Service-disabled veterans insurance, or SD VI, is life insurance for veterans who have received a service-connected disability rating by the VA. This can greatly help improve their quality of life. Hi, I'm Mike Woods, a veterans disability lawyer at Woods and Woods, the veterans firm. If you have a service-connected disability (SDV), I may be able to assist you. Eligible veterans can receive up to $40,000 in coverage. If you have a service-connected disability, please call us at 888-959-9908 or visit our website at veteransfirm.com. You served your country, now let us serve you.
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Service disabled veterans insurance Form: What You Should Know
Group Life Insurance for Dependents (SLID) How does the waiver of a premium apply? The waiver is for a period of one year. When applying for a waiver of service-disabled veterans insurance premium, each Veteran must present proof of disability or that the Veteran currently has a disability. When was the last time the Veteran had a disability? Before the last time it was reported. To qualify for the waiver, a Veteran must present proof that he or she has the disability listed in the Waiver Statement and must also have had a Veteran's Group Life Insurance for Dependents (SLID), which covers the dependents of the Veteran for the last five full years, until the time he or she was reported as no longer receiving Veterans' services. What are my options for paying for a waiver? When applying for a waiver of premiums, the Veteran must send a completed Waiver Statement to the insurance agency in writing (with a copy of the letter to be included with the form), and must send his or her Veteran's GSI number in writing. In addition, the Veteran must also pay an amount equal to the average veteran premium in the State where he or she lives or a VA-approved health savings account. The beneficiary of the insurance waiver is the beneficiary of the insurance policy, regardless of when the Veteran applied for the insurance waiver. In certain circumstances, a policy for a beneficiary who was denied service-disabled veteran insurance coverage may be purchased and then applied to the Veteran in a timely manner. Benefits: Life Insurance — 10,000 annually for life from the date of service. Up to 2,000 for death insurance. This does not apply if the Veteran died during his or her own service for which he or she applied. Group Life Insurance — All dependents and all survivors insured in the event of Veteran's death. Retired Members' Group Life Insurance — From date of separation to date of death, the life insurance coverage is for at least six years and is up to 50,000. This does not apply if the Veteran died during his or her own service for which he or she applied. Families Do I have to be married to receive my group life insurance? Groups Life Insurance premiums may include a widow, widower, or an unmarried couple. However, there is no group plan with this benefit.
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