Veterans' Mortgage Life Insurance (VMLI) is an insurance program that has been designed to provide mortgage life insurance to disabled veterans and service members who are severely disabled. VMLI is designed to assist the families of disabled veterans and service members in paying off a mortgage in the untimely event of their death. Unlike Veterans’ Group Life Insurance, it is not available to all military veterans. Who is eligible for Veterans' ...
Home Depot and Lowes 10% Military Discount Available Everyday
Home Depot and Lowe's have long been known to offer a 10% holiday discount to military members and their families, and in many cases veterans and retirees. These promotions were usually limited to the main military holidays such as Memorial Day, Fourth of July, and Veterans Day. Well, no longer - both companies have just announced these offers are available every day of the week! Additionally, you may be able ...
How to Convert an SGLI Policy to VGLI
One of the most important things you need to consider when making the transition from military service to civilian life is how much life insurance you need and to make sure you are covered when you leave active duty service. Military members may need more life insurance than civilians, or it may be the opposite for your situation. Life insurance is there to make sure your family will have a source ...
How to File a Tax Extension
Do you need to file a federal tax extension? If you are like me, then you probably haven't filed your federal taxes yet. I don't really have an excuse, I've just been trying to do way too many things at once. I put it off until the weekend, but then something else comes up that is much more fun. But the April 15th tax deadline is fast approaching and ...
What is Servicemembers’ Group Life Insurance (SGLI)
The Servicemembers' Group Life Insurance (SGLI) is a low cost group life insurance program for active duty servicemembers. This includes reservists, members of the National Guard, members of the Commissioned Corps of the National Oceanic and Atmospheric Administration, and Public Health Service. In addition, cadets and midshipmen of the four service academics, and members of the Reserve officer Training Corps are eligible as for SGLI coverage. How much coverage can I ...
Should You Get Veterans’ Group Life Insurance?
Due to the nature of their calling, military members have special needs concerning their finances and estate planning. One notable area is concerning how much life insurance military members need. Military members can receive inexpensive life insurance coverage through Servicemembers Group Life Insurance (SGLI), which is easy to obtain and inexpensive to maintain while they are in the military. But when military members separate from military service, their life insurance ...
How Military Service Affects Your Social Security Benefits
Did you know that your military service may affect your Social Security benefits? This is a little known benefit that affects many current and former military members. It’s important for every member of the armed forces to know how their military service affects their Social Security benefits—regardless of current age. This will help you better prepare for your retirement. Let's consider what you’re eligible to receive and how ...