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’ [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
Options for Refinancing a VA Loan
Those who served our nation have access to one of the most powerful home loan programs on the planet, the VA loan. That also includes a couple of the most flexible and financially beneficial refinance programs available to consumers. Cash-out refinancing loans and interest rate reduction refinancing loans (IRRRL or VA streamlines) are two primary, [...]
Is Military Retirement Pay Enough to Retire On?
Military retirees have one of the best pension plans in the US. After only 20 years, military retirees can retire with 50% of their basic pay, full medical coverage, and a slew of other benefits that will stay with them throughout the remainder of their lives. It is not a stretch to say that a [...]
A Military Retirement is Worth Millions of Dollars
That’s a bold headline, especially if you a retired enlisted military member only bringing in a little over a thousand dollars a month in retirement pay. But it’s true. A military retirement is worth well over a million bucks. In some cases it is worth millions of dollars. Before we get too deep into this, [...]