United States Department of Veterans Affairs

Other VA Life Insurance

Veterans' Mortgage Life Insurance (VMLI)

P.L.111-275 Increases the maximum amout of VMLI Coverage
The Veterans’ Benefits Act of 2010 increases the maximum amount of VMLI from $150,000 to $200,000, effective January 1, 2012. Follow this link to view Frequently Asked Questions about the Coverage Increase.

What is Veterans' Mortgage Life Insurance?

The Veterans' Mortgage Life Insurance (VMLI) program provides mortgage life insurance to severely disabled veterans and service members. It is designed to pay off home mortgages of disabled veterans and service members in the event of their death.

Who is Eligible for VMLI?

Only veterans and service members who have received a Specially Adapted Housing Grant from VA are eligible for VMLI. This is a grant to help a disabled veteran or service member build or modify a home to accommodate his or her disabilities. Veterans must apply for VMLI before their 70th birthday.

What Does VMLI Provide?

VMLI provides up to $200,000 mortgage life insurance. VMLI is payable only to the mortgage holder (i.e., a bank or mortgage lender),not to a beneficiary. The amount of coverage will equal the amount of the mortgage still owed, but the maximum can never exceed $200.000. VMLI is decreasing term insurance which reduces as the amount of the mortgage reduced. VMLI has no loan or cash values and pays no dividends.

How Much Does VMLI Cost?

We have a premium calculator available to help you determine your VMLI premium amount. Follow this link to use the VMLI Premium Calculator.

How Are Eligible Veterans and Service Members Notified About VMLI?

Veterans or service members who receive a grant for the purchase of Specially Adapted Housing are advised by Loan Guaranty personnel at their interview of their eligibility for life insurance to cover the unpaid mortgage on their home. The Specially Adapted Housing Agent will help the veteran or service member complete VA Form 29-8636, Application for Veterans' Mortgage Life Insurance. If a veteran or service member does not apply for VMLI coverage at that time, VA will send a letter informing them that they are eligible for such coverage. In addition to completing VA Form 29-8636, the veteran or service member must provide information about their current mortgage.

Where Can I get More Information About VMLI?

You can get more information about VMLI by downloading and viewing the VMLI Brochure. The application for VMLI, VA Form 29-8636, Application for Veterans' Mortgage Life Insurance is also available for download from this site.