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Veterans’ Mortgage Life Insurance (VMLI)
Veterans Mortgage Life Insurance is an insurance program that currently provides up
to $90,000 in mortgage life insurance coverage on the home mortgages of veterans with severe
service-connected disabilities who:
The insurance is payable only to the mortgage lender, not to family members.
VMLI coverage is available on a new mortgage, an existing mortgage, a refinanced mortgage, or
a second mortgage.
VMLI premiums are determined by:
Note: Effective October 1, 2011, the maximum VMLI increases to $150,000. Ninety days later, on January 1, 2012, the maximum VMLI increases to $200,000.
