Veterans Mortgage Life Insurance

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DaChief

Distinguished member
Joined
Dec 6, 2016
Messages
191
Reason
PALS
Diagnosis
12/2016
Country
US
State
Florida
City
West Melbourne
What determines the effective date of the VMLI? I have the SAH benefit approved but when along the process will the insurance get approved? Do you actually have to start the construction? What happens if I were to kick the bucket :lol: 1 week into the construction? Would the VA still payout the insurance and the remainder of the SAH grant?
 
A veteran has two choices for a starting point. When they fill out the form for VMLI they can choose when the building begins or after it is completed. My husband's VMLI started when building began which they deemed to be the day we put the SAH grant check in the escrow account.
 
Hey chief, once you are approved for SAH grant your good to apply for vmli immediately , don't wait cause as you said the bucket may come up before completion of project. Good luck. Chally
 
I believe the determining factor is when the government disperses the money.
 
We were told the policy could begin at 2 different times...when sah construction begins or when everything is completed
 
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