tdiu Va Insurance Life Insurance /100% Disabled

[atlaturne]

Recently got 100% tdiu,etc.-told I was eligible for insurance,with premiums WAIVED.I was sent a letter/phamplet(I did not understand-(I am a college grad) saying I can get insurance coverage up to certain amounts(20,000.00)?But earlier I got a letter,that said I was entitled to up to 10,000$ with premiums waived.I just got a letter that I was granted a 20,000.00 policy with monthly premiums of 131.00 deducted from my benifit payment every month.Question-what was/we intitled to for 100% disability/10,000/20,000.What @the 10,000 policy that I was supposed to get?

[Philip Rogers]

The first $10k premium is waived but the second $10k you pay for.

pr

[stillhere]

Now that you are 100% the first 10,000 the VA gives you and you are eligible to buy another 10,000 for a total coverage of 20.

The 113 they are charging you for the other 10 is kinda of steep. I pay 44bucks for mine.

[broncovet]

PR and Still here are right. You get a waiver on the first 10,000 of coverage BUT YOU HAVE TO ASK FOR THE WAIVER. You may be paying for it because you havent asked. The VA pays 0 benefits until/unless you apply. The supplemental insurance, (above the first 10,000) is not eligible for a disability waiver of premiums.

It sounds to me like $113 is the premium for both, but you may actually have $30,000 coverage...$10,000 paid by the VA waiver of premium for disability and another $20,000 suplement to that that you have to pay for. The premium varies with your age and the type of coverage.

The VA offers different policies. The difference is how fast the cash build up occurs, since this is whole life insurance and builds up a cash value with time. More expensive policies build up cash faster than cheaper ones. When the VA is paying for it, I suggest you get the most expensive possible. That is, if the VA is buying you a diamond ring and they offer you a 1/8 carrot stone, or a 4 carrot rock, which one would you rather have?

[deltaj]

Recently got 100% tdiu,etc.-told I was eligible for insurance,with premiums WAIVED.I was sent a letter/phamplet(I did not understand-(I am a college grad) saying I can get insurance coverage up to certain amounts(20,000.00)?But earlier I got a letter,that said I was entitled to up to 10,000$ with premiums waived.I just got a letter that I was granted a 20,000.00 policy with monthly premiums of 131.00 deducted from my benifit payment every month.Question-what was/we intitled to for 100% disability/10,000/20,000.What @the 10,000 policy that I was supposed to get?

I hope I'm remembering correctly but after a new service-connected disabiity is granted you have to apply for Service Disabled Veterans Insurance within one year. There is also a deadline for applying for supplemental service disabled veterans insurance. My husband was cheated out of this coverage by V.A.'s actions. First V.A. rated him 0% for his service connected varicose veins in 1998 and more than two years later after he appealed he was rated 30%. I never learned in that 2 year period that he was entitled to service disabled insurance on a 0% rating. In 1994 V.A. had sent him a letter mentioning the possibility of a special apportionment to his ex wife of more than $1000 per month. My husband caved then and withdrew his CUE claims. By the time V.A. rated him 30% on varicose veins in one leg in 1998 he was tired of the fight and said he didn't want to fight anymore. He never appealed the 1998 decision that V.A. had rated varicose veins in only one leg. The rating schedule on varicose veins was then changing and now if we appeal on CUE his rating will not be high enough to get him a supplemental rating of 60% for the varicose veins in addition to the 100% rating he has for another service-connected condition.

Edited April 21, 2010 by deltaj