Shellback- Posted October 2, 2011 Share Posted October 2, 2011 I can't seem to find out the costs for this policy-I am sure it varies depending on age group but no info on that either? !! nothing that a ride on the old Harley can't fix !! Link to comment Share on other sites More sharing options...
carlie Posted October 2, 2011 Share Posted October 2, 2011 This link has another link - for premium amounts via your age. You can find all VA insurance programs and answers here. insurance.va.gov/sgliSite/VGLI/CompareVGLI.htm Carlie passed away in November 2015 she is missed. Link to comment Share on other sites More sharing options...
HadIt.com Elder john999 Posted October 2, 2011 HadIt.com Elder Share Posted October 2, 2011 If you can get life insurance via some of these big brokers like "Select Quote" you will get a much better deal. When I was 49 years old I got $250,000 of life insurance via Select Quote for less than $800 bucks a year. My rate was for 15 years. I had all sorts of disabilites. 10-20 thousands bucks worth of insurance via the VA is just enough to bury you and pay off your second hand car. Link to comment Share on other sites More sharing options...
Moderator broncovet Posted October 2, 2011 Moderator Share Posted October 2, 2011 The VA has multiple policies at multiple rates. Most of these are "whole life" insurance as opposed to "term" life insurance. One way to look at the difference between whole life and term is that term is "rented" insurance where whole life is "owned" insurance. Whole life policies "build up" cash value. That is, you can surrender the policy for cash. The difference in cost is largely in how much cash you want to accumulate in your life insurance policy, as most have a similar "costs of insurance". Whole life insurance pays "dividends". My VA whole life insurance will "pay up" in about 20 years. The 10,000 whole life policy will have a cash value of 10,000 in 20 years. This means that I can cash in the policy after 20 years and collect the $10,000. If your policy has a waiver of premium, and you meet the qualifications for the waiver, then you can cash in the 10,000 policy for 10,000 after 20 years and keep the money. Link to comment Share on other sites More sharing options...
Moderator broncovet Posted October 2, 2011 Moderator Share Posted October 2, 2011 The rate table booklet can be downloaded here: http://www.insurance.va.gov/gli/forms/29-9.htm If you think the Va will be paying the premium, then you want the most costly as it will build up cash faster. If you are trying to buy lots of insurance for the lowest cost, then select a "cheaper" policy. Link to comment Share on other sites More sharing options...
Shellback- Posted October 2, 2011 Author Share Posted October 2, 2011 Wow-thanks Guys and Gal !!- your a wealth of great information !! !! nothing that a ride on the old Harley can't fix !! Link to comment Share on other sites More sharing options...
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Shellback-
I can't seem to find out the costs for this policy-I am sure it varies depending on age group but no info on that either?
!! nothing that a ride on the old Harley can't fix !!
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