Anyone know what life insurance there are for TBI vets

[jfrei]

Is there Life insurance our there other then the VA SDVI insurance plan basically covers funeral cost if im lucky for my wife, my recent award was my increase from 70% to 100% for my TBI award letter dated September 22 2017. I met with a financial councilor who said I was eligibile for his listed life insurance companies due to my disabilities but my wife is. I know being just over my one year since my new rating and I honestly had no intentions of dieing so I just shrugged insurance off but I just wanted to know they will be ok if I pass kids and wife. Not sure how DIC works I’ve only been P and T since 11/16 and married since  9/2/11. What’s the criteria and will my kids still be eligible for. Their DEA benefits?

Edited March 20, 2018 by jfrei

[Buck52]

I agree with ya John.

Gastone  when I got back from Nam I never thought about Insurance or ever getting it , it was not mention to me at separation or any type health benefits.

Had someone mention all this to me maybe things would be different today...

Nam Vets were treated crappy when I got back,in 71 after two vacations over there  and I think the same is true for the Nam Vets that got out in 1975  the fall of saigon.

I mean things have improved from our Nam Days , my grandson is in Afghanistan and sends us videos from his phone and talks with his g/f  everyday back here in the states.

My only fun time from Nam was when I got R&R  Over in Bangkok  and yeah I hink you hit the nail right on the old head,   Nam Vets were (whats left of  us anywayz) and still are worth the 100.000k 400.000k coverage available today.

but times have to change.

[jfrei]

Ok so apparently I was approved and am getting the 10k life insurance for 16.30 a month. I’m not sure but do I fight the premium being P and T for my TBI and is there any other insurance I can get from the VA to get the 30k?  Not sure how you get the 3 10k insurance...

[broncovet]

  For life insurance, other than the 10,000 SVDI, you have to pay for it all.  No its not "automatic", you have to apply for it.  I think that is what Buck meant..that if you apply for SVDI you should get it, but dont neglect to apply as you wont get it.  

Yes, you need to look into DEA and DIC.  I will give you the short versions.  DEA is if your kids want to go to college.  If you have no kids persuing college, that probably wont matter.  

DIC is mostly for your spouse after you die.  But, you need to die for the right reasons for her to get it.  

If you die 10 years or more after you become 100 percent, the cause of death does not matter.  But if you die prior to 10 years after the effective date for your disability rating, then you have to die of a "service connected" condition.  Best advice:  Dont die until you have been rated for 10 years.  

If your wife meets the above criteria (and some more) she should get DIC which is "about" 1200 to 1500 per month for the rest of her life.  

For more specifics on DIC read this:

https://benefits.va.gov/compensation/types-dependency_and_indemnity.asp

For more on education benefits for survivors, read this.  Follow the links, too:

https://www.benefits.va.gov/gibill/survivor_dependent_assistance.asp

[jfrei]

Well guess I need to stay alive for at least another 7 years, hard to say how a TBI can cause a death 5-9 years later I don’t want to want to find out ill just keep dragging my ass down the street to the VA for my treatment...

Edited April 12, 2018 by jfrei

[broncovet]

Good idea.  We dont want to lose hadit members, either, we have already lost some.  If you want the insurace above 10 k, you can get it, but you have to pay for it, they will take it out of your VA check.  

[Buck52]

jfrei

we never know when it's our time to go  so we need to be prepared for our family.

I got the free 10.000 life policy from the VA when I was granted the TDIU P&T....Not long after that I got another life policy from a private Insurance but I pay the monthly premiums  on it each month  until I die.

if I die before my spouse she can pay off  Bills and have a comfortable living ...we use to kid each other  I got two policies and she only has one, She gets to go shopping at Macy's & if she goes before me then I get to go shopping at Wal-mart! 

I ask her I said hey something's wrong with this Picture  she said  just eat it and don't say anything  eh!!   that is something she has told me all our married life when something she cooks tasted like an old leather boot.