Service Disabled Veterans Insurance

[paulstrgn]

I am 100% P&T. I have called the toll free number for the VA life insurance and have been given conflicting information. The first person I spoke to said I am not eligible to apply for the waiver of premiums on a $10,000 life policy because I am working, the second person said I need to apply for the waiver and see what they say. He said I may or may not be given the waiver, he said you won't know until you apply.

Does anyone have the SDVI for $10,000 and is employed get the premiums waived? I only want to apply if the premiums will be waived. I am also under 65 and it has been less than 2 years since my last new disability.

Thanks

 

[Buck52]

Good Question Paul

I am not sure if a veteran is 100%P&T and still working....usually P&T means your permanently totaled

I had to fill out the application for the free 10.000 life insurance   but I was P&T (not working)  if you get the application in with your award packet  I would think your eligible 

So maybe a VETERAN that is also 100% P&T and still working  will need to answer this.

[paulstrgn]

I guess I can apply and send in the waiver. It would be nice to get a $10,000 free life insurance policy. I need to Google this a little more to see if being employed means I am not eligible to get the waiver of premiums.

 

[GBArmy]

Paul, if you had anything in your award pachage on disability insurance, then certainly apply. But even if you didn't, no harm, no foul. Submit anyway, what do you have to lose? 

[paulstrgn]

GB I did receive a letter for filing for disability insurance. After reading it completely I see a sentence that state"if you become totally disabled before age 65 and are unable to work for six or more months, we may waive premiums."

I am thinking (and I may be wrong) that I would not be eligible to have the premiums waived. But I am curious to see if someone who is employed were able to get the premiums waived.

[GBArmy]

Paul, I may be off a little, (ok, a lot), but didn't you say you are due to retire very soon. I'm thinking that if that is the case, why not apply after you retire? Aside from waiving the premiums, insurance payouts are tax exempt. Nice way to pay on some coin that wouldn't have cost you anything.

[Vync]

4 hours ago, paulstrgn said:

I am 100% P&T. I have called the toll free number for the VA life insurance and have been given conflicting information. The first person I spoke to said I am not eligible to apply for the waiver of premiums on a $10,000 life policy because I am working, the second person said I need to apply for the waiver and see what they say. He said I may or may not be given the waiver, he said you won't know until you apply.

Does anyone have the SDVI for $10,000 and is employed get the premiums waived? I only want to apply if the premiums will be waived. I am also under 65 and it has been less than 2 years since my last new disability.

Thanks

I applied after getting 100% P&T status and they told me the same thing, but but failed to mention anything about a waiver. This makes me glad I recently requested a copy of my claims file. Will have to dig through it and see if this can be fought.

If I recall correctly, I believe that the pamphlet does not mention anything about being disqualified because you are still working.

@GBArmy I believe there is a time limit in which you can apply and receive the $10,000 coverage at no cost. By the time Paul retires, that may have passed.