Life Insurance Waiver Approved Now What

[Testvet]

I got the letter otday that my request for waiver has been aproved for the 10,000 free insurance and they sent a book with a lot of different options, in my case since I have no other insurance and can't buy any, I think I should get the 20,000 since the odds are not in my favor years wise should I take the 5 year term of the the whole life plan? confusing chit their insurance plans....

[Pete53]

Whole life will build cash value and cause VA is paying for half its cheaper. The only value in my opinion is life insurance is tax free when you die and if you live to an old age you can convert the policy so you have a burial policy.

If I had the same option you have right now I would but term as cheap as it gets and not look back.

[Testvet]

they are opening a National Cemetary within 15 minutes of the house I am getting planted there, and plan on prepaying for it, as I know they will try and take advantage of my wife because she will be upset, I watched tham at work on my mother in law in 2002 when Pops died. I want to avoid my wife the same fate.