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Veterans Mortgage Life Insurance (VMLI)

Veterans’ Mortgage Life Insurance (VMLI) is a life insurance program for a veteran's survivors. Veterans Mortgage Life Insurance is designed to pay off the home mortgage of a severely disabled veteran in the event of his or her death.

Only veterans who have received a Specially Adapted Housing Grant from the VA are eligible for Veterans Mortgage Life Insurance. This grant helps a disabled veteran build or modify a home to accommodate his disabilities.

The amount of VMLI coverage equals the amount of the outstanding mortgage balance still owed by the veteran or $90,000, whichever is the lesser amount. VMLI is term insurance that decreases as the mortgage balance is reduced by regular payments.

Premiums are based on age, the outstanding balance of the mortgage at the time of application, and the number of years remaining on the mortgage. The VA has an online premium calculator on the Veterans Mortgage Life Insurance page on the VA website.

If you’re an eligible veteran (that is, you’ve received a Specially Adapted Housing Grant from the VA), you can apply for this insurance program by completing VA Form 29-8636, Application for Veterans’ Mortgage Life Insurance. You can obtain this form at any VA regional office, or online on the Forms page on the VA website.

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