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Disabled Veterans’ Life Insurance: S-DVI Benefits

Posted on February 15, 2016 by Disability Help Group

The Department of Veterans Affairs (VA) provides several options for servicemembers, veterans, and their families to obtain affordable and relevant life insurance plans to protect their future. For disabled veterans, there are special programs within the life insurance benefits that are focused on the unique needs of those with disabilities.

The Service-Disabled Veterans Insurance (S-DVI) is perhaps the most common type of life insurance benefits that disabled veterans seek for themselves. There are several types of permanent and term plans to suit different needs and they are issued for a maximum value of $10,000.

If a disabled veteran has a 100% disability rating they may have their plan premiums waived by submitting the proper documentation. Aside from premium waivers, completely disabled veterans can also qualify for Supplemental S-DVI benefits which can increase their coverage to up to $30,000, although these premiums cannot be waived.

To apply for S-DVI benefits a veteran must have:  

  • been honorably discharged from military service after April 24, 1951;
  • service-connected disability rating;
  • good health aside from the disabling condition; and
  • applied within 2 years from the time they were granted their service-connected disability rating.

Disabled veterans who receive a disability rating increase or were granted an individual unemployability designation from a previously rated condition may not be eligible for these benefits.

If you are a disabled veteran who has been denied disability compensation or have not yet applied for benefits from the VA, a South Florida disability representative from Disability Help Group is ready to help. To learn if you are entitled to certain programs and benefits contact our veteran’s disability rights firm today 1-(800)-800-3332.