You served your country. You and your family made sacrifices. You worked hard for your VA benefits. But are you using them to the best advantage?
Most veterans know you can purchase a home with a VA loan with little to no down payment. And the value of the GI Bill can’t be disputed. But did you know that you could transfer your GI Bill benefits to a qualifying family member? Or that if you get behind on your VA loan mortgage payments, there are programs to help you?
Keep reading to discover additional VA benefits you might not be aware of.
Transfer your GI Bill Benefits
Established in 1944 to help vets returning home from WWII ease back into the workforce, the GI Bill helps veterans pay for the costs of college, graduate school, and vocational training programs. But what if you don’t want to go back to school? Or if you only used a portion of the benefits you were entitled to?
Chances are, you can transfer your Post 9/11 benefits to your spouse or a qualified dependent, allowing them to get money for tuition, housing, books, and supplies. Click HERE to find out who qualifies and how you can transfer benefits.
VA Home Loan Delinquency Assistance
Sometimes, the unexpected occurs in life, and we run into financial hardship. If you get caught in a sticky situation, don’t let your home go into foreclosure.
In the case of late and/or missed payments of your VA Home Loan, it’s always best to directly contact the lender and let them know your situation. But the VA can also help. They offer financial counseling and delinquency assistance to veterans and surviving spouses of veterans. For more information, go HERE.
Life Insurance for Veterans
Getting traditional life insurance at reasonable rates can sometimes be challenging. Especially if you have a service-related disability.
The Servicemembers’ Group Life Insurance program offers up to $400,000 in life insurance to qualified veterans. You must apply within a year plus 120 days of leaving military service. And if you sign up within 240 days of separation, you don’t need to prove that you’re in good health.
Veteran Student Loan Forgiveness
If you’re a disabled vet and have student loans, you have options. Check out this program that forgives student loan debt to qualified disabled vets.
Long-Term Care
Long-term care isn’t something many of us like thinking about, but it should be part of our financial planning. The Aid and Attendance program offers eligible veterans money to cover the cost of nursing homes, assisted living programs, and other long-term care options. Couples are eligible to receive up to $25,000 a year, and surviving spouses of veterans may receive up to $13,560 a year to cover their long-term care costs.
For more information about VA benefits and programs you may qualify for, check HERE.
Tucker Disability Law appreciates the service veterans have given to our country. If you or someone you know is a disabled veteran who is applying for benefits or has been denied a claim, we want to help you. Get Free Advice today. Call. Chat. Schedule a Free Consultation. Our service is no cost to you until we WIN! Make today the last day you worry about your disability claim. To get started, click this link or call us at 866-282-5260.
