Post by Anonymous Vet on Dec 1, 2003 12:21:45 GMT -5
Veterans pass up low-cost insurance
LONG BINH, (VA) - Thousands of disabled veterans -
largely young veterans - are failing to take advantage of a valuable insurance opportunity the Veterans Administration said today.
The VA said it gives disability ratings to some 7,000 veterans each month and each Man is encouraged to apply for special low-cost RH insurance.
However, said the VA, currently only about 16 per cent submit applications despite premiums so low that a 25-year-old veteran, for example, can start a $10.000 insurance program for only $2.60 a month.
RH National Service Life Insurance is available only to veterans separated from service after April 24. 1951, who have been rated by the VA as having a service connected disability.
After the rating is established, VA insurance offices in Philadelphia or St. Paul inform each veteran that he is entitled to apply for low cost RH insurance.
The VA emphasized that veterans who receive disability ratings may apply for RH insurance whether or not they converted their Servicemen's Group Life Insurance (SGLI) to a private policy after they got out of military service.
The Army Reporter, 19 October 1968
LONG BINH, (VA) - Thousands of disabled veterans -
largely young veterans - are failing to take advantage of a valuable insurance opportunity the Veterans Administration said today.
The VA said it gives disability ratings to some 7,000 veterans each month and each Man is encouraged to apply for special low-cost RH insurance.
However, said the VA, currently only about 16 per cent submit applications despite premiums so low that a 25-year-old veteran, for example, can start a $10.000 insurance program for only $2.60 a month.
RH National Service Life Insurance is available only to veterans separated from service after April 24. 1951, who have been rated by the VA as having a service connected disability.
After the rating is established, VA insurance offices in Philadelphia or St. Paul inform each veteran that he is entitled to apply for low cost RH insurance.
The VA emphasized that veterans who receive disability ratings may apply for RH insurance whether or not they converted their Servicemen's Group Life Insurance (SGLI) to a private policy after they got out of military service.
The Army Reporter, 19 October 1968