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A veteran seen and treated
by the military or VA for a service-related illness or disease, even if not rated by VA, could be considered uninsurable and
unable to buy life insurance, which means the veteran would be unable to protect his or her family and home.
Insurance
companies share information. So, if one company denies a veteran life insurance most likely other companies will deny
him coverage, too.
In 1951, The Service-Disabled Veterans Insurance (S-DVI) program was established to meet the insurance
needs of certain veterans with service connected disabilities. The maximum policy amount offered was $10,000, and 58
years later it still remains the maximum policy amount.
In 1951, $10,000 could purchase a brand new 3 bedroom home.
That same home today would cost $200,000 to $300,000.
In 1951, if you invested $10,000 and it
kept pace with inflation then it would be worth $82,958 today, according to the Bureau of Labor Statistics Consumer Price
Index (CPI).
If government believes in Abraham Lincoln’s pledge to care for “him
who has borne the battle, and his widow and his orphan,” then the government should increase the S-DVI maximum policy
to a more reasonable amount.
VeteransFirst.com
Seek answers, ask questions, verify, and stay informed.
Reference:
Service-Disabled Veterans Insurance (S-DVI): http://www.insurance.va.gov/inForceGliSite/buying/SDVI.htm
Bureau of Labor Statistics Consumer Price Index (CPI) Inflation Calculator: http://www.bls.gov/data/inflation_calculator.htm
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