10 Veterans Benefits You May Not Know About
Heath care and education benefits may be common knowledge of Veterans Law for most veterans, but many other benefits are not so well-known. These little-known benefits may significantly improve your life by easing the financial liability of medical bills, life insurance, and mortgages.
Here are 10 Veterans Administration (VA) benefits that are not commonly known:
1. Life Insurance
It’s common for veterans to have difficulty getting traditional life insurance especially if they had an injury while they were in service. But veterans can get life insurance through the Servicemembers’ and Veterans Group Life Insurance Program.
2. Caregiver support for ailing veteran
If you plan to be the caregiver of a veteran, the Department of Veterans Affairs may provide support for a caregiver. Caregivers are equipped with a caregiver support coordinator and support line to give counseling and support to the people who are responsible for the ailing veteran.
3. Death benefits unique to veterans
When a veteran dies, some unique benefits are available to families. They may request a U.S. flag for the casket and families can ask for a Memorial Certificate from the President to honor his or her military service. Also, the VA may provide free headstones.
4. Financial help for vocational training
The G.I. Bill not only offers financial aid to get a degree, but it also provides help in attending vocational certificate and training courses.
5. Free tax preparation
Volunteer Income Tax Assistance offices offer free tax preparation for veterans and their families. These services have trained staff that deals with the complicated military tax forms. If you are a veteran, you don’t need to hire an accountant to do your taxes.
6. Help to get a job
American Corporate Partners introduces veterans to top companies to help them to get jobs after finishing with their time of service. Veterans will also have the opportunity for one-on-one mentoring as well as other career development services.
7. Long-term medical treatment
Long-term care is often needed for aging relatives. Through the Aid and Attendance Program, you may be eligible for financing to cover the costs of nursing homes or other long-term care facilities. Surviving spouses of veterans may be able to get financial help.
8. Purchase VA foreclosures
Homes that have been foreclosed and have VA loans can be purchased at a discount by veterans. You will have no problem getting VA financing because all the properties on this list already qualify. This is not commonly known and can significantly reduce the cost of purchasing your own home.
9. Mortgage Help
If you are a veteran who is struggling to make your mortgage payments, you are eligible for help through the VA. Some of the options available are loan forbearance, loan modification, and individual repayment plans. Veterans who own property should read these guidelines.
10. Inheritance benefits
Veterans with inheritance will not lose their pension if the military pension is compensation for a disability connected to his or her service. You may have the right to inheritance even if you are receiving other VA benefits.