I hear different stories and wondering if anyone can help. I'm 100% pnt. I'm wondering what happens to the veterans compensation if they pass from either a freak accident or from a cause of any of the disabilities. Does your spouse continue to receive the compensation?
The only way the spouse will be compensated is through the DIC pension. My fathers widow gets it, basically because he died of a service connected condition and he was 100% rated.
I heard that being medically retired, at 100% pnt 1st time go is different,as far as survivors benefits, than being medically retired for less than 100 and later getting 100 and different than not being medically retired and still obtaining 100 pnt. Does anyone know if there is??
The only way the spouse will be compensated is through the DIC pension. My fathers widow gets it, basically because he died of a service connected condition and he was 100% rated.
I heard that being medically retired, at 100% pnt 1st time go is different,as far as survivors benefits, than being medically retired for less than 100 and later getting 100 and different than not being medically retired and still obtaining 100 pnt. Does anyone know if there is??
If you’re the surviving spouse, child, or parent of a service member who died in the line of duty, or the survivor of a Veteran who died from a service-related injury or illness, you may be able to get a tax-free monetary benefit called VA Dependency and Indemnity Compensation (DIC). Find out if...
Chaplain Charlie and McDonald are correct... read up on it. My dad specifically died from heart failure due to diabetes (his blood sugar got below 60 and his heart stopped). He was rated 100% PT for over ten years and was service connected for diabetes due to agent orange exposure.
If he had been struck by lightning, died of cancer or a car accident, his widow wouldn’t have received a penny. But she does because the way his death certificate is written and it matches what he was service connected for. So she receives DIC. It’s not automatic or easy. It requires someone die from very specific causes directly related to your service connected disability.
If you are worried about estate or end of life planning unfortunately their are some hard deadlines you have to meet first. You have one year to convert your SGLI to VGLI without proof of good health otherwise getting life insurance will be difficult since many require a health exam. Your next option would be getting a whole-life policy that doesn't require an exam, these dont pay out as much as term policies do and can get pretty expensive but you do pay a fixed rate until the policy matures and then you pay nothing more and your covered till the end of your life. You also had two years to opt into S-DVI which provides you a free 10k coverage with the option of supplementing 30K more with a premium.
I find most Veterans either under do it or over do it with these life insurance policies.