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Loan Cancellation Life Insurance

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The Oregon Department of Veterans' Affairs Loan Cancellation Life Insurance is group term insurance underwritten by Standard Insurance Company. Its purpose: To keep your family safe in their home in the event of your death.

Your home is probably the largest and most important investment you'll make for your family. Without you in the picture, would your survivors be able to make monthly mortgage payments? Would they be forced to sell their home? Would they lose their home to foreclosure?

Your spouse or co-borrower also deserves protection. If your household depends on two incomes to meet your mortgage payment and other expenses, it makes sense to protect your family's home against the death of either of you by insuring both of you.

No matter what your age, if you own a home, protecting the investment you've made is the smart thing to do. ODVA's Loan Cancellation Life Insurance program protects your investment and your family by ensuring that if the worst should happen, your family can keep their home. It gives you and your loved ones peace of mind.

ODVA's Loan Cancellation Life Insurance program includes two types of coverage:

For answers to commonly asked questions, costs, exclusions, limitations and reductions, please review the Loan Cancellation Life Insurance Brochure and the following pages.

This website provides a brief description of the plan. Upon approval of your application, you will receive a Certificate of Insurance. Read your Certificate carefully and keep it in a safe place. The actual terms of coverage will be subject to the provisions contained in Group Policy No. 604593, issued to the Oregon Department of Veterans' Affairs by Standard Insurance Company.