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Will I be able to change the amount of my VMLI coverage?

Published 08/13/2012 09:35 AM   |    Updated 08/13/2012 10:23 AM
Will I be able to change the amount of my VMLI coverage?
If you did not reduce your coverage by May 1, 2012, you can no longer do so. However, you will have until January 1, 2013 to increase your coverage if you change your mind. You will only have one opportunity to increase or decrease your coverage, unless you refinance your mortgage or sell your home and purchase another home you wish to cover under VMLI.