True or False: A veteran may have multiple VMLI policies for different properties.

The assertion that a veteran may have multiple Veterans' Mortgage Life Insurance (VMLI) policies for different properties is false. VMLI is designed to provide mortgage coverage primarily for specially adapted housing purchased by veterans with service-connected disabilities. Each veteran is allowed only one VMLI policy at a time, which is intended to cover the remaining mortgage balance of their specially adapted home.

While veterans may have other types of insurance or financial products, VMLI is specifically limited in this way to ensure that funds are effectively allocated to help disabled veterans maintain financial stability regarding their specially adapted homes. This limitation reinforces the program's focus on supporting the unique housing needs of veterans with disabilities, rather than providing a broader financial instrument for multiple properties.

Understanding the parameters of VMLI is essential for veterans looking to secure their housing investments while navigating the complexities of their benefits.