Should You Get Veterans’ Group Life Insurance?

Due to the nature of their calling, military members have special needs concerning their finances and estate planning. One notable area is concerning how much life insurance military members need. Military members can receive inexpensive life insurance coverage through Servicemembers Group Life Insurance (SGLI), which is easy to obtain and inexpensive to maintain while they are in the military. But when military members separate from military service, their life insurance needs may change. One option available to military veterans is Veterans’ Group Life Insurance (VGLI).

What is Veterans’ Group Life Insurance (VGLI)

Veterans’ Group Life Insurance (VGLI), is a life insurance program that was designed to allow service members to convert their SGLI coverage to a renewable term life insurance policy. Eligible members with full time SGLI coverage are eligible for Veterans’ Group Life Insurance upon their release from the service.

Should I get Veterans’ Group Life Insurance?

It’s important to evaluate all of your options when considering your Group Life Insurance and determine if the Veterans’ Group Life Insurance will meet your life insurance needs and expectations. You’ll want to consider whether or not the premium will be affordable to you and fit within your personal budget.

Consider whether or not the coverage will be enough to meet your specific needs or if it is enough to supplement your other coverages you already have in place. In addition, you’ll want the life insurance coverage that has the best features for you and your family.

How much coverage can I get with VGLI?

The Veterans’ Group Life Insurance (VGLI) coverage is available in increments of $10,000 up to a maximum of $400,000. A service members Veterans’ Group Life Insurance coverage cannot exceed the amount of SGLI they had in force at the time of their separation from the service.

How much are VGLI premiums?

Your life insurance premium rates are based upon your age and not your medical history, providing you apply for the benefits prior to 120 days after your separation from service. A physical isn’t required to apply for Veterans’ Group Life Insurance. Service members applying for coverage after the 120 day time period allowed will be required to submit evidence of good health.

The Veterans’ Group Life Insurance rates are the same for men and women. Premiums aren’t increased for smokers and you’ll not be excluded for mental health reasons, nor can you be excluded for PSTD or TBI. Your coverage will remain the same unless you stop payments or request a change in coverages.

With no enrollment or membership fees, your full Veterans’ Group Life Insurance coverage amount is effective as soon as you’re approved and your first premium has been paid.

Additional Veteran’s Group Life Insurance information

A full service website provides you with all the information you need to make an informed decision about your Veteran’s Group Life Insurance at your fingertips. For more information you can review their website at

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Date published: March 19, 2010. Last updated: March 21, 2010.

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Ryan Guina is the founder and editor of this site. He is a writer, small business owner, and entrepreneur. He served over 6 years on active duty in the USAF and is currently serving in the IL Air National Guard. He also writes about money management, small business, and career topics at Cash Money Life. You can also see his profile on Google.

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