Veterans cannot get a traditional life‑insurance policy directly from the VA, but they can access two VA‑administered programs: Servicemembers' Group Life Insurance (SGLI) while on active duty and Veterans' Group Life Insurance (VGLI) after discharge.
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Servicemembers' Group Life Insurance (SGLI)
SGLI is a low‑cost, term‑life policy provided to active‑duty service members and reservists. Coverage ranges from $50,000 to $400,000, with premiums automatically deducted from pay. The policy is guaranteed‑issue, meaning no medical exam is required, and it remains in force as long as the service member stays eligible.
Veterans' Group Life Insurance (VGLI)
When a service member leaves the military, they may convert SGLI to VGLI within one year (or up to 120 days after discharge for reservists). VGLI offers the same coverage amounts as SGLI, but premiums are based on age and health at the time of conversion, and the policy can be renewed annually for life.
Eligibility and Application
To enroll in VGLI, veterans must submit an application to the VA, provide a medical questionnaire, and pay the first year's premium within 120 days of discharge. Failure to apply within the window means the veteran must seek private life‑insurance options.
Cost Comparison
| Program | Premium Basis | Typical Cost (per $100,000) |
|---|---|---|
| SGLI | Flat rate, no health exam | $0.06 per month |
| VGLI | Age and health‑rated | $2‑$8 per month (varies by age) |
Key Considerations
- VGLI premiums increase with age; buying early can lock in lower rates.
- Both programs are term life; they do not build cash value.
- If VGLI is not chosen, veterans must explore private insurers, which may require medical underwriting.