Life Insurance for Veterans
As a veteran, you may have had SGLI coverage during service that converted to VGLI after separation. But VGLI rates increase every 5 years and may not provide enough coverage. Private life insurance often offers better value.
Why Veterans Should Consider Private Life Insurance
VGLI (Veterans Group Life Insurance) is a convenient option, but it's not always the best value. VGLI premiums increase every 5 years and can become very expensive after age 50. A private term or whole life policy often provides more coverage at a lower cost, with premiums that stay level for the life of the policy.
Private policies often beat VGLI rates, especially for healthy veterans under 50.
Lock in a rate that never increases, unlike VGLI's 5-year rate hikes.
VGLI caps at $400,000. Private policies offer $1M+ in coverage.
Some carriers offer preferred rates for veterans with honorable discharge.
Who is this best for?
- Recently separated service members losing SGLI coverage
- Veterans currently on VGLI who want better rates
- Disabled veterans seeking guaranteed issue options
- Military families wanting to supplement existing VA benefits
Did you know?
VGLI premiums for a 45-year-old veteran can be 2–3 times higher than a comparable private term policy. Comparing options could save you thousands over your policy's lifetime.