SGLI insured have two options available to them upon release from service. They can convert their full-time SGLI coverage to term insurance under the Veterans’ Group Life Insurance program or to a permanent plan of insurance with one of the participating commercial insurance companies. Military members may purchase a SGLI policy through military pay deduction. It is currently limited to $250,000 (since 1 April 2001). See Service Members Get More Life Insurance Coverage.
For more information see SGLI information on-line at http://www.insurance.va.gov.
You may find general information about SGLI on the SGLI page of the Department of Veteran’s Affairs web site.
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Right-click on the hyperlink and choose “save target as…”
to download the SGLI-VGLI Handbook. |
Remember, how much life insurance you need depends on your personal situation.
For more information, contact the Office of Service Members’ Group Life Insurance (OSGLI) at (800) 419-1473 or email [email protected].
