Click Here to Start a New Search

Military Life Insurance

Code: NS-4500.5000

A program administered by the U.S. Department of Veteran Affairs that provides low cost group life insurance for service members on active duty, ready reservists, members of the National Guard, members of the Commissioned Corps of the National Oceanic and Atmospheric Administration and the Public Health Service, cadets and midshipmen of the four service academies, and members of the Reserve Officer Training Corps. Servicemembers’ Group Life Insurance (SGLI) coverage is available in $50,000 increments up to the maximum of $400,000. Service members with SGLI coverage 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 (VGLI) program or convert to a permanent plan of insurance with one of the participating commercial insurance companies. SGLI is a group life insurance policy purchased by VA from a commercial life insurance company.

See Also: