SGLI is an acronym that stands for Servicemembers’ Group Life Insurance. This insurance is a low-cost insurance option provided by the Department of Veterans Affairs. The federal government purchases group life insurance from “a commercial life insurance company” according to the VA official site. Service members can choose coverage in $50 thousand increments with a… Read more »
Learn about some little known aspects of your Veterans Group Life Insurance (VGLI) coverage. They could save you money!
VGLI Veterans’ Group Life Insurance What Is VGLI Coverage? VGLI is short for Veterans’ Group Life Insurance. It’s a renewable term life insurance policy the VA offers recently separated Servicemembers and Veterans. It allows you to continue the life insurance coverage you had in uniform under the Servicemembers’ Group Life Insurance (SGLI) program. Unlike most… Read more »
Make Sure Your Life Insurance Matches You and Your Family’s Needs? Though money can’t begin to fill the void caused by a death in a family, making sure the financial needs of your loved ones will be met, even in the worst case scenario, will give you peace of mind. When you join the military,… Read more »
Extension of VGLI Application Period The VA has extended the Veterans’ Group Life Insurance (VGLI) application period by 90 days. The extension of the application period ensures all eligible service members and veterans have an opportunity to apply for VGLI despite the widespread upheaval caused by COVID-19. Under the VGLI application period extension, former service… Read more »
Service-Disabled Veterans Insurance Service-Disabled Veterans Insurance (S-DVI) is a Veterans’ Affairs insurance program that offers low-cost coverage to eligible service members. It is available to veterans who have service-connected disabilities. The basic coverage amount is up to $10,000. Can you apply? You can apply for S-DVI if all of the following conditions are true. You:… Read more »
Veterans’ Mortgage Life (VMLI) If you have a service-connected disability that the VA concluded was caused or made worse by your service, you may be eligible for a Veterans’ Mortgage Life Insurance (VMLI) policy. In the event of your death, this insurance can help your family pay off the home mortgage that has been adapted… Read more »
What Is SGLI Coverage? SGLI stands for Servicemembers’ Group Life Insurance. SGLI provides low-cost term life insurance coverage to service members that are eligible. If the service member is eligible, they are automatically issued the maximum in SGLI coverage. They are automatically enrolled and will not have to apply. Service members can however decline the… Read more »