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, you’re… 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 »
VA.gov states, “This program stopped taking new applications after December 31, 2022. But if you already have S-DVI, you can keep it.” What follows is for reference purposes only, the Department of Veterans Affairs is not taking new S-DVI applications. Service-Disabled Veterans Insurance Service-Disabled Veterans Insurance (S-DVI) was a Veterans Affairs insurance program that offers… 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 »