Military service members and veterans have access to unique life insurance programs, but understanding the full range of options — both government and private — ensures you and your family have optimal coverage.
From SGLI to private policies, military families have more choices than many realize.
SGLI and VGLI
Servicemembers’ Group Life Insurance (SGLI) provides up to $500,000 in coverage at very low group rates while on active duty. Veterans’ Group Life Insurance (VGLI) allows you to convert your SGLI to renewable term coverage after separating from service, though rates increase with age.
VGLI requires no medical exam, making it valuable for veterans with service-connected health conditions.
Private Insurance as a Supplement
While SGLI provides a solid base, $500,000 may not be enough for families with mortgages, multiple children, or higher incomes. Private life insurance can supplement government coverage and often offers competitive rates for healthy veterans.
Private policies are portable and not tied to your military status, providing stable long-term protection.
Special Considerations for Military Families
Frequent relocations, deployments, and the unique risks of military service all affect your life insurance planning. Most private insurers cover active-duty military, including deployment to combat zones, though some may add war exclusion clauses or charge higher premiums.
Review your coverage before each deployment to ensure your family is fully protected.