Veterans Life Insurance: What You Need To Know

Life insurance is an essential consideration for veterans transitioning to civilian life, helping protect their families’ financial future. While Servicemembers’ Group Life Insurance (SGLI) ends after leaving the military, veterans have options such as Veterans’ Group Life Insurance (VGLI), which offers guaranteed coverage without a medical exam if enrolled within 240 days. However, VGLI premiums rise with age, making private insurance a potentially more cost-effective alternative, especially for those in good health.

Comparing VGLI to private policies is crucial, as private insurers may offer level-term plans with lower long-term costs and customizable coverage. Veterans with service-connected disabilities can also explore Service-Disabled Veterans’ Life Insurance (S-DVI) and Veterans’ Mortgage Life Insurance (VMLI) for additional support. Understanding eligibility, benefits and cost comparisons can help veterans choose the best plan for their future on USAA.

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