VA - Life Insurance - Veterans' Group Life Insurance (VGLI)
Program Description
VGLI is a program of post-separation insurance that provides for the conversion of SGLI to renewable term coverage.
VGLI provides up to a maximum of $400,000 of insurance coverage, and is issued in $10,000 increments up to the amount of SGLI the member had in force at the time of separation. VGLI premiums are based upon the separating member's age.
VGLI is convertible at any time to an individual commercial life insurance policy with any one of the participating commercial insurance companies.
To obtain VGLI, an eligible member must submit an application to the Office of Servicemembers' Group Life Insurance with the required premium during the 120 days following separation. An application can still be submitted for up to one year after SGLI coverage terminates; however, during that period, evidence of good health must be submitted).
General Program Requirements
In order to qualify for this benefit program you must belong to one of the following groups of separating service members:
- Members on active duty insured under SGLI who are being released from active duty
- Members of the Ready Reserves insured under SGLI who are separated, retired, or released from assignment
- Members who are assigned to the IRR of a branch of service or to the Inactive National Guard (ING). This includes members of the United States Public Health Service Inactive Reserve Corps (IRC)
- Members who have part-time SGLI and who, while performing duty, suffer an injury or disability, which renders them uninsurable at standard premium rates. This includes travel directly to and from duty.
