Life Insurance

Service Members’ Group Life Insurance (SGLI)

Service Members’ Group Life Insurance (SGLI) is low-cost life insurance for service members (active duty and reservists). It is available in $50,000 increments up to a maximum of $400,000. SGLI coverage begins when you enter service or change duty status and expires 120 days after you get out of the service. Totally disabled members can apply for up to two years of free SGLI coverage following discharge.

Veterans’ Group Life Insurance (VGLI)

Veterans’ Group Life Insurance (VGLI) is lifetime renewable term life insurance for veterans. It is available in $10,000 increments up to $400,000 but not for more than the amount of SGLI coverage you had in force at the time of your separation from service. Premiums are age-based and if you apply within 120 days following separation, no health questions are asked. Thereafter, you have one year to apply but must be in good health. Those on the two-year disability extension are automatically converted to VGLI at the end of the two-year period.

Family Service Members’ Group Life Insurance (FGLI)

Family Service Members’ Group Life Insurance (FGLI) is life insurance that automatically covers the spouse and children of service members insured under SGLI. Spousal coverage is available up to a maximum of $100,000, but may not exceed the service member’s coverage amount. Dependent children are covered for $10,000 for which there is no cost.

Traumatic Injury Protection Under Service Members’ Group Life Insurance (TSGLI)

Traumatic Injury Protection under Service Members’ Group Life Insurance (TSGLI) is a traumatic injury protection rider under Servicemembers’ Group Life Insurance (SGLI) that provides for payment to any member of the uniformed services covered by SGLI who sustains a traumatic injury that results in severe losses. TSGLI is retroactive for members who sustain a qualifying loss as a direct result of injuries incurred on or after October 7, 2001, through November 30, 2005, in Operation Enduring Freedom or Operation Iraqi Freedom, regardless of whether they had SGLI coverage. TSGLI pays a benefit of between $25,000 and $100,000 depending on the loss directly resulting from the traumatic injury. In order for a veteran to qualify for a TSGLI payment, they must have incurred a qualifying loss as a result of a traumatic event that occurred while they were in service.

Service-Disabled Veterans Insurance

Service-Disabled Veterans Insurance, also called "RH" insurance, is life insurance for veterans who receive a service-connected disability rating of 0% or more from the Department of Veterans Affairs. S-DVI provides a maximum of $10,000 of basic coverage. If your premium payments for the basic policy are waived due to total disability, then you may be eligible for a supplemental policy of up to $20,000. You must apply within two years from the date you are notified of your service-connected disability for basic coverage.

Veterans Mortgage Life Insurance (VMLI)

Veterans Mortgage Life Insurance (VMLI) is a life insurance program that provides coverage on the home mortgages of severely disabled veterans who receive a Specially-Adapted Housing grant. VMLI provides a maximum of $90,000 of mortgage insurance payable directly to the mortgage lender for an outstanding mortgage. Coverage is available on new, existing, refinanced, and second mortgages.