Active-duty service members get free SGLI coverage up to $400,000. After separation, free coverage ends and veterans must pay for VGLI or private insurance. Veterans with service-connected disabilities may qualify for free S-DVI coverage.
While on active duty, service members receive Servicemembers Group Life Insurance (SGLI) at very low cost — $25/month for $400,000 in coverage, which is essentially subsidized. Full-time National Guard and Reserve members are also eligible.
Free SGLI coverage continues for 120 days after separation. After that, you must either convert to VGLI (at your own cost) or obtain private life insurance.
While truly free coverage is limited, veterans have access to many programs and carriers that offer favorable rates in recognition of their service.
Compare rates from top veterans life insurance insurance carriers.
VGLI is a government-backed life insurance program that allows veterans to convert their SGLI coverage after leaving military service. It offers guaranteed issue coverage up to $400,000 with no medical exam but premiums increase every 5 years. Read more
Top carriers for veterans include USAA (military exclusive), Navy Federal partner carriers, Mutual of Omaha (veteran-friendly underwriting), and Protective Life (competitive rates). The best company depends on your health, disability status, and coverage needs. Read more
Yes, veterans with VA disability ratings can get life insurance. VGLI is available regardless of disability. Many private carriers also insure disabled veterans. Veterans with service-connected disabilities may qualify for S-DVI with waived premiums. Read more
Compare rates from top veterans life insurance insurance carriers.