Most financial advisors recommend 10-15 times your annual income in life insurance coverage. For veterans, consider your VA disability income replacement, outstanding debts, family needs, and any existing SGLI/VGLI coverage.
The right amount of life insurance depends on your unique situation. Here is how to calculate it:
A veteran earning $60,000/year with a $250,000 mortgage and two children might need: ($60,000 × 12) + $250,000 + $200,000 (college) + $15,000 (funeral) - $400,000 (SGLI) = $785,000 in total coverage.
We provide free needs analysis to help veterans determine exactly how much coverage they need. Contact us to get started.
Compare rates from top veterans life insurance insurance carriers.
Veterans can access SGLI (active duty), VGLI (post-service), VA disability-based insurance, and private market policies. Private policies often offer better rates and coverage than government options for healthy veterans. Read more
Private life insurance is usually better than VGLI for healthy veterans. VGLI rates increase every 5 years and become very expensive after age 50. Private policies lock in your rate and often cost 40-60% less than VGLI. 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
Compare rates from top veterans life insurance insurance carriers.