Yes, military spouses should have their own life insurance. FSGLI provides up to $100,000 for spouses of active-duty members, but additional private coverage is recommended, especially for spouses managing households and children during deployments.
Military spouses play a critical role in family stability, especially during deployments. If something happened to the spouse, the service member would face significant costs for childcare, household management, and other services.
Consider the cost of replacing the spouse's contributions — childcare ($15,000-$25,000/year), household management, transportation for children, and any income they earn. A policy of $250,000-$500,000 is common for military families with children.
Compare rates from top veterans life insurance insurance carriers.
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
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. Read more
The best life insurance for young families is a 20 or 30-year term policy with coverage of 10-12 times the primary earner's income. Term life offers the most coverage at the lowest cost, protecting your family during their most financially vulnerable years. Read more
Compare rates from top veterans life insurance insurance carriers.