You have 240 days (about 8 months) after separation to convert SGLI to VGLI without evidence of health. After 240 days, you can still apply within 1 year and 120 days with evidence of good health.
When you separate from military service, your SGLI coverage ends 120 days after your last day of service. Here is how to convert:
Apply online at the VA website or call the OSGLI office. You will need your DD-214, service dates, and current SGLI coverage amount. Coverage amounts available match your SGLI amount up to $500,000.
Before converting, compare VGLI rates to private insurance. For healthy veterans under 50, private policies are almost always cheaper. Convert to VGLI as a safety net, then replace it with a private policy once approved. We can help you compare options before your conversion deadline.
Compare rates from top veterans life insurance insurance carriers.
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
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
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. Read more
Compare rates from top veterans life insurance insurance carriers.