An in-depth comparison to help you choose the right veterans life insurance insurance carrier.
| Feature | VGLI (Veterans Group Life Insurance) | Private Life Insurance |
|---|---|---|
| Guarantee of Issue | Yes (within 240 days) | No (health-dependent) |
| Premium Structure | Increases every 5 years | Level (fixed for life) |
| Max Coverage | $400,000 | Unlimited |
| Cash Value | None | Available (permanent) |
| Medical Requirements | None | Varies |
| Long-term Cost | Higher (rates increase) | Lower (rates fixed) |
| Coverage Range | $10,000 - $400,000 | $25,000 - $10,000,000 |
| Premium Range | $8 - $200/mo | $15 - $500/mo |
Compare rates from top veterans life insurance insurance carriers.
AM Best Rating: Government-backed | Founded: 1974 | Headquarters: Washington, DC
Coverage: $10,000 - $400,000 | Premiums: $8 - $200/mo
Best For: Veterans with health conditions who need guaranteed coverage.
AM Best Rating: Varies by carrier | Founded: 0 | Headquarters: Various
Coverage: $25,000 - $10,000,000 | Premiums: $15 - $500/mo
Best For: Healthy veterans seeking level premiums and more coverage options.
VGLI is excellent for veterans who need guaranteed issue coverage, but private insurance typically offers better long-term value with level premiums. Many veterans benefit from having both.
Compare rates from top veterans life insurance insurance carriers.