Servicemembers’ Group Life Insurance (SGLI) provides up to $500,000 in coverage during active duty — but the moment you separate or retire from the military, that protection ends. Veterans’ Group Life Insurance (VGLI) is available as a continuation, but premiums increase significantly every five years as you age, making it one of the most expensive long-term options available to veterans.
At Coverage4Veterans, we specialize in identifying and closing the coverage gap that exists between your military service and your civilian life. We help transitioning veterans and retirees replace or supplement their SGLI and VGLI coverage with private life insurance policies that offer better rates, locked-in premiums, and lifetime protection — ensuring your family is never left exposed, not even for a single day between policies.
A: Your SGLI coverage ends 120 days after you separate or retire from active duty. After that, you have the option to convert to VGLI within 1 year and 120 days of separation — but VGLI premiums increase every 5 years based on your age. Without a private policy in place, many veterans find themselves either uninsured or paying far more than necessary as they get older.
A: For younger veterans in good health, private life insurance is almost always significantly cheaper than VGLI. VGLI has no medical underwriting — which means healthy veterans end up subsidizing higher-risk applicants through their premiums. A private policy locks in your rate based on your individual health at the time of enrollment, often saving veterans hundreds of dollars per year in premiums.
A: Absolutely. Many veterans choose to carry both — maintaining VGLI for its flexibility while adding a private term or whole life policy for better long-term value. Our advisors will review your current VGLI coverage, compare it against private options, and help you decide whether replacing, supplementing, or transitioning entirely makes the most financial sense for your family.
