Life Insurance
Posted : Thursday Nov 30, 2006 18:13:34 EST
VA life insurance. The Servicemembers Group Life Insurance (SGLI) Disability Extension allows service members who are totally disabled at the time of discharge to retain their SGLI coverage at no cost for up to one year. Members must apply for this benefit.
Veterans Group Life Insurance (VGLI) is post-separation insurance that allows service members to convert their SGLI coverage to renewable term insurance. Members can convert to VGLI without proof of good health within 120 days of separation, or for up to one year after the 120-day period with proof of good health.
VGLI coverage is limited to the maximum amount of SGLI the member had upon discharge or separation. The veteran must complete an application and choose the amount of coverage.
VGLI provides five-year renewable term life insurance and is issued in amounts of $10,000 to $400,000, subject to the maximum amount of SGLI coverage the service member had while in the Ready Reserve. All service members who separate on or after Sept. 1, 2005, with SGLI coverage greater than $250,000 can now apply for VGLI at the higher level.
The Emergency Supplemental Approp-riations Act for Defense, the Global War on Terror and Tsunami Relief Act of 2005 (Public Law 109-13) increased the death gratuity for survivors of service members killed in action and the SGLI coverage for service members deployed to designated combat zones.
This immediate cash payment of $100,000 is for survivors of those who have died in hostile action, in designated combat operations or combat zones, or while training for combat or performing hazardous duty. The supplemental also increased the maximum amount of SGLI coverage from $250,000 to $400,000 for all service members effective Sept. 1, 2005, and provides that the department will cover the cost of premiums of up to $150,000 of SGLI coverage for service members deployed in designated combat zones.
Leave a Comment
Most Viewed Stories
- P-8A makes debut in Bold Alligator exercise
- Owner of troubled uniform store arrested
- Marine scout snipers used Nazi SS logo
- 8 reserve captains nominated for first star
- DoD to recommend new combat roles for women
- Navy probes site of 200-year-old shipwreck
- Top enlisted fired over relationship with mid
- New sub’s commissioning moved to Pascagoula
- The ‘Stan: An officer’s unvarnished view
- Ala. panel: Military ID can prove citizenship
- Nimitz sailor from Texas killed in Seattle
- Tricare pharmacy merger worries lawmakers
Contests and Promotions
Enter our 2012 Red Carpet Contest!
Predict who will get the statues on Hollywood's big night and win a $200 Fandango Gift Card!
Click Here To Enter.
Win Tactical Night Vision Goggles!
Enter to Win the Military Times Sweepstakes!
Click Here To Enter.
Free Stickers
Click here and we'll send you a FREE AFGHANISTAN, IRAQ, VIETNAM, or DESERT STORM sticker.
Marketplace
Mil-Mall
2011 Insider's Guide To Military BenefitsThis handbook for military life includes essential information on pay and benefits, housing, education, health care and more.
Military Discounts
Save on your purchases!
In honor of your military service, you can find regular and name brand products at a special discount.






