Life Insurance Options offered by the VA provide veterans, service members, and their families with financial protection and peace of mind. The VA's life insurance programs are designed to meet the unique needs of those who have served, offering coverage that may not be available through private insurers due to service-related disabilities or other factors.

Key programs include:

• Servicemembers' Group Life Insurance (SGLI): Provides low-cost term life insurance coverage up to $400,000 for active-duty members, reservists, and National Guard members. Coverage is automatic unless declined and includes Traumatic Injury Protection (TSGLI), which provides short-term financial assistance to severely injured service members.
  • Veterans' Group Life Insurance (VGLI): Allows veterans to convert their SGLI coverage to renewable term life insurance after separation from service, ensuring continuous coverage without the need for a medical exam if applied for within 240 days of discharge.
  • Service-Disabled Veterans' Insurance (S-DVI): Offers life insurance to veterans with service-connected disabilities, providing up to $10,000 in coverage. Veterans who are totally disabled may be eligible for a premium waiver and can apply for supplemental coverage up to $30,000.
  • Veterans' Mortgage Life Insurance (VMLI): Provides mortgage life insurance to severely disabled veterans who have received a SAH grant, paying up to $200,000 to cover the mortgage in the event of the veteran's death.
  • Family Servicemembers' Group Life Insurance (FSGLI): Offers life insurance coverage for spouses and dependent children of service members insured under SGLI.

Veterans can manage their policies online through the VA’s Insurance portal, which allows for premium payments, beneficiary updates, and coverage adjustments.

By securing life insurance through the VA, veterans and their families can ensure financial stability in the face of unforeseen events, providing funds to cover expenses like mortgage payments, education costs, and daily living expenses, thus safeguarding their loved ones' futures.

‍