- by C.C.
Active-duty Servicemembers’ Group Life Insurance can convert to Veterans’ Group Life Insurance upon discharge. Premiums are as low as 80 cents a month, but the crucial difference between VGLI and non-VA life insurance is that rates are based only on age — they do not increase if a vet is a smoker or has other health conditions, physical or mental.
It stays in effect as long as premiums are paid, with benefits including free lifetime access to financial counseling and will-preparation services.
There’s a separate program for disabled vets, and totally disabled veterans get a two-year extension of SGLI when they separate from the service.