Term Veteran Life Insurance
Code NS-4500.9000
Definition A post-separation insurance program administered by the U.S. Department of Veteran Affairs that allows service members to convert their Servicemembers' Group Life Insurance (SGLI) coverage to renewable term insurance, Veterans' Group Life Insurance (VGLI). Members with full-time SGLI coverage are eligible for VGLI upon release from service and have one year and 120 days from the time of discharge to file their application. VGLI coverage is issued in multiples of $10,000 up to a maximum of $400,000. However, a service member's VGLI coverage amount cannot exceed the amount of SGLI they had in force at the time of separation from service. VGLI premiums are based upon the separating member's age. VA also manages life insurance programs for veterans of World War I, World War II and the Korean Conflict and for service disabled veterans of the Vietnam Conflict; and provides mortgage protection life insurance under a group policy for those disabled veterans who are given a VA grant to secure specially adapted housing.
Created 3/10/92
Changed 4/28/15
Use References Life Insurance for Veterans
Veterans' Group Life Insurance
Veteran's Life Insurance
VGLI
See Also References Veteran Benefits Assistance (FT-1000.9000)
Veteran Burial Benefits (NS-1000.9000)
Veteran Compensation and Pension Benefits (NS-1800.9000)
Veteran Education Benefits (HL-8000.1800-900)
Veteran Employment Programs (ND-6500.9200)
Veteran High School Diploma Programs (HH-0500.2500-900)
Veteran Home Loans (BH-3500.3400-900)
Veteran Homes (BH-8400.9000)
Veteran Membership Organizations (TD-1400.9000)
Veteran/Military Health Insurance (NS-8000.9000)
Veteran/Military Hotlines (RP-1500.1400-900)
Veteran Outpatient Clinics (LN-9000)
Veterans Affairs Medical Centers (LL-3000.9000)
Veterans Courts (FC-8200.8100-920)
Veteran Support Groups (PN-8100.4500-850)
Veteran Survivors Benefits (NS-8200.9000)
Veteran Treatment Cards (DF-7000.9100)
External Classification Terms Income Support/Assistance (AIRS IC-330)
Income Support/Financial Assistance (CAN IC-330)
Insurance Providers (NTE Y20)
Life Insurance (NPC Y02.04)
Life Insurance for Veterans (UW 1.2.01.06)
Related Concepts Death and Dying
Financial Services/Benefits
Insurance
Military/Veteran Services
U.S. Services/Targets
Facet Named Programs
Comments
Bibliographic References "VA Life Insurance: Life Insurance Program Descriptions", U.S. Department of Veteran Affairs website, http://www.insurance.va.gov/inforceglisite/generalinfo/brief/select.htm

"Veterans' Group Life Insurance (VGLI)", U.S. Department of Veteran Affairs website, http://www.insurance.va.gov/sgliSite/VGLI/VGLI.htm

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