Can i get veterans life insurance

Figuring out your own life insurance plan is one of the challenges. The U. Department of Veterans Affairs offers life insurance benefits for veterans, as it does for active duty military. But VA life insurance policies aren't your only option. In some cases, buying coverage on your own may be your best bet. Veterans generally can convert that coverage to Veterans' Group Life Insurance within one year and days of leaving active service. VGLI is a type of term life policy that stays in force as long as you pay the premiums.

The amount of coverage you can get is based on the amount of SGLI coverage you have. Veterans with disabilities can also apply for a two-year extension of SGLI benefits. And if you suffer a terminal illness, you may receive up to half of your life insurance benefit to pay for treatment and final expenses.

VGLI coverage may be a good option if you have a medical issue. You can qualify for VGLI coverage regardless of your health if you apply quickly after leaving the military. Plus, VGLI coverage can be less expensive than some private options that skip the medical exam, such as guaranteed issue life insurance.

However, guaranteed issue premiums typically stay the same throughout your entire life, while premiums for VGLI coverage increase over time. Whether you can find cheaper coverage elsewhere, want a policy that can build cash value , or need more than VA life insurance offers, you may decide to buy your own individual policy after you leave the military.

Department of Affairs. Accessed June 7, Content within this article is for informational purposes and does not constitute legal, tax or accounting advice regarding any specific situation.

Coverage may not be available in all states. Optional riders may be available at an additional cost. For complete details, including availability and costs, please contact your local Aflac agent. Aflac coverage is underwritten by Aflac.

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File a Claim. Products Products. In order to qualify for S-DVI, you must be a Veteran of the uniformed services who meets the following criteria:.

To complete an application online, visit our Automated Forms website. First time users must register to use the site. For more information, visit our Service-Disabled Veterans Insurance webpage. To apply for additional benefits and view your benefit status, open an eBenefits Premium account. With a free Premium level eBenefits account, Veterans, Servicemembers and their family members can conduct self-service transactions such as checking compensation and pension claim status information, enrolling in GI Bill, and obtaining copies of civil service preference letters, military records DD , and other personal information.

For further information and to register for a free Premium level account, visit the eBenefits website. If you or a family member have been discharged from active military duty, what was the discharge status of the individual? For additional information on this benefit or to contact the program, please see below.

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