Separating from Service? Don't Lose Your Coverage
You have 240 days to convert SGLI to VGLI — but is that your best option?
When you separate from military service, your SGLI coverage ends after 120 days. You can convert to VGLI (Veterans' Group Life Insurance) within 240 days — but VGLI rates increase every 5 years and can become expensive. Private coverage may offer better long-term value with rates locked at your current age.
240-Day Window
Convert SGLI to VGLI within 240 days of separation
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VGLI rates increase every 5 years — private rates can be locked
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Frequently Asked Questions
What happens to SGLI when I separate from the military?
SGLI coverage continues for 120 days after separation at no cost. After that, it ends unless you convert to VGLI or purchase private coverage. You have 240 days from separation to apply for VGLI without health evidence.
Is VGLI worth it?
VGLI provides guaranteed coverage without health questions (within the 240-day window), which is valuable. However, VGLI premiums increase every 5 years as you age. For healthy veterans, private coverage with locked-in rates may be more cost-effective long-term.
Can I have both VGLI and private life insurance?
Yes. Many veterans keep VGLI for its guaranteed coverage and supplement with private insurance for additional protection or locked-in rates.
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