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Life InsuranceServicemen's Group Life Insurance (SGLI) is a low-cost term life insurance for service members and reservist. Generally, coverage begins when you enter the service. It is available in amounts up to $200,000. Generally, it expires 120 days after you leave the service. Veterans Group Life Insurance (VGLI) is renewable five-year term life insurance for veterans. It is available in amounts up to $200,000. You may apply any time within one year from the date your SGLI expires. Service-disabled Veterans Insurance, also called "RH" Insurance, is life insurance for service-disabled veterans. The basic coverage is $10.000. If your premium payments for the basic policy are waived, you may be eligible for a supplemental policy of up $20,000. Generally, you have 2 years after being notified of your service-connected disability to apply for basic coverage. |