For veterans
VGLI gets more expensive every five years.
It's the easy choice when you get out. Here's what it costs as you age, straight from the VA's own rate table, and what else you can do about it.
VGLI · $500,000 of coverage · monthly premium by age
Same coverage. Watch the bill.
- $30Age 29 and younger
- $40Age 30 to 34
- $50Age 35 to 39
- $70Age 40 to 44
- $95Age 45 to 49
- $145Age 50 to 54
- $250Age 55 to 59
- $425Age 60 to 64
- $690Age 65 to 69
- $1,075Age 70 to 74
- $1,925Age 75 to 79
- $2,200Age 80 and older
At 60, you'd pay more than 10 times what you paid at 30. At 80, $2,200 a month.
The clock starts the day you leave.
- The day you leave
SGLI keeps covering you, free.
- Day 120
Free SGLI coverage ends.
Up to 2 years if you're totally disabled when you leave.
- Day 240
Last day to get VGLI with no health review.
- 1 year and 120 days
Last day to apply for VGLI at all.
Apply after day 240 and expect health questions.
Three ways to stay covered.
Any of these can be the right call. Which one depends on your age, your health, and what you want left behind.
Keep VGLI.
No health review if you apply inside 240 days of leaving. It can be the right call for a while. But it's term insurance, so it never builds cash value, and the bill keeps rising with age.
Convert VGLI to whole life.
The VA says you can switch VGLI to a permanent policy, such as whole life, at any time through participating companies: no medical exam, standard premium rates. It can't be term, variable, or universal life. I'll check whether the companies I write for are on the VA's list.
Get your own policy.
Whole life, an IUL, or final expense, priced on your age and health today. Whole life and final expense lock the price for life. It costs more up front than VGLI at a young age, and it's yours outright, with cash value.
Conversion facts: VA, VGLI page.
From one veteran to another.
I'm a Marine Corps veteran, so I've sat where you're sitting. I believe a lot of veterans can do better for the long haul. I'll run all three with your numbers, and if keeping VGLI is your best move, I'll tell you that too.
Compare my VGLIPut your VGLI next to the alternatives.
Leave your name and number, and have your VGLI statement handy if you've got one. I'll call you back and walk you through it. Talking costs nothing.
Rather talk now? Call (936) 201-9836