SGLI to VGLI Life Insurance Guide

Life insurance is the benefit veterans most often mishandle during transition. The 240-day window to convert SGLI (Servicemembers Group Life Insurance) to VGLI (Veterans Group Life Insurance) without a medical exam is one of the most valuable insurance opportunities you will ever have — and most veterans miss it or underestimate it.

SGLI: What You Had on Active Duty

SGLI provides up to $500,000 in coverage at a flat rate of $0.06 per $1,000 per month ($30/month for $500,000). This rate is available regardless of health status. SGLI coverage automatically ends 120 days after separation (with free coverage for the first 120 days). After 120 days, you must have VGLI or private coverage in place.

The 240-Day VGLI Window

Within 240 days of separation, you can convert your SGLI to VGLI without any medical underwriting. This means pre-existing conditions, combat injuries, PTSD, and chronic health issues cannot be used to deny coverage or increase rates. After 240 days, you must answer health questions and can be denied or rated up based on medical history.

VGLI Cost vs Private Insurance

For healthy veterans under 35, a private term life policy often costs less than VGLI. For veterans with health conditions, VGLI may be the only affordable option. Compare both before deciding — but always secure the VGLI within 240 days as your backstop.

The Smart Strategy