SGLI to VGLI – Life Insurance After The Military[Watch or Read]

 SGLI Conversion Cons

Service members have another conversion benefit on the SGLI. They have the option of converting it to a whole life insurance policy at standard rates with a participating company.

Whole life insurance is one of the most expensive permanent plans out there. Plus it is offered at standard rates. If a service member is healthy enough and really wants a whole life plan, they can likely get a new one at a preferred rate class which is less expensive. They may want to shop around before committing to this conversion.

As a recap service members exiting the military can either convert their SGLI benefit into a whole life plan or participate in the VGLI program.

Service members often ask “what does SGLI cost after the military?”. The VGLI plan is not competitive for those who are healthy and do not use tobacco products. They can save a lot of money by looking at VGLI alternatives.

To find the best life insurance for military retirees start with an independent broker with lots of companies. They can provide competitive veterans life insurance quotes.


SGLI to VGLI should only be exercised if a service member who is leaving the U.S. Military with an uninsurable or highly rated condition. Otherwise they can save a lot of money by obtaining a plan on the private market.

Separating the service can be a hectic transition! Be sure to make note of important deadlines for the VA insurance benefits and get in touch with a professional like me for advice.

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About Melissa Schreur - Owner & Agent Insure The Heroes

My name is Melissa Schreur. I am a military spouse providing life insurance services over the phone and online across the United States. With my 14 years of experience and access to top rated carriers, I work hard helping my clients find the best life insurance!

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