Table of Contents1 What happens to military death benefits and the SGLI?2 What death benefits are put on hold during these shutdowns?3 $100,000 Death Gratuity Pay Outs4 SGLI Service Members Group Life Insurance Status5 Conclusion What happens to military death benefits and the SGLI? Military families are resilient and can
VGLI Premium Rates VS Alternatives
The good news is that service members who are shopping for life insurance after retirement or separation can often find a better price than the VGLI insurance rates. Even if they have a medical condition. While private life insurance companies all have similar requirements for common health issues, there are some that provide more favorable rates than others. Working with an independent life insurance professional who has several companies to offer can save a veteran time and money. They will be able to assess which company has the best chance of approval and best price point.
Shopping to see if a veteran can beat the VGLI rates is a worth while cause! It can save them a lot of money in the long run.
Is VGLI a Good Deal?
The Veterans Group Life Insurance program can end up being a good deal for a veteran who has an uninsurable or highly rate-able health condition. That is why it is important for service members who are transitioning to look at their life insurance needs within the suggested time frames. If they put it off they can end up paying for it big time. Service members who are healthy should not consider this plan and find one on the private market to avoid overpaying for coverage. Service members who aren’t sure if their mental or physical health issues are uninsurable should check with an experienced professional for guidance.
As a practicing broker I can assist veterans compare their life insurance options.
Life insurance for active military with hazardous occupations or deployment orders Life insurance for active military whom have a hazardous occupation or pending deployment orders is actually attainable. Families should make certain that the proper life insurance coverage is in place. There are several military friendly companies that can provide
Mental Health & The Military We all knew what we were getting into, right? Isn’t that what most people tell us when we are venting about how tough things are? The thing is most of us(service members, spouses & veterans) really didn’t. Not that we aren’t committed to the mission
SGLI Spouse Supplemental Coverage The FSGLI offers a low cost policy for spouses when the family is in the military. It is a plan I recommend all spouses take advantage part in. However, spouses should make it a priority to purchase additional life insurance. They do not have the same
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
VGLI Premium Rates VS Alternatives The good news is that service members who are shopping for life insurance after retirement or separation can often find a better price than the VGLI insurance rates. Even if they have a medical condition. While private life insurance companies all have similar requirements for common