Life Insurance for Military
What is the best life insurance for active military?
Active military have access to SGLI (Servicemembers Group Life Insurance) through the military. SGLI provides up to $500,000 of coverage. When leaving the military, SGLI can be converted to VGLI. Private life insurance may offer better rates for non-combat roles.
Key Points
- SGLI: available to active military — up to $500,000 coverage
- SGLI premium: $0.06/month per $1,000 of coverage
- Convert SGLI to VGLI when leaving the military
- Private life insurance: may offer better rates for non-combat roles
- An independent agent can compare SGLI vs. private life insurance for military