VGLI vs Civilian Life Insurance

GMV Solutions Helps Veterans Make the Right Choice in Life Insurance.

As a veteran, securing your family’s financial future is a top priority. But choosing the right life insurance plan can be overwhelming. Should you stick with Veterans’ Group Life Insurance (VGLI), or explore civilian life insurance options?

Every veteran’s situation is unique. I specialize in helping former servicemembers find the right fit—whether that’s VGLI, civilian coverage, or a hybrid approach.

What Is VGLI?

Veterans’ Group Life Insurance (VGLI) is a life insurance program offered by the Department of Veterans Affairs (VA). It allows you to continue the coverage you had under Servicemembers’ Group Life Insurance (SGLI) after separating from military service.

Key Features:



• Renewable term insurance
• Coverage from $10,000 to $500,000 (in $10,000 increments)
• Guaranteed acceptance if you apply within 240 days of discharge (no medical exam required)
• Available for life, as long as you continue to pay premiums
  

Civilian Life Insurance: A Competitive Alternative

Civilian life insurance—offered by private carriers—includes a broader range of products and price points. These plans can be tailored to your needs, health status, and long-term goals.

Options Include:

• Term Life Insurance: Often cheaper than VGLI, especially for healthy individuals under age 60.
• Whole Life or Universal Life: Permanent policies that can build cash value and provide lifelong coverage.
• Custom Riders: Add features like critical illness, waiver of premium, or child coverage.
  

Which One Is Right for You?

Choose VGLI if:



• You have health conditions that might limit private insurance.
• You want simplicity with no medical exams.

Choose Civilian Life Insurance if:

• You’re in good health and want to save money.
• You need permanent protection or plan to build wealth.
• You want to lock in predictable, long-term premiums.