VA Life Insurance
Injuries or medical conditions from service may make it difficult or even impossible for Veterans to obtain private life insurance. But VA offers life insurance programs that do not look at service-connected disabilities (and in some cases any disabilities) during the eligibility process.
These programs include:
1. Veterans’ Group Life Insurance (VGLI) – Provides group term life insurance coverage to separating service members who had Servicemembers’ Group Life Insurance (SGLI) at separation. Veterans must apply within one year and 120 days of separation. Veterans with disabilities are encouraged to apply within the first 240 days after separation during which VA does not consider any health conditions as part of the application process.
2. Servicemembers’ Group Life Insurance Disability Extension (SGLI-DE) – Provides two years (from the date of separation) of free group term life insurance coverage for separating service members with SGLI who are totally disabled and unable to work. Veterans must apply within two years of separation.
3. Service-Disabled Veterans’ Insurance (S-DVI) – Provides life insurance coverage to Veterans who have been rated for a new service-connected disability within the last two years (not an increase in a previously rated condition).
4. Veterans’ Mortgage Life Insurance (VMLI) – Provides insurance protection designed to pay the balance of an outstanding mortgage up to $200,000. Severely disabled service members and Veterans who have been granted a VA Specially Adapted Housing (SAH)/Special Housing Adaption (SHA) grant are eligible.
VA life insurance programs require Veterans to apply for the coverage – it is not automatic. Visit Explore.VA.gov to learn about VA benefits and how to apply, or click here for more on VA life insurance.