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Veterans Group Life Insurance. Itâs important to consider which life insurance policy is best to ensure your familyâs financial security. When you separate from the military you have the option to convert your SGLI benefit over to VGLI. But, you have a limited time frame after separation to do so â 1 year and 120 days to be exact.
I think VGLI is an expensive policy. If you are still young (under 40 or so) you can get great Term polices for for alot cheaper. VGLI is a good policy if you have a medical problem that the commerical companies would not insure you for. You just have to remember the older you get the more $$$ it will cost you.