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Veterans Guide to VA Insurance Benefits

1. VA Life Insurance

1.1. Overview

Over the years the VA has offered a number of different life insurance plans.  Some of these plans are still open for enrollment while others are closed to new enrollees. 

As a general rule if you have questions regarding VA life insurance you should visit the VA's insurance website at www.insurance.va.gov or call VA's Insurance Center toll-free at 1-800-669-8477.  Specialists are usually available between the hours of 8:30 a.m. and 6 p.m., Eastern Time, to discuss premium payments, insurance dividends, address changes, policy loans, naming beneficiaries and reporting the death of the insured.

When contacting the VA regarding an insurance matter if the insurance policy number is not known, use whatever information is available, such as the veteran's VA file number, date of birth, Social Security number, military serial number or military service branch and dates of service to:

Department of Veterans Affairs Regional Office and Insurance Center

Box 42954

Philadelphia, PA 19101

1.2. Dividend Rumors

During the past fifty years or so there have been a number of insurance dividend rumors.  The most prevalent and longest lasting rumor of all is the "special dividend" rumor.

Rumors that Congress approved a "Special Dividend" for veterans who do or do not have Government life insurance have been spread for over 30 years.  These rumors are false.  The only dividends being paid by VA are on active Government life insurance policies.  Dividends on active policies have been paid annually for many years and policyholders do not need to apply for them.  "Special Dividend" rumors are spread by well-meaning people who want to help veterans but fail to check out their sources before passing the information along to others.

Notices such as the sample shown below have appeared in veterans' magazines, union newspapers, fraternal publications, newspapers and every other publication imaginable and of course on the internet.  The hoax has appeared in many forms and seems to change to fit the times.  It started in the 1960's as a rumor about veterans with WW II insurance.  More recently, it has been adapted to state that a dividend is being paid on Servicemembers' Group Life Insurance (SGLI) or Veterans' Group Life Insurance (VGLI) coverage.  VA has done everything possible to stamp out the rumor but it still persists.

You can help by returning the false information you received to its source and telling whoever gave it to you that you know for certain there is no such dividend.  If you have any questions about this hoax, or any other matter related to veterans issues please don't hesitate to contact the VA at the above telephone number and address.

2. Servicemembers Group Life Insurance (SGLI)

2.1. Servicemembers Group Life Insurance (SGLI)

SGLI is a program that provides low-cost term life insurance coverage to eligibleservicemembers.  If eligible, you are automatically issued the maximum SGLI coverage.  If you qualify for SGLI, you are automatically enrolled and do not need to apply for coverage.

Servicemembers can make changes to their SGLI coverage.  For example, servicemembers can decline SGLI coverage, select a lesser amount than maximum coverage, designate beneficiaries, and/or make other changes.

Servicemembers' Group Life Insurance (SGLI) Forms

FormDescription
SGLV 8286
Servicemembers' Group Life Insurance Election & Certificate
 
Use this form to:
  • reduce or decline SGLI coverage
  • designate or update the beneficiary on a SGLI policy
  • restore or increase SGLI coverage when it has previously been reduced or declined
SGLV 8286S
Servicemembers' Group Life Insurance
Supplemental SGLI Beneficiary Form
Use this form as a continuation to SGLV 8286 to designate additional SGLI beneficiaries.
SGLV 8285
Request for Insurance
 
This form has been replaced by SGLV 8286 and should no longer be used.

SGLV 8283-Beneficiary

SGLV 8283-Casualty Officer
Beneficiary Claim for Death Benefits (SGLI/VGLI)
 

 

Use this form to claim SGLI or VGLI proceeds for a deceased policyholder.
SGLV 8284
Servicemember/Veteran Accelerated Benefits Option Form
Use this form to request an advance insurance payment for a Servicemember or Veteran that is terminally ill.
SGLV 8715
Application for SGLI Disability Extension
Use this form to apply for a free extension (up to two years) of SGLI coverage if you are a totally disabled at time of discharge.

2.2. Eligibility

You are automatically insured under full-time SGLI if you are one of the following:

  • Active duty member of the Army, Navy, Air Force, Marines, or Coast Guard
  • Commissioned member of the National Oceanic and Atmospheric Administration (NOAA) or the U.S. Public Health Service (USPHS)
  • Cadet or midshipman of the U.S. military academies
  • Member, cadet, or midshipman of the Reserve Officers Training Corps (ROTC) engaged in authorized training and practice cruises
  • Member of the Ready Reserve or National Guard and are scheduled to perform at least 12 periods of inactive training per year
  • Servicemember who volunteers for a mobilization category in the Individual Ready Reserve (IRR)

2.3. Coverage

SGLI coverage is available in $50,000 increments up to the maximum of $400,000.  Covered members receive 120 days of free coverage from their date of separation.  Coverage can be extended for up to two years if the servicemember is totally disabled at separation.  Part-time coverage is also provided to Reserve members who do not qualify for full-time coverage (members covered part-time do not receive 120 days of free coverage).

If you are totally disabled at the time of separation (unable to work), you can apply for the SGLI Disability Extension, which provides free coverage for up to two years from the date of separation.  At the end of the extension period, you automatically become eligible for VGLI, subject to premium payments.

2.4. Cost/Rates

If you have SGLI coverage, you pay a monthly premium that is automatically deducted from your base pay.  The current basic SGLI premium rate is 6.5 cents per $1,000 of insurance.  The premium includes an additional $1.00 per month for Traumatic Injury Protection coverage (TSGLI).

2.5. SGLI Premium Rates

Coverage Amount

Monthly premium rate

TSGLI Premium

Total Monthly Premium Deduction

400,000

$26.00

$1.00

$27.00

350,000

$22.75

$1.00

$23.75

300,000

$19.50

$1.00

$20.50

250,000

$16.25

$1.00

$17.25

200,000

$13.00

$1.00

$14.00

150,000

$9.75

$1.00

$10.75

100,000

$6.50

$1.00

$7.50

50,000

$3.25

$1.00

$4.25

To assess your life insurance needs and determine if you have enough coverage, you can use VA's Insurance Needs Calculator (http://www.benefits.va.gov/insurance/resources_tools_lifeInsNeedsCalc.asp).

2.6. Converting SGLI to VGLI

You must apply to convert SGLI to VGLI within one year and 120 days from discharge. Veterans who submit their application within 240 days of discharge do not need to submit evidence of good health, while those who apply more than 240 days after discharge are required to answer questions about their health.

2.7. Converting SGLI to Commercial Policy

Servicemembers covered under the SGLI program have the option to convert their SGLI coverage to an individual policy of insurance within 120 days from the date of separation from the military.

2.8. Making Changes to SGLI Coverage

If you qualify as eligible for SGLI, you are automatically enrolled and do not need to apply for coverage.  However, to designate beneficiaries, or to reduce, decline, or restore SGLI coverage, you must complete and submit the SGLI form SGLV 8286, Servicemembers' Group Life Insurance Election and Certificate (http://www.benefits.va.gov/insurance/forms/8286.htm).  You should contact your Personnel Office for any changes to Basic SGLI or Family SGLI coverage.

2.9. SGLI Disability Extension

SGLI Disability Extension

If you are totally disabled at the time of separation (unable to work), you can apply for the SGLI Disability Extension, which provides free coverage for up to two years from the date of separation. While you do not need to apply for SGLI coverage, an extension of SGLI due to total disability is not automatic. You must apply to the Office of Servicemembers' Group Life Insurance (OSGLI) for the extension. At the end of the extension period, you automatically become eligible for VGLI, subject to premium payments.

Eligibility

You are eligible for the SGLI Disability Extension if you are totally disabled at time of discharge. To be considered totally disabled, you must have a disability that prevents you from being gainfully employed, OR have one of the following conditions, regardless of your employment status:

  • Permanent loss of use of both hands
  • Permanent loss of use of both feet
  • Permanent loss of use of both eyes
  • Permanent loss of use of one hand and one foot
  • Permanent loss of use of one foot and one eye
  • Permanent loss of use of one hand and one eye
  • Total loss of hearing in both ears
  • Organic loss of speech (lost ability to express oneself, both by voice and whisper, through normal organs for speech - being able to speak with an artificial appliance is disregarded in determination of total disability)

 

 

2.10. Eligibility

You are eligible for the SGLI Disability Extension if you are totally disabled at time of discharge.  To be considered totally disabled, you must have a disability that prevents you from being gainfully employed, or have one of the following conditions, regardless of your employment status:

  • Permanent loss of use of both hands
  • Permanent loss of use of both feet
  • Permanent loss of use of both eyes
  • Permanent loss of use of one hand and one foot
  • Permanent loss of use of one foot and one eye
  • Permanent loss of use of one hand and one eye
  • Total loss of hearing in both ears
  • Organic loss of speech (lost ability to express oneself, both by voice and whisper, through normal organs for speech - being able to speak with an artificial appliance is disregarded in determination of total disability)

2.11. Cost/Rates

There is no cost to you once approved for the SGLI Disability Extension.

2.12. How to Apply

To receive SGLI Disability Extension, you must complete and submit SGLV 8715, Application for the Servicemembers' Group Life Insurance (SGLI) Disability Extension, http://www.benefits.va.gov/insurance/forms/forms.htm.

2.13. SGLI Forms

FormDescription
SGLV 8286
Servicemembers' Group Life Insurance Election & Certificate
 
Use this form to:
  • reduce or decline SGLI coverage
  • designate or update the beneficiary on a SGLI policy
  • restore or increase SGLI coverage when it has previously been reduced or declined
SGLV 8286S
Servicemembers' Group Life Insurance
Supplemental SGLI Beneficiary Form
Use this form as a continuation to SGLV 8286 to designate additional SGLI beneficiaries.
SGLV 8285
Request for Insurance
 
This form has been replaced by SGLV 8286 and should no longer be used.

 

SGLV 8283-Beneficiary, or

SGLV 8283-Casualty Officer
Beneficiary Claim for Death Benefits (SGLI/VGLI)
 

 

Use this form to claim SGLI or VGLI proceeds for a deceased policyholder.
SGLV 8284
Servicemember/Veteran Accelerated Benefits Option Form
Use this form to request an advance insurance payment for a Servicemember or Veteran that is terminally ill.
SGLV 8715
Application for SGLI Disability Extension

Use this form to apply for a free extension (up to two years) of SGLI coverage if you are a totally disabled at time of discharge.

 

SGLV 8286

Servicemember/Veteran declination

SGLV 8286A

To terminate Spousal SGLI Coverage

Use to convert SFGLI to an individual policy of insurance within 120 days following: separation from the military, divorce from current spouse, to terminate SGLI coverage, to terminate the servicemember's/veteran's SGLI coverage, or upon the Servicemember's death.

 

3. Veterans Group Life Insurance (VGLI)

3.1. Veterans Group Life Insurance (VGLI)

VGLI is a life insurance program that allows veterans to convert their full-time SGLI coverage to lifetime renewable term insurance after separation from service.  If you apply within 240 days after discharge, you can obtain this coverage regardless of health.  You can retain VGLI for as long as you pay the premiums.

3.2. Eligibility

You qualify for VGLI if you are one of the following:

  • Servicemember being released from active duty who was covered by SGLI, or
  • Servicemember separating, retiring, or being released from assignment in the Ready Reserve or National Guard who was covered by SGLI, or
  • National Guard or Reserve member covered by part-time SGLI who incurred a disability or aggravated a pre-existing disability while performing inactive duty or traveling to/from duty, or
  • Member of the Individual Ready Reserve or Inactive National Guard.

3.3. Coverage

VGLI coverage is available in increments of $10,000 up to a maximum of $400,000.  However, a servicemember's initial VGLI coverage amount cannot exceed your SGLI coverage amount in force at the time of separation from service.

Effective April 11, 2011, VGLI policy holders who are under age 60 and have less than $400,000 in coverage can purchase up to $25,000 of additional coverage on each five-year anniversary of your policy, up to the maximum $400,000.  No medical underwriting is required for the additional coverage.

3.4. Cost/Rates

VGLI premiums are based upon the veterans age.  Premium rates were reduced effective July 1, 2008.  Follow this link to view VGLI premium rates (http://www.benefits.va.gov/insurance/vgli_rates_new.asp).

Use the Insurance Needs Calculator (http://www.benefits.va.gov/insurance/resources_tools_lifeInsNeedsCalc.asp ) to assess your life insurance needs and determine if you have enough coverage.

3.5. Deadline to Convert SGLI to VGLI

You must apply to convert SGLI to VGLI within one year and 120 days from discharge. Veterans who submit their application within 240 days of discharge do not need to submit evidence of good health, while those who apply more than 240 days after discharge are required to answer questions about their health.

3.6. How to Apply

Applying for VGLI is simple using one of the following methods:

  • Apply using eBenefits (https://www.ebenefits.va.gov/ebenefits-portal/ebenefits.portal)
  • Download and complete SGLV 8714 (http://www.insurance.va.gov/sgliSite/forms/SGLV_8714_ed2012-12.pdf), Application for Veterans' Group Life Insurance and mail it to the Office of Servicemembers' Group Life Insurance

3.7. Converting VGLI to a Commercial Policy Conversion Feature

VGLI policyholders can convert their VGLI to an individual commercial life insurance policy at any time. Follow these links for:

3.8. How Does VGLI Compare To Other Insurance Programs?

When you consider whether to obtain coverage under Veterans' Group Life Insurance (VGLI), or some other insurance plan, it is important to evaluate whether (VGLI) will meet your life insurance needs.  You may want to consider if:

  • the premiums will be affordable for you;
  • the coverage is enough to meet your needs or will serve as a supplement to other coverage;
  • term insurance is your best option; and,
  • the plan contains features that are important to you.

3.9. Is VGLI Right for You?

To help you choose the right insurance coverage, the VA has developed a questionnaire for you to compare some basic facts about VGLI to other insurance products you may be considering. They have already filled in the key features of VGLI for you.  If you print this page you can enter information about the other insurance products in the "what the other plan offers," column.

Life Insurance Comparison Worksheet

 

What VGLI Offers

What the Other Plan Offers
Enter information about other plans you are considering

Premium Rates

Are premium rates based on age?

Yes – VGLI premium rates are based on age only.
view VGLI premium rates

 

Are premiums rates different for men and women?

No – VGLI premium rates are the same regardless of gender.

 

Are premium rates increased for smokers?

No – VGLI premium rates are the same for smokers and non-smokers.

 

Health Requirements

Will I need to answer questions about my health?

Noif you apply for VGLI within 240 days after separation, you will not need to answer questions about your health.

Note: You can apply for VGLI up to 1 year and 120 days after separation, but after 240 days you will have to answer health questions, so be sure to guarantee your coverage if you are not in good health.

 

Will I need to get a physical examination?

No - A physical is not required to apply for VGLI coverage.

 

Will there be an investigation of my health?

No - We will not investigate your health history if you apply for VGLI within 240 days after separation.

 

Can I be excluded if I have or have had mental health issues?

No - VGLI does not exclude Veterans for reasons related to mental health.

 

Can I be excluded if I have or have had PTSD or TBI?

No - VGLI does not exclude Veterans for reasons related to PSTD or TBI.

 

 

Coverage

Will I have help figuring out the right amount of insurance coverage?

Yes - VGLI has an objective Insurance Needs Calculator to help you determine how much coverage you need.

 

Is coverage is effective immediately?

Yes – Your full VGLI coverage amount is effective as soon as you are approved and your premium is paid.

 

Will coverage end at a specific age?

No – Your VGLI coverage will not end unless you request it or fail to pay premiums.

 

Will coverage be decreased at a specific age?

No - Your VGLI coverage amount will not decrease unless you request it.

 

Can I be excluded from coverage due to vocation or avocation?

No - VGLI does not exclude applicants based on their job or recreational activities.

 

 

Payments

Can I choose how often to pay premiums?

Yes – You can choose to pay premiums monthly, quarterly, semiannually or annually.

 

Is there a discount if I pay my premiums in advance?

Yes - VGLI  premiums are discounted 5% if you pay annually (smaller discounts are applied to quarterly and semiannual payments).

 

Can I pay premiums by automatic deduction?

Yes - VGLI premiums can be automatically deducted from your military retirement pay or VA compensation payment.

 

Can I pay premiums by credit card?

Yes – VGLI premiums can be paid by credit card online or by phone.

 

Can I have premiums deducted from my checking account?

Yes - VGLI premiums can be paid by deduction from your checking account online or by phone.

 

Other Fees

Are there any enrollment or membership fees associated with the policy?

No – VGLI has no enrollment or membership fees.

 

Claims

Are there special benefits for the terminally ill?

Yes - You can request a payment of up to 50% of your VGLI coverage if you are diagnosed with an illness that results in a life expectancy of 9 months or less.

 

Is there a contestable period?

No - VGLI has no contestable period. That means there is no waiting period between when your coverage begins and when a claim would be paid.

 

Is there a suicide exclusion?

No - suicide claims are not excluded.

 

Is there a "war" clause?

No - claims due to acts of war, declared and undeclared, are not excluded.

 

Web Access

Can I manage my coverage online?

Yes – VGLI has a full service web site.

 

Important Note:  Don't forget that if you determine VGLI should be a part of your life insurance portfolio:

  • you have only 1 year and 120 days from your date of separation from service to apply for VGLI coverage, AND
  • if you are in poor health, you should protect yourself and apply within 240 days from separation. There is no health review during this period.

3.10. Assessing Your Life Insurance Needs and Options

Assessing your life insurance needs and options can give anyone a headache!  With the wide range of insurance products available and the complexity of your family's needs, determining the appropriate insurance protection can be difficult.

In order to make this task easier, VA's Life Insurance Program has provided you with some decision-making tools and helpful information that can assist you in learning more about life insurance and in identifying your insurance needs.

3.11. Decision-Making Tools

These two tools will help you make a more informed decision about your life insurance coverage.

  • Life Insurance Needs Calculator:  VA's interactive Life Insurance Needs Calculator will help you determine if you have enough life insurance to meet your family's needs. It's easy to do because they guide you every step of the way!
  • VGLI Comparison Questionnaire:  Find out the real facts on VGLI! Learn about VGLI coverage provisions and see how they compare them to other life insurance plans.  This will help you determine if VGLI is right for you.

3.12. VGLI Premium Rates

VGLI Premium Rates

VGLI premiums increased for insureds age 70 and older effective July 1, 2014. Follow this link for more information about the VGLI premium rate increase.

 

VGLI Monthly Premium Rates Effective July 1, 2014

Amount of InsuranceAge
29 & Below
Age 30-34Age 35-39Age 40-44Age 45-49Age 50-54Age 55-59Age 60-64Age 65-69Age 70-74Age 75 & Over
$400,000 $32.00 $40.00 $52.00 $68.00 $88.00 $144.00 $268.00 $432.00 $600.00 $920.00 $1,840.00
390,000 31.20 39.00 50.70 66.30 85.80 140.40 261.30 421.20 585.00 897.00 1,794.00
380,000 30.40 38.00 49.40 64.60 83.60 136.80 254.60 410.40 570.00 874.00 1,748.00
370,000 29.60 37.00 48.10 62.90 81.40 133.20 247.90 399.60 555.00 851.00 1,702.00
360,000 28.80 36.00 46.80 61.20 79.20 129.60 241.20 388.80 540.00 828.00 1,656.00
350,000 28.00 35.00 45.50 59.50 77.00 126.00 234.50 378.00 525.00 805.00 1,610.00
340,000 27.20 34.00 44.20 57.80 74.80 122.40 227.80 367.20 510.00 782.00 1,564.00
330,000 26.40 33.00 42.90 56.10 72.60 118.80 221.10 356.40 495.00 759.00 1,518.00
320,000 25.60 32.00 41.60 54.40 70.40 115.20 214.40 345.60 480.00 736.00 1,472.00
310,000 24.80 31.00 40.30 52.70 68.20 111.60 207.70 334.80 465.00 713.00 1,426.00
300,000 24.00 30.00 39.00 51.00 66.00 108.00 201.00 324.00 450.00 690.00 1,380.00
290,000 23.20 29.00 37.70 49.30 63.80 104.40 194.30 313.20 435.00 667.00 1,334.00
280,000 22.40 28.00 36.40 47.60 61.60 100.80 187.60 302.40 420.00 644.00 1,288.00
270,000 21.60 27.00 35.10 45.90 59.40 97.20 180.90 291.60 405.00 621.00 1,242.00
260,000 20.80 26.00 33.80 44.20 57.20 93.60 174.20 280.80 390.00 598.00 1,196.00
250,000 20.00 25.00 32.50 42.50 55.00 90.00 167.50 270.00 375.00 575.00 1,150.00
240,000 19.20 24.00 31.20 40.80 52.80 86.40 160.80 259.20 360.00 552.00 1,104.00
230,000 18.40 23.00 29.90 39.10 50.60 82.80 154.10 248.40 345.00 529.00 1,058.00
220,000 17.60 22.00 28.60 37.40 48.40 79.20 147.40 237.60 330.00 506.00 1,012.00
210,000 16.80 21.00 27.30 35.70 46.20 75.60 140.70 226.80 315.00 483.00 966.00
200,000 16.00 20.00 26.00 34.00 44.00 72.00 134.00 216.00 300.00 460.00 920.00
190,000 15.20 19.00 24.70 32.30 41.80 68.40 127.30 205.20 285.00 437.00 874.00
180,000 14.40 18.00 23.40 30.60 39.60 64.80 120.60 194.40 270.00 414.00 828.00
170,000 13.60 17.00 22.10 28.90 37.40 61.20 113.90 183.60 255.00 391.00 782.00
160,000 12.80 16.00 20.80 27.20 35.20 57.60 107.20 172.80 240.00 368.00 736.00
150,000 12.00 15.00 19.50 25.50 33.00 54.00 100.50 162.00 225.00 345.00 690.00
140,000 11.20 14.00 18.20 23.80 30.80 50.40 93.80 151.20 210.00 322.00 644.00
130,000 10.40 13.00 16.90 22.10 28.60 46.80 87.10 140.40 195.00 299.00 598.00
120,000 9.60 12.00 15.60 20.40 26.40 43.20 80.40 129.60 180.00 276.00 552.00
110,000 8.80 11.00 14.30 18.70 24.20 39.60 73.70 118.80 165.00 253.00 506.00
100,000 8.00 10.00 13.00 17.00 22.00 36.00 67.00 108.00 150.00 230.00 460.00
90,000 7.20 9.00 11.70 15.30 19.80 32.40 60.30 97.20 135.00 207.00 414.00
80,000 6.40 8.00 10.40 13.60 17.60 28.80 53.60 86.40 120.00 184.00 368.00
70,000 5.60 7.00 9.10 11.90 15.40 25.20 46.90 75.60 105.00 161.00 322.00
60,000 4.80 6.00 7.80 10.20 13.20 21.60 40.20 64.80 90.00 138.00 276.00
50,000 4.00 5.00 6.50 8.50 11.00 18.00 33.50 54.00 75.00 115.00 230.00
40,000 3.20 4.00 5.20 6.80 8.80 14.40 26.80 43.20 60.00 92.00 184.00
30,000 2.40 3.00 3.90 5.10 6.60 10.80 20.10 32.40 45.00 69.00 138.00
20,000 1.60 2.00 2.60 3.40 4.40 7.20 13.40 21.60 30.00 46.00 92.00
10,000 0.80 1.00 1.30 1.70 2.20 3.60 6.70 10.80 15.00 23.00 46.00

4. Family Servicemembers' Group Life Insurance (FSGLI)

4.1. Family Servicemembers' Group Life Insurance (FSGLI)

FSGLI is a program that automatically provides term life insurance coverage to the spouses and dependent children of servicemembers insured under SGLI.  The servicemember pays the premium for spousal coverage.  Dependent children are insured at no cost.

4.2. Eligibility

Spouses and dependent children of the following are eligible for FSGLI:

  • Active duty Servicemembers covered by full-time SGLI
  • Members of the National Guard or Ready Reserve of a uniformed service covered by full-time SGLI

Family coverage is available only to members insured under the SGLI program.  It is not available to those insured under the VGLI program.  If you are covered under SGLI, you are eligible to insure your spouse, regardless of whether your spouse is on active duty, retired, or is a civilian.

4.3. Coverage

Maximum spouse coverage is issued automatically, but can be declined or reduced in writing by the servicemember.  As the servicemember, you are always the beneficiary of FSGLI coverage. FSGLI provides up to a maximum of $100,000 of insurance coverage for spouses, not to exceed the servicemembers' SGLI coverage amount, and $10,000 for dependent children. 

If your spouse is...and...then...
not a member of the uniformed services   your spouse is automatically covered for the maximum spouse coverage unless you reduce or cancel this coverage.
a member of the uniformed services you married on or after January 2, 2013 you and your spouse are not automatically covered under spouse coverage. You and/or your spouse must apply if you want spouse coverage (see how to apply).

Visit VA's FSGLI Procedural Guide for more information about spouse and dependent coverage.

 

4.4. Cost/Rates

FSGLI coverage is available in increments of $10,000.  You pay a premium for your spouse's coverage, which increases as your spouse ages.  Coverage for your child is provided at no cost until the child is 18, unless the child is a full-time student or becomes permanently and totally disabled and incapable of self-support prior to age 18.

4.5. Spousal Monthly Premium Rates

Amount of Insurance

Age of Spouse

under 35

35-39

40-44

45-49

50-54

55-59

60 & Over

               

$100,000

$5.00

$6.50

$8.50

$13.00

$25.00

$37.00

$50.00

$90,000

$4.50

$5.85

$7.65

$11.70

$22.50

33.30

$45.00

$80,000

$4.00

$5.20

$6.80

$10.40

$20.00

$29.60

$40.00

$70,000

$3.50

$4.55

$5.95

$9.10

$17.50

$25.90

$35.00

$60,000

$3.00

$3.90

$5.10

$7.80

$15.00

$22.20

$30.00

$50,000

$2.50

$3.25

$4.25

$6.50

$12.50

$18.50

$25.00

$40,000

$2.00

$2.60

$3.40

$5.20

$10.00

$14.80

$20.00

$30,000

$1.50

$1.95

$2.55

$3.90

$7.50

$11.10

$15.00

$20,000

$1.00

$1.30

$1.70

$2.60

$5.00

$7.40

$10.00

$10,000

$0.50

$0.65

$0.85

$1.30

$2.50

$3.70

$5.00

Use the Insurance Needs Calculator to assess your life insurance needs and determine if you have enough coverage.

4.6. How to Apply

If you qualify as eligible for FSGLI, you are automatically enrolled and do not need to apply for coverage.  However, to reduce, decline, or restore FSGLI coverage, you must complete and submit SGLV Form 8286A , http://www.benefits.va.gov/insurance/forms/8286a.htm.

If you decline spousal coverage, you can later apply for coverage for your spouse by completing SGLV Form 8286A,http://www.benefits.va.gov/insurance/forms/8286a.htm, and providing proof of insurability (proof of good health).  You should contact your Personnel Office for any changes to Family SGLI coverage.

4.7. Premium Deductions

Premium Deductions

FSGLI premiums are automatically deducted from your pay. If your spouse is automatically insured, you are responsible for premiums. If your spouse is registered in DEERS, premiums will be automatically deducted from your pay. If you have not registered your spouse, you are still responsible for premiums and when he/she is registered, you will incur a debt for back premiums.

4.8. Converting FSGLI Coverage

Spouses who are insured under the Family SGLI program have the option to convert Spousal Coverage to an individual policy of insurance within 120 days from any of the following events:

  • The date of the servicemember's separation from the military
  • The date of the servicemember's divorce from current spouse
  • The date of the servicemember's written election ( SGLV Form 8286A) to terminate Spousal SGLI coverage
  • The date of the servicemembers written election (SGLV Form 8286) to terminate his/her SGLI coverage
  • The date of the servicemember's death.

Spouses covered under Family SGLI may convert their coverage to a commercial policy at standard premium rates, without having to provide proof of good health.  The conversion policy must be a permanent policy, such as a whole life policy.

Other types of policies, such as Term, Variable Life, or Universal Life Insurance are not allowed as conversion policies.  In addition, supplementary policy benefits such as Accidental Death and Dismemberment or Waiver of Premium for Disability are not considered part of the conversion policy.

If a spouse wishes to convert Spousal SGLI Coverage, the spouse must apply for conversion within 120 days from any of the events listed above and must also:

  • Select a company from the Participationg Companies Listing
  • Apply to a local sales office of the company selected
  • Give a copy of the most recent Leave and Earnings Statement to the agent, showing the deduction for Spousal SGLI, along with an applicable proof of coverage from the list below:
    1. The servicemember's separation document (Form DD-214 or NGB-22, or written orders)
    2. The Certificate of Dissolution of Marriage between the spouse and the Servicemember
    3. The Servicemember's FSGLI Spousal declination ( SGLV Form 8286A
    4. The Servicemember's SGLI declination (SGLV Form 8286)
    5. The Servicemember's proof of death (Report of Casualty Form DD 1300 or civilian death certificate)

5. TSGLI Traumatic Injury Protection Program (TSGLI)

5.1. TSGLI Traumatic Injury Protection Program (TSGLI)

Servicemembers' Group Life Insurance Traumatic Injury Protection (TSGLI) provides automatic traumatic injury coverage to all servicemembers covered under the SGLI program.  It provides short-term financial assistance to severely injured servicemembers and veterans to assist them in their recovery from traumatic injuries.  TSGLI is not only for combat injuries, but provides insurance coverage for injuries incurred on or off duty.

5.2. Eligibility

If you are automatically insured under full-time SGLI, you are automatically covered by TSGLI. TSGLI coverage applies to active duty members, reservists, National Guard members, funeral honors duty and one-day muster duty.

To be eligible for payment of TSGLI, you must meet all of the following requirements:

  • You must be insured by SGLI when you experience a traumatic injury
  • You must incur a scheduled loss and that loss must be a direct result of a traumatic injury
  • You must have suffered the traumatic injury prior to midnight of the day that you separate from the uniformed services
  • You must suffer a scheduled loss within 2 years (730 days) of the traumatic injury
  • You must survive for a period of not less than seven full days from the date of the traumatic injury (The 7-day period begins on the date and time of the traumatic injury, as measured by Zulu [Greenwich Meridian] time and ends 168 full hours later)

This benefit is also provided retroactively for servicemembers who incurred severe losses as a result of traumatic injuries incurred between October 7, 2001 and November 30, 2005, regardless of the geographic location where the injury occurred, and regardless of whether coverage was in effect at the time of injury.  Effective October 1, 2011, the Veterans' Benefit Improvement Act of 2010 removed the requirement that injuries during the retroactive period be incurred in Operations Enduring or Iraqi Freedom.

You can use VA's eligibility questionnaire to see if you may be eligible for a Retroactive TSGLI payment.

You may also view a list of losses eligible for TSGLI payment.

5.3. TSGLI Hospitalization Benefit

The TSGLI Hospitalization Benefit is a $25,000 payment made to a servicemember or veteran who is hospitalized as an inpatient for 15 consecutive days (or more) as the result of a traumatic injury incurred while on active duty or reserves and covered by SGLI.  Attaching a Hospital Discharge Summary will increase the likelihood that your application receives a quicker, more favorable decision.  If that is not possible, VA or your military branch may be able to assist you in locating your medical records.

5.4. TSGLI Loss Standards

Part I

For losses listed in Part I, multiple injuries resulting from a single traumatic event may be combined with each other and treated as one loss for purposes of a single payment (except where noted otherwise), however, the total payment amount MAY NOT exceed $100,000.

 

Loss

Payment
Amount

1.

Sight:  Total and permanent loss of sight OR loss of sight that has lasted at least 120 days

  • For each eye

View TSGLI standard for loss of sight 

$50,000

2.

Hearing:  Total and permanent loss of hearing

For one ear

$25,000

For both ears

$100,000

View TSGLI standard for loss of hearing 

3.

Speech:  Total and permanent loss of speech

View TSGLI standard for loss of speech 

$50,000

4.

Quadriplegia:  complete paralysis of all four limbs

View TSGLI standard for paralysis 

$100,000

5.

Hemiplegia:  complete paralysis of the upper and lower limbs on one side of the body

View TSGLI standard for paralysis 

$100,000

6.

Paraplegia:  complete paralysis of both lower limbs

View TSGLI standard for paralysis 

$100,000

7.

Uniplegia:  complete paralysis of one limb*

* Note:  Payment for uniplegia of arm cannot be combined with loss 9, 10 or 14 for the same arm. Payment for uniplegia of leg cannot be combined with loss 11, 12, 13 or 15 for the same leg.

View TSGLI standard for paralysis 

$50,000

8.

Burns:  2nd degree or worse burns to at least 20% of the body including the face OR, at least 20% of the face

View TSGLI standard for burns 

$100,000

9.

Amputation of hand:  Amputation at or above the wrist

  • For each hand*

* Note: Payment for loss 9 cannot be combined with payment for loss 10 for the same hand.

View TSGLI standard for amputation of hand 

$50,000

10.

Amputation of 4 fingers on 1 hand OR thumb alone:  Amputation at or above the metacarpophalangeal joint

  • For each hand

View TSGLI standard for amputation of fingers/thumb 

$50,000

11.

Amputation of foot:  Amputation at or above the ankle

  • For each foot*

* Note: Payment for loss 11 cannot be combined with payments for losses 12 or 13 for the same foot.

View TSGLI standard for amputation of foot 

$50,000

12.

Amputation of all toes including the big toe on 1 foot:  Amputation at or above the metatarsophalangeal joint

  • For each foot

* Note: Payment for loss 12 cannot be combined with payments for loss 13 for the same foot.

View TSGLI standard for amputation of toes 

$50,000

13.

Amputation of big toe only, OR other 4 toes on 1 foot:  Amputation at or above the metatarsophalangeal joint

  • For each foot

View TSGLI standard for amputation of toes 

$25,000

14.

Limb salvage of arm:  Salvage of arm in place of amputation

  • For each arm*

* Note: Payment for loss 14 cannot be combined with payments for losses 9 or 10 for the same arm.

View TSGLI standard for limb salvage 

$50,000

15.

Limb salvage of leg:  Salvage of leg in place of amputation

  • For each leg*

* Note: Payment for loss 15 cannot be combined with payments for losses 11, 12 or 13 for the same leg.

View TSGLI standard for limb salvage 

$50,000

16.

Facial Reconstruction:  reconstructive surgery to correct traumatic avulsions of the face or jaw that cause discontinuity defects.

  • Jaw – surgery to correct discontinuity loss of the upper or lower jaw

$75,000

  • Nose – surgery to correct discontinuity loss of 50% or more of the cartilaginous nose

$50,000

  • Lips – surgery to correct discontinuity loss of 50% or more of the upper or lower lip

For one lip

$50,000

For both lips

$75,000

  • Eyes – surgery to correct discontinuity loss of 30% or more of the periorbita
    • For each eye

$25,000

  • Facial Tissue – surgery to correct discontinuity loss of the tissue in 50% or more of any of the following facial subunits: forehead, temple, zygomatic, mandibular, infraorbital or chin.
    • For each facial subunit

$25,000

Note 1: Injuries listed under facial reconstruction may be combined with each other, but the maximum benefit for facial reconstruction may not exceed $75,000.

Note 2: Any injury or combination of injuries under facial reconstruction may also be combined with other injuries listed in Part I and treated as one loss, provided that all injuries are the result of a single traumatic event. However, the total payment amount may not exceed $100,000.

View TSGLI standard for facial reconstruction 

17.

Coma from traumatic injury AND/OR Traumatic Brain Injury resulting in inability to perform at least 2 Activities of Daily Living (ADL)

at 15th consecutive day of coma or ADL loss

$25,000

at 30th consecutive day of coma or ADL loss

an additional $25,000

at 60th consecutive day of coma or ADL loss

an additional $25,000

at 90th consecutive day of coma or ADL loss

an additional $25,000

View TSGLI standard for coma/TBI 

18.

Hospitalization due to traumatic brain injury

  • at 15th consecutive day of hospitalization

Note 1: Payment for hospitalization replaces the first payment period in loss 17.

Note 2: Duration of hospitalization includes dates on which member is transported from the injury site to a facility described in § 9.20(e)(6)(xiii), admitted to the facility, transferred between facilities, and discharged from the facility.

View TSGLI standard for hospitalization due to TBI 

$25,000

19.

Genitourinary Losses

Anatomical loss of the penis

Anatomical loss of the penis is defined as amputation of the glans penis or any portion of the shaft of the penis above the glans penis (i.e. closer to the body) or damage to the glans penis or shaft of the penis that requires reconstructive surgery.

$50,000

Permanent loss of use of the penis

Permanent loss of use of the penis is defined as damage to the glans penis or shaft of the penis that results in complete loss of the ability to perform sexual intercourse that is reasonably certain to continue throughout the lifetime of the member.

$50,000

Anatomical loss of one testicle

Anatomical loss of the testicle(s) is defined as the amputation of, or damage to, one or both testicles that requires testicular salvage, reconstructive surgery, or both.

$25,000

Anatomical loss of both testicles

See above – Same definition as anatomical loss of one testicle.

$50,000

Permanent loss of use of both testicles

Permanent loss of use of both testicles is defined as damage to both testicles resulting in the need for hormonal replacement therapy that is medically required and reasonably certain to continue throughout the lifetime of the member.

$50,000

Anatomical loss of the vulva, uterus, or vaginal canal

Anatomical loss of the vulva, uterus, or vaginal canal is defined as the complete or partial amputation of the vulva, uterus, or vaginal canal or damage to the vulva, uterus, or vaginal canal that requires reconstructive surgery.

$50,000

Permanent loss of use of the vulva or vaginal canal

Permanent loss of use of the vulva or vaginal canal is defined as damage to the vulva or vaginal canal that results in complete loss of the ability to perform sexual intercourse that is reasonably certain to continue throughout the lifetime of the member.

$50,000

Anatomical loss of one ovary

Anatomical loss of the ovary(ies) is defined as the amputation of one or both ovaries or damage to one or both ovaries that requires ovarian salvage, reconstructive surgery, or both.

$25,000

Anatomical loss of both ovaries

See above – Same definition as anatomical loss of one ovary.

$50,000

Permanent loss of use of both ovaries

Permanent loss of use of both ovaries is defined as damage to both ovaries resulting in the need for hormonal replacement therapy that is medically required and reasonably certain to continue throughout the lifetime of the member.

$50,000

Total and permanent loss of urinary system function

Total and permanent loss of urinary system function is defined as damage to the urethra, ureter(s), both kidneys, bladder, or urethral sphincter muscle(s) that requires urinary diversion and/or hemodialysis, either of which is reasonably certain to continue throughout the lifetime of the member.

$50,000

Note 1: Losses due to genitourinary injuries may be combined with each other, but the maximum benefit for genitourinary losses may not exceed $50,000.

Note 2: Any genitourinary loss may be combined with other (TSGLI) injuries listed in § 9.20(f)(1) through (18) and treated as one loss, provided that all losses are the result of a single traumatic event. However, the total payment may not exceed $100,000.

 

Part II

For losses listed in Part II, payment amounts MAY NOT be combined with payment amounts in Part I - only the higher amount will be paid. The total payment amount MAY NOT exceed $100,000 for multiple injuries resulting from a single traumatic event.

 

Loss

Payment
Amount

20.

Traumatic injury resulting in inability to perform at least 2 Activities of Daily Living (ADL)

at 30th consecutive day of ADL loss

$25,000

at 60th consecutive day of ADL loss

an additional $25,000

at 90th consecutive day of ADL loss

an additional $25,000

at 120th consecutive day of ADL loss

an additional $25,000

View TSGLI standard for loss of ADL 

21.

Hospitalization due to traumatic injury

  • at 15th consecutive day of hospitalization

Note 1: Payment for hospitalization replaces the first payment period in loss 19.

Note 2: Duration of hospitalization includes dates on which member is transported from the injury site to a facility described in § 9.20(e)(6)(xiii), admitted to the facility, transferred between facilities, and discharged from the facility.

$25,000

6. Service-Disabled Veterans Insurance (S-DVI)

6.1. Service-Disabled Veterans Insurance (S-DVI)

S-DVI is a life insurance benefit for veterans who have service-connected disabilities who are otherwise in good health.  S-DVI is available in a variety of permanent plans as well as term insurance.

6.2. Eligibility

To obtain S-DVI, you must meet the following criteria:

  • VA granted service connection for any disability (even if evaluated at zero percent), AND
  • You applied within two years from the date VA notified you of that new service-connected disability, AND
  • You are in good health, except for any service-connected conditions.

An increase in an existing service-connected disability or the granting of individual unemployability of a previous rated condition does not entitle a Veteran to S-DVI.

6.3. Coverage

S-DVI policies are issued for a maximum face amount of $10,000.

6.4. Supplemental S-DVI

Supplemental S-DVI is additional supplemental insurance coverage if:

  • You have an S-DVI policy, AND
  • VA is waiving the premiums on your basic coverage due to total disability, AND
  • You apply for Supplemental S-DVI within one year of being notified of the waiver, AND
  • You are under 65 years of age

The insured has up to one year after being notified of his/her eligibility for waiver on the basic policy to apply.  No waiver of premiums due to total disability can be granted on Supplemental S-DVI coverage.

6.5. Cost/Rates

The premium you pay for S-DVI coverage depends on your age, type of plan (term or permanent), and the amount of coverage.  If you are a veteran eligible for basic S-DVI coverage and are totally disabled, then you may apply to have your premiums waived.

6.6. How to Apply

Veterans who are granted service-connection for a disability will receive VA form 29-4364, Application For Service-Disabled Veterans Life Insurance (http://www.insurance.va.gov/gli/forms/29-4364.htm), along with their Notice of Disability Rating.  You must apply within two years from the date VA notifies you that you have been granted a new service-connected disability.  You can apply for S-DVI online using our AutoForm application.

To apply for Supplemental S-DVI, you must file VA Form 29-0188 (http://www.insurance.va.gov/gli/forms/29-0188.pdf) , Application for Supplemental Service-Disabled Veterans (RH) Life Insurance or send a letter requesting this insurance over your signature.  You must apply for the coverage within one year from being notified by VA of your S-DVI premium waiver.

7. Veterans' Mortgage Life Insurance

7.1. Veterans' Mortgage Life Insurance

Veterans' Mortgage Life Insurance (VMLI) is mortgage protection insurance that can help families of severely disabled servicemembers or veterans pay off the home mortgage in the event of their death.

7.2. Eligibility

VMLI is only available to servicemembers and veterans with severe service-connected disabilities who:

  • Received Specially Adapted Housing (SAH) grant to help build, remodel, or purchase a home,AND
  • Have the title to the home, AND
  • Have a mortgage on the home

Veterans must apply for VMLI before their 70th birthday.

7.3. Benefits

VMLI provides up to $200,000 mortgage life insurance and is payable only to the mortgage holder (i.e., a bank or mortgage lender), not to a beneficiary.  The amount of coverage will equal the amount of the mortgage still owed, but the maximum can never exceed $200,000.  VMLI is decreasing term insurance which reduces as the mortgage balance declines.  VMLI has no loan or cash values and does not pay dividends.

7.4. Cost/Rates

To determine your VMLI premium amount consult the VMLI Premium Calculator.

7.5. Applying for VMLI

Servicemembers or veterans who receive a grant for the purchase of Specially Adapted Housing are advised by Loan Guaranty personnel at their interview of their eligibility for VMLI to cover the unpaid mortgage on their home.

The Specially Adapted Housing Agent will help the servicemember or veteran complete VA Form 29-8636, Application for Veterans' Mortgage Life Insurance.  If a Servicemember or Veteran does not apply for VMLI coverage at that time, VA will send a letter informing them that they are eligible for such coverage.  In addition to completing VA Form 29-8636, the servicemember or veteran must provide information about their current mortgage.

8. Beneficiary Financial Counseling Service and Online Will Preparation

8.1. Beneficiary Financial Counseling Service and Online Will Preparation

VA makes financial planning and online will preparation services available at no cost to beneficiaries of:

  • SGLI (Servicemembers' Group Life Insurance)
  • TSGLI (Traumatic Injury Protection)
  • FSGLI (Family Servicemembers' Group Life Insurance)
  • VGLI (Veterans' Group Life Insurance)

8.2. Service Features

Beneficiary Financial Counseling Service (BFCS)

This service provides beneficiaries with free, professional financial advice from FinancialPoint®, an independent company whose team of professionals are experts in handling a wide range of financial matters.  Beneficiaries can access this service online 24/7 to request a financial plan.  They simply enter their information into FinancialPoint's website, and a financial professional will prepare a customized financial plan based on the details provided.  They can also call or e-mail to get quick answers to simple financial questions.  In-person meetings with financial professionals are also available upon request.  Beneficiaries have lifetime access to these services.

Online Will Preparation Service

The online will preparation service enables beneficiaries to quickly and easily prepare a will without an attorney.  After answering a series of straightforward questions, the beneficiary will receive a legal will, valid in all states, ready to print and sign.

How to Access These Services

Online Access

  • Go to www.financialpointplus.com
  • Register as a first-time user.
  • Use "BFCSVA" as the Organization Web ID.
  • Have your nine-digit SGLI, TSGLI, FSGLI, or VGLI claim number available.
  • Select FinancialPoint to submit information that will be used to create a personalized financial plan for you.
  • Select EstateGuidance® to create and print a will.

Note: If you do not have your claim number, please call the Office of Servicemembers' Group Life Insurance at 800-419-1473.

Phone or E-mail Access (BFCS only)

SGLI, FSGLI, VGLI beneficiaries: 888-243-7351
TSGLI recipients: 800-428-3416
Email: fcs@FinancialPoint.com

Financial professionals are available 24/7.

More Information

Download one of their Financial Counseling Services Brochures for easy reference.

9. Accelerated Benefit Claims

9.1. Accelerated Benefit Claims

The Accelerated Benefit Option gives terminally-ill SGLI, Family SGLI and VGLI policyholders as well as TSGLI claimants access to the death benefits of their policies before they die.  The member may receive a portion of the face value of the insurance in a lump sum payment.

9.2. Eligibility

A member is eligible to receive an Accelerated Benefit if he/she or a covered spouse has a valid written prognosis from a physician of 9 months or less to live.

Only the insured member may apply for an Accelerated Benefit.  No one else can apply on the member's behalf.  In the case of a terminally ill spouse, only the member may apply for accelerated benefits.

9.3. Amount Available

The amount of Accelerated Benefit available to a member is up to 50% of the face value of the member's insurance coverage.  If a member elects less than the maximum, the amount requested must be in increments of $5,000

9.4. Remaining Insurance Value

The remaining portion of the face value of insurance which is not paid in a lump sum as an accelerated benefit is payable to the member's designated beneficiary or beneficiaries upon his or her death.  In the case of a terminally ill spouse, the remainder of the insurance is payable to the member upon the spouse's death.

9.5. How to Apply

  • SGLI and VGLI policyholders, use Form 8284, Servicemember/Veteran Accelerated Benefits Option
  • Spouses covered under Family SGLI, use Form 8284A, Servicemember Family Coverage Accelerated Benefits Option

The application contains one part to be completed by the insured and a second part to be completed by the insured's physician.  In addition, the branch of service for active duty Servicemembers must complete part of the form.

Send the completed application to:
Office of Servicemembers' Group Life Insurance
80 Livingston Avenue
Roseland, NJ 07068-1733

 

10. United States Government Life Insurance

10.1. United States Government Life Insurance

VA provides the following life insurance options for servicemembers and veterans.  The four programs listed are closed to new policies.

Insurance Program

Veterans Insured

Years Issued

United States Government Life Insurance

WWI

1919 to 1951

National Service Life Insurance

WWII

1940 to 1951

Veterans' Special Life Insurance

Korean War

1951 to 1956

Veterans' Reopened Insurance

Disabled WWII and Korean War

1965 to 1966

10.2. Plans of Insurance

Government Life Insurance is issued in a variety of insurance plans.  Select a plan below to view a brief description of that plan.  This information is for policy numbers beginning with K, V, RS, W, J. JR. JS and RH.  Information for: Servicemembers' Group Life Insurance policies (SGLI) and Veterans' Group Life Insurance policies (VGLI).

Five Year Level Premium Term

  • Available on all programs except "J," "JR," "JS"
  • Renewable every five years
  • May be converted to a permanent plan
  • Provides low cost protection at younger ages but premiums increase substantially at older ages
  • Provides protection only and has no cash or loan values *
  • When premiums are not paid, the protection stops *

* Effective September 11, 2000, "capped" NSLI (V) and VSLI term policies receive a termination dividend that protects against the lapse of the policy. See more information about premium capping.

Modified Life at Age 65

  • Available on all programs except "K"
  • Can only be purchased before the insured attains insurance age 61
  • Affords a permanent plan of insurance at a premium that is lower than the Ordinary Life Plan premium
  • Provides an automatic reduction by ? of the face amount of the insurance on the day before the policyholder's 65th birthday. (The premium remains the same. The decreased amount of insurance may, without medical examination, be replaced with an Ordinary Life policy at an additional premium by making application no later than the day before the policyholder's 65th birthday.)
  • Policy earns loan and cash values

Modified Life at Age 70

  • Available on all programs except "K"
  • Can only be purchased before the policyholder attains insurance age 69
  • Affords a permanent plan of insurance at a premium that is lower than the Ordinary Life Plan premium
  • Provides an automatic reduction by half of the face amount of the insurance on the day before the insured veteran's 70th birthday. (The premium remains the same. The decreased amount of insurance may, without medical examination, be replaced with a Special Ordinary Life policy at an additional premium by making application no later than the day before the policyholder's 70th birthday.)
  • Policy earns loan and cash values

 

Special Ordinary Life

This is insurance that is purchased when a Modified Life policy reduces by half on the policyholder's 65th or 70th birthday.  It has the following features:

  • Available on all programs except "K"
  • Premiums will never increase
  • Premiums are payable for the lifetime of the policyholder
  • Policy earns loan and cash values

Ordinary Life

  • Available on all programs
  • Premiums remain constant
  • Premiums are payable for the lifetime of the policyholder
  • Policy earns loan and cash values

30 Payment Life

  • Available on all programs
  • Premiums are slightly higher than on Ordinary Life
  • Premiums are payable for 30 years from the effective date of the policy
  • Policy earns loan and cash values

20 Payment Life

  • Available on all programs
  • Premiums are higher than on 30-Payment Life
  • Premiums are payable for 20 years
  • Policy earns loan and cash values

20 Year Endowment

  • Available on all programs
  • Premiums are payable for 20 years from the effective date of the policy
  • Provides for payment of the face amount of the policy (less any indebtedness) to the policyholder at the end of the 20 years
  • Policy proceeds paid in lump sum or on an installment basis
  • Policy earns loan and cash values

Endowment at Age 60

  • Available on all programs except "K"
  • Provides for the payment of the face amount (less any indebtedness) on the anniversary date nearest the policyholder's 60th birthday
  • Policy earns loan and cash values

Endowment at Age 65

  • Available on all programs except "K"
  • Provides for the payment of the face amount (less any indebtedness) on the anniversary date nearest the policyholder's 65th birthday
  • Policy earns loan and cash values

Endowment at Age 96

  • Available to "K" policyholders, age 65 or older, who were still carrying insurance under the term plan
  • Regular endowment plan maturing at age 96 with a level premium from the date of issue
  • Does not provide permanent and total disability benefits, or waiver of premium
  • Provides a waiver of premiums provision to be purchased for an additional premium at the time the insurance was exchanged