Home → Veterans Guide to VA Insurance Benefits → Family Servicemembers' Group Life Insurance (FSGLI) → Converting FSGLI Coverage
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:
- The servicemember's separation document (Form DD-214 or NGB-22, or written orders)
- The Certificate of Dissolution of Marriage between the spouse and the Servicemember
- The Servicemember's FSGLI Spousal declination ( SGLV Form 8286A
- The Servicemember's SGLI declination (SGLV Form 8286)
- The Servicemember's proof of death (Report of Casualty Form DD 1300 or civilian death certificate)