How does vgli work

Migrant or seasonal farm worker. Military service member. Postdoctoral researcher. Published writer or poet. Railroad worker. Performing artist. A lender that serves multi-family housing loans.

Federal contractor or subcontractor. None of the above. What do I do next? Didn't find what you were looking for? Take our Benefit Finder questionnaire to view a list of benefits you may be eligible to receive. Start Benefit Finder.

Was this page helpful? Hit enter to expand a main menu option Health, Benefits, etc. To enter and activate the submenu links, hit the down arrow. Get help from Veterans Crisis Line. Enter your search text Button to start search. Paul St. 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.

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? Will I need to get a physical examination? Will there be an investigation of my health? Can I be excluded if I have or have had mental health issues? No - VGLI does not exclude applicants for reasons related to mental health.

Coverage Will I have help figuring out the right amount of insurance coverage? When is my VGLI coverage effective?

This is because the only factors determining VGLI premiums are coverage amount and age. As shown below, rates for older veterans can be relatively high. VGLI also offers only term life insurance. This means the policy has a death benefit but does not build any cash value as an investment. VGLI isn't always on offer. You'll have one year and days to apply for VGLI once you leave the military, but the window closes after that.

Finally, VGLI has a relatively low death benefit cap. VGLI rates are determined by your age and the value of the death benefit you select. The lowest prices are offered to applicants under 30, with rates increasing every five years until you're 80, when they top out.

You can still keep your coverage after that point, but your price stops increasing based on age. Prices increase based on value. Toggle navigation. Regular Army: Retired. And You Apply If you separated from service Before 1 November