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Veterans Group Life Insurance (Vgli)
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rpowell01
Can anybody tell me the year this program/insurance was created? I don't remember being offered this whenever I was discharged from the Army. Its a life insurance that allowance a service member to convert their SGLI to VGLI to keep their policy as long as the premiums are paid.
On the VA's website it reads:
You have 1 year and 120 days from your date of separation to apply for VGLI. If you apply for coverage within 240 days of your date of separation, you will not need to answer health questions.
Nowhere does it show when it was created. I am just wondering if it was created after I was discharged and if its offered retro to veterans. The NSLI only has a maximum of 10k and I need something more to take care of my family just in case I go home to be with The Lord.
Or can anybody link me to a good insurance company that offers great life insurance at a low premium.
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