Life Insurance For Navy Veterans
You can also increase your coverage by 25 000 every 5 years up to 400 000 until you re 60 years old.
Life insurance for navy veterans. Navy mutual offers whole life insurance that can be tailored to fit your individual budget and estate planning needs. A nonsmoking 55 year old male can expect to pay between 38 50 and 50 75 per month for 10 year level term insurance and 433 50 per month for life time value whole life insurance. Whole life insurance is permanent life insurance.
Vgli like sgli is overseen by the va but is administered by the office of servicemembers group life insurance. Coverage amounts vgli coverage is issued in multiples of 10 000 up to a maximum. Common types of life insurance for veterans include the following plans.
If you are an active duty reserve guard or retired servicemember in any branch of the united states military or uniformed services we d be honored to serve you. Veterans life insurance can also be confusing because there are so many different types available. When you leave the military you can sign up through vgli for coverage up to the amount you had through sgli.
This coverage combines a guaranteed death benefit and fixed premium with the option to access the policy s tax advantaged cash value and potential dividends. 10 000 to 400 000 in life insurance benefits based on the amount of sgli coverage you had when you left the military. Navy mutual provides affordable life insurance and annuities to those who serve or have served our nation.