Life Insurance For Navy Veterans
Explore va life insurance options for veterans service members and eligible family members.
Life insurance for navy veterans. 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 offers whole life insurance that can be tailored to fit your individual budget and estate planning needs. Coverage amounts vgli coverage is issued in multiples of 10 000 up to a maximum.
You can also increase your coverage by 25 000 every 5 years up to 400 000 until you re 60 years old. 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. 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.
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. Some military life insurance policies are determined by how long the veteran served in the military or by the military branch in which the veteran served.
When you leave the military you can sign up through vgli for coverage up to the amount you had through sgli. Navy mutual provides affordable life insurance and annuities to those who serve or have served our nation. Common types of life insurance for veterans include the following plans.