Whole Life insurance For Veterans

Veterans’ Group Life Insurance (VGLI) permits Veterans to convert their SGLI to a civilian program of lifetime renewable term coverage not to be confused with whole life insurance, after separation from service. Disabled Veterans are eligible for free coverage and have the opportunity to purchase additional life insurance. Woody’s Insurance is veteran owned and operated. If you are a Veteran we can help.

life insurance for 100% disabled veterans

Service-Disabled Veterans Life Insurance (S-DVI) provides low-cost coverage to eligible veterans. If you have a service-connected disability, find out how to apply for S-DVI online , mail or contact us at Woody’s Insurance 888-252-4440.

life insurance for disabled veterans

You may be eligible for S-DVI if you meet all of the requirements listed below.

All of these must be true. You:

  • Were released from active duty on or after April 25, 1951, and didn’t receive a dishonorable discharge, and
  • Were rated for a service-connected disability (even if only 0%), and
  • Are in good health except for any service-connected conditions, and
  • Apply within 2 years from the date we grant your new service-connected disability

Note: An increase of a rating you had before—or a rating of Individual Unemployability, meaning you can’t work—doesn’t qualify you for S-DVI.

 

Life Insurance For Veterans Over 60

Veterans can receive between $10,000 to $400,000 of coverage depending on their previous SGLI policy’s coverage level. It’s also possible to increase coverage limits $25,000 every five years—up to $400,000—until reaching age 60

veterans life insurance death benefits

  • The Department of Veterans Affairs (VA) offers life insurance policy options for veterans
  • As a veteran, your life insurance death benefit ranges from $10,000 to $400,000 based on the amount of Servicemembers’ Group Life Insurance (SGLI) coverage you had when you left the military
  • To keep SGLI life insurance after you retire, you must pay premiums, which increase with age
  • You may be able to skip the medical exam when you get Veterans’ Group Life Insurance (VGLI)
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