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Veterans Group Life Insurance
(redirected from VGLI)

   Also found in: Acronyms 0.01 sec.
Veterans Group Life Insurance
Also called VGLI. Term life insurance offered by the Veterans Administration in the United States to former service members who purchased Servicemembers Group Life Insurance while they were in the military. Veterans who sign up for VGLI within 120 days of discharge are not required to submit evidence of good health to be eligible. Premiums are the same for both male and female veterans and are not higher for smokers. Likewise, veterans may not be excluded for mental problems such as post-traumatic stress disorder.


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For example, they cannot be used to vote in state and federal elections, to create wills, or to change beneficiaries for SGLI or VGLI life-insurance coverage.
When they leave the service, they can convert to VGLI [Veterans Group Life Insurance], another government-sponsored term plan whose premiums rise as the policyholder ages.
In addition, she pays $22 a month for a $200,000 VGLI life insurance policy, $16.
 
 
 
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