Veteran_ Resource_ book_2014

BENEFITS AND SERVICES TIME LIMIT HOW TO APPLY
LIFE INSURANCE (CONT’D)
or Operation Iraqi Freedom, regardless of
Visit any VA Insurance
whether they had SGLI coverage. TSGLI
Center or call
pays a benefit of between $25,000 and (800) 419-1473.
$100,000 depending on the loss directly
resulting from the traumatic injury. In
order for a veteran to qulaify for a TSGLI
payment, they must have incurred a
qualifying loss as a result of a traumatic
event that occurred while they were in
the service.
» VGLI (Veterans’ Group Life Insurance) is Must apply within 120 days of
lifetime renewable term life insurance separation or 1 year and 120
for veterans. It is available in increments days if proof of good health is
of $10,000 up to $400,000 but cannot provided. Those on the 2-year
exceed the amount of SGLI coverage in disability extension are
force at the time of the service member’s automatically converted to
separation from service. Premiums are VGLI at the end of the 2-year
age-based.
period.
» FGLI (Family Group Life Insurance) is Coverage terminates 120
life insurance that provides automatic days after service member
coverage to the spouse and children of is released from service.
servicemembers insured under SGLI. Spouse may convert to a
Spousal coverage is available up to commercial policy.
a maximum of $100,000, but may not
exceed the service member’s coverage
amount. Premiums for spousal coverage
are age based. Dependent children are
automatically covered for $10,000 for
which there is no cost.
» SDVI (Service-Disabled Veterans’ For basic, must apply within
Insurance), also called “RH” insurance, two years from date of
is life insurance for service-disabled notification of serviceveterans.
The basic coverage is $10,000. connected disability. For
A $20,000 supplemental policy is supplemental, must apply
available if premium payments for the within one year of approval of
basic policy are waived due to total waiver of premiums.
disability.
» VMLI (Veterans’ Mortgage Life Insurance) Must apply before age 70.
is mortgage protection insurance issued
to those severely disabled veterans
who have received grants for Specially
Adapted Housing from VA. Maximum
coverage of $90,000.