Veteran life insurance policies are designed to provide financial protection to service members
and their families. These policies come in various types and have different terms and
conditions. It is important to understand what these policies entail before opting for one. In this
blog post, we will discuss the four things you should know about veteran life insurance policies.
1. Types of Veteran Life Insurance Policies:-
There are two main types of veteran life insurance policies: Service members’ Group Life
Insurance (SGLI) and Veterans’ Group Life Insurance (VGLI). SGLI is a life insurance policy
offered to active duty members, members of the Selected Reserve, and National Guard
members. VGLI is a life insurance policy available to those who are no longer on active duty but
who were insured under SGLI.
2. Coverage Amount:-
The amount of coverage available under SGLI is limited to $400,000. The amount of coverage
available under VGLI is based on the amount of coverage the service member had under SGLI,
up to a maximum of $400,000. The coverage amount for both policies may be less than
$400,000 depending on the service member’s situation.
If you need veteran life insurance policies, contact Tillman Insurance Advisors.
No comments:
Post a Comment