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Veterans can opt for group life insurance through Veterans Affairs' VGLI or get individual life insurance. Active duty military have SGLI group life insuranceSchaffer said active duty servicemembers are offered group life insurance of up to $400,000, known as Servicemember's Group Life Insurance (SGLI). Group life insurance is generally the cheapest life insurance you can get. Insider's Featured Life Insurance Companies Lemonade Life InsuranceNationwide Life InsuranceGuardian Life Insurance Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Term life insurance Permanent life insurance Ends after a specified time frameIncludes death benefitMore affordable Lasts your lifetimeIncludes a death benefitCash value that can be used during your lifetimeMore expensive than term life in the early years of the policy
Persons: , Rob Schaffer, Schaffer, SGLI Organizations: Veterans Affairs, Service, Life Insurance, Department of Veterans Affairs, Life, Veterans Group Life Insurance, of Veterans Affairs Locations: USAA, SGLI, VGLI
Military families find money matters complex
  + stars: | 2019-05-23 | by ( Dick Powers | Power Plans | ) www.nbcnews.com   time to read: +6 min
Almost half of service members are under the age of 25, and a high percentage are married with children. So, what do they need to do to stay financially ready, for both the military life and after they leave? SGLI is a group life insurance policy purchased by the Department of Veterans Affairs from a commercial life insurance company. Perhaps the most important thing service members and their families, or any young couple, can do is to have a budget. Of course, service members need to be willing to ask for some assistance with their money matters.
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