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

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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