SGLI Most Popular List View

  • SGLI at a Glance: What You Need to Know
    Military.com
    Life insurance is one of the most important insurance policies you can have. If you do not have life insurance and sustain an i...
  • Business writing
    SGLI for Reservists
    Military.com|
    Reservists may be covered full or part-time by SGLI. Make sure you know when SGLI starts, when it stops and how much it costs y...
  • Servicemembers Group Life Insurance adviser.
    Beyond SGLI
    Mike McHugh
    Servicemembers Group Life Insurance (SGLI) is part of a servicemember's employee benefit package, but it has limitations.
  • Writing on a paper with a pen.
    Do You Have VGLI?
    Military.com|
    You are guaranteed to be able to convert your SGLI to VGLI if you do it within their time frame, without medical underwriting.
  • Do You Have VGLI? If So Read This
    Military.com
    Our Level Term II policy can save you thousands of dollars in premiums over the life of the policy.

Do You Have VGLI? If So Read This

Veterans Group Life Insurance (VGLI) is a great option for those servicemembers separating or retiring who cannot medically qualify for a regular life insurance policy. You are guaranteed to be able to convert your SGLI to VGLI if you do it within their time frame, without medical underwriting. And, you can even get a discounted rate if you pay annually instead of monthly. HOWEVER, if you can medically qualify, there is a better alternative than VGLI -- AAFMAA.

An AAFMA Level Term II policy can save you thousands of dollars in premiums over the life of the policy. Go to aafmaa.com's "Get a Quote" section and compare a Level Term II policy to VGLI. Select the amount of years you would want the Level Term II policy and your results will pop right up. When you get your quote, you will also see the first two VGLI rate groups for your age. Remember, VGLI premiums increase every five years according to age; Level Term II premiums remain the same for the entire term.

As an example, below are premiums for a $400,000 10-Year Level Term II policy for a 45-year-old male. Monthly premiums are used to calculate total cost for the 10-year term.

Level Term II Rate Category

AAFMAA Monthly Premium

Total cost for 10 Year Term

VGLI Total Cost for 10 Years ($100/mo age 45-49 $160/mo age 50-54)

TOTAL SAVINGS OVER 10 YEARS WITH AAFMAA

Super Select

$20.60

$2,472

$15,600

$13,128

Select

$30.20

$3,624

$15,600

$11,976

Standard

$42.60

$5,112

$15,600

$10,488

 

 

 

 

Even at AAFMAA's Standard rate, the savings over VGLI in this 10-year example equals $10,488.

If you have VGLI, and can medically qualify, you owe it yourself and your family to consider AAFMAA's Level Term II policy.

Call a Membership Coordinator today toll-free at 1-877-398-2263 for more information or visit www.aafmaa.com and Get a Quote.

Level Term II policies can be issued up through age 75 for members and spouses and can last until age 85.

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