Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

I saw a story recently about coverage increasing for veterans insurance. How do I go about getting the new, higher coverage?

April 26, 2017coverage Insurance saw story veterans

0

Posted

I saw a story recently about coverage increasing for veterans insurance. How do I go about getting the new, higher coverage?

1 Answer

0

Posted

The federal law governing VAs life insurance program says that the maximum coverage veterans can receive under the Veterans Group Life Insurance (VGLI) program is the maximum amount of coverage they purchased during their military days under Service members Group Life Insurance (SGLI). In other words, if you purchased $100,000 in life insurance during your active-duty days, VGLI limits you to a maximum of $100,000. These limits, of course, dont apply to non-VA insurance that veterans might purchase. Under a change that took effect April 1, $250,000 is the maximum coverage with SGLI. Veterans who had $250,000 under SGLI when they discharged after April 1 can purchase $250,000 in coverage under VGLI.