LIFE INSURANCE FOR VETERANS

Life Insurance for
Veterans

Military service members and veterans deserve affordable, flexible coverage that goes beyond SGLI and VGLI. Asurgo helps you compare private options from 25+ carriers to find the right fit for your family.

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Beyond SGLI/VGLI No Exam Options 25+ Carriers
Home > Life Insurance For You > Veterans
25+
Carriers Available
50
States Licensed
$25/mo
Starting Rates
24hrs
Coverage Available

UNDERSTANDING YOUR OPTIONS

Life Insurance for Military Families

SGLI provides up to $400,000 in coverage during active duty, but that coverage ends within 120 days of leaving the military. For many veterans, this creates a gap at exactly the moment their family needs protection most. Private life insurance closes that gap permanently, with level premiums and coverage that does not depend on your service status.

VGLI is the government's conversion option, but it comes with real drawbacks. Premiums increase every five years and there is no cash value component, meaning you are paying more over time for a policy that never builds equity. Healthy veterans in their 30s and 40s typically qualify for private term or whole life coverage at significantly lower rates than VGLI.

Asurgo shops 25+ carriers to find the right fit for your health profile and coverage goals. Whether you separated last year or served decades ago, we can help you find a policy that protects your family without overpaying for coverage that does not grow with you.

YOUR OPTIONS

Coverage Options for Veterans

Term Life Insurance

Affordable coverage for a set period, making it the most direct replacement for SGLI. Lock in a rate today and maintain the same level of protection your family had while you were on active duty, often at a lower monthly cost than VGLI.

Whole Life Insurance

Permanent coverage that never expires and builds cash value over time. A strong choice for veterans who want a policy that grows alongside their financial plan and does not require renewal or re-qualification as they age.

Final Expense Insurance

Whole life coverage from $5,000 to $50,000 designed for older veterans. No medical exam on most plans, with simplified underwriting that accommodates many service-connected health conditions.

Mortgage Protection Insurance

Protect your family's home if something happens to you. Coverage is matched to your remaining mortgage balance so the house stays in the family regardless of what life brings.

PRODUCTS

Recommended Products for Veterans

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TERM LIFE

Term Life Insurance

Replace your SGLI coverage with private term life at a rate you lock in today. Coverage levels from $100,000 to $1 million with no annual premium increases.

Replaces SGLI Level Premiums
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WHOLE LIFE

Whole Life Insurance

Permanent protection that builds cash value over time. A solid long-term alternative to VGLI for veterans who want coverage that never expires and grows in value.

Builds Cash Value Never Expires
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FINAL EXPENSE

Final Expense Insurance

Coverage for funeral and end-of-life costs tailored to older veterans. Plans from $5,000 to $50,000 with no medical exam and broad health acceptance.

No Medical Exam Ages 45 to 85
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MORTGAGE PROTECTION

Mortgage Protection Insurance

Keep your family in their home. Coverage matched to your remaining mortgage balance so the house is protected if something happens to you.

Term-Matched Same-Day Quotes
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CARRIER PARTNERS

Carriers We Work With

Asurgo works with 25+ top-rated insurance carriers to find you the best coverage at the lowest rate. Many of these carriers have specific programs and underwriting experience with veterans and military families.

Mutual of Omaha Transamerica Gerber Life Aetna Americo AIG Foresters Financial F&G Life National Life Group

Carrier availability varies by individual health factors and coverage type.

FREQUENTLY ASKED QUESTIONS

Life Insurance for Veterans FAQ

Do veterans need life insurance beyond SGLI?
Yes. SGLI coverage ends when you leave the military, leaving your family without protection unless you convert or find a replacement. Private life insurance fills that gap permanently, often at a better rate than VGLI.
Is private life insurance cheaper than VGLI?
Often yes, especially for veterans in good health. VGLI premiums increase every five years and have no cash value component. Many private carriers offer lower rates with level premiums locked for the life of the policy.
Can veterans with service-connected disabilities get coverage?
Yes. Many carriers work with veterans who have service-connected conditions. Simplified issue and guaranteed acceptance plans are available with no medical exam, and some carriers are experienced in underwriting disability-related health histories.
Do I need a medical exam?
Not for many plans. Simplified issue policies use a short health questionnaire with no exam. Guaranteed acceptance plans require neither health questions nor an exam, making them accessible to veterans with complex health histories.
What happens to SGLI when I leave the military?
SGLI coverage ends 120 days after separation. You can convert it to Veterans Group Life Insurance (VGLI), but VGLI is typically more expensive than comparable private coverage and does not build cash value. Asurgo can compare VGLI rates against private options to help you decide.

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We shop 25+ carriers to find the best rate for your health profile and coverage needs. Same-day quotes. No obligation.

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