Life Insurance


Key Considerations:


  • SGLI (Servicemembers' Group Life Insurance):

    • The military offers up to $500,000 in coverage for active-duty members, which is often cheaper than private insurance. Evaluate if this meets your needs or if you need additional private coverage.


  • Convertibility:

    • Check if the policy can be converted to Veterans' Group Life Insurance (VGLI) after leaving service.


  • Disability and Critical Illness Riders:

    • Look for policies that provide benefits if you're injured or diagnosed with a serious illness, as these are common risks in military service.


  • Beneficiary Considerations:

    • Make sure to update your beneficiary information, especially if family circumstances change.


What to Look For:


  • No War Clause:

    • Ensure the policy doesn’t exclude death benefits in combat or war zones.


    • Financial Stability:

      • Choose a reputable insurer with a strong financial rating.