The U.S. Department of Veterans Affairs has updated information on the SGLI Disability Extension. The program allows Servicemembers, who are totally disabled at time of discharge, to retain the Servicemembers' Group Life Insurance (SGLI) coverage they had in service at no cost for up to two years.
I feel this is a promising program for our wounded warriors. It provides disabled veterans, who may not qualify for commercial policies, the abililty to maintain life insurance coverage after discharge at no cost, especially at a time where their income may be limited.
I will look into the steps required to transition to VGLI and keep you posted on my findings.
If you have any friends or family members that may benefit from this program, click on the link below to access useful information from the Department of Veterans Affairs website: http://www.insurance.va.gov/sgliSite/SGLI/sglidisabled.htm
Also, you can download the SGLI Disability Extension Application and Instructions form by clicking on this link: http://www.insurance.va.gov/sgliSite/forms/8715%2806-2011%29.pdf
Vice President for Marketing and Sales