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Retirees & Veterans

Life Insurance for Veterans

You put your life on the line to protect us. We’re here to help protect your military family.

While on active duty, servicemembers have access to life insurance benefits through Servicemembers' Group Life Insurance (SGLI), a group term life insurance program for servicemembers and their dependents. Upon transitioning out of the military, retirees and veterans can convert their SGLI policy into a VGLI policy—Veterans' Group Life Insurance. However, AAFMAA offers Veteran life insurance options designed to meet your family’s needs.  




If you are getting ready to retire and considering options for your life insurance needs, AAFMAA could be the answer. Before you automatically choose VGLI, check us out first. AAFMAA is a Veterans’ insurance company that offers financial solutions designed exclusively for the military community. Our term life insurance products can save you thousands of dollars over VGLI, just give us a call for a free, no-obligation quote to compare.

“I have been an AAFMAA Member for many years and want you to know how much my family and I appreciate the outstanding service we have received over the years from your superb staff. Their patience with my efforts to understand some of the complex transactions I was undertaking was remarkable.” 

— LTC. Alvaro Gonzalez, U.S. Army (Retired)
Member since 1965 

Selecting life insurance to protect your family after you leave the service should be easy and always affordable. Call one of our Membership Coordinators at 1-866-311-1812 or get a free, no-obligation quote online today. We’ll provide the right solution to meet your needs.

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Veteran Life Insurance Options

Level Term II

Extreme flexibility. You pick the coverage. The affordable option for short- and long-term Veteran life insurance.

Simple Term

Simplified application. No medical exams. Protection up to $200,000.

Wealth Builder Life Insurance

For members of any age, any medical status, with the option to annuitize.

Guaranteed Acceptance+

Acceptance guaranteed, coverage for life. No medical exam or questions.

Final Expense+

Leave your family with the financial security they deserve. Acceptance guaranteed. No medical exam or questions.

Veterans' Group Life Insurance (VGLI)

All servicemembers on active duty have access to life insurance benefits through Servicemembers' Group Life Insurance (SGLI). Upon transitioning out of the military, Veterans can purchase Veterans’ Group Life Insurance (VGLI). Both are group term life insurance programs for current and former servicemembers and their dependents, respectively.

While military life insurance does have its benefits, it’s important to understand what VGLI offers so you can compare it to alternative military life insurance options. We’ve compiled a list of frequently asked questions and answers to help you decide if VGLI is the best policy for you, or if it’s time to research other options.

When military personnel transition out of the service, they become eligible for Veterans' Group Life Insurance (VGLI), which provides life insurance coverage up to the amount they had through SGLI.

However, unlike SGLI, VGLI premiums increase significantly every five years, and servicemembers are only able to increase their coverage by $25,000 every five years — up to a maximum of $400,000 — until the age of 60.

No. After leaving the military, you must actively purchase Veterans’ Group Life Insurance (VGLI). You have one year and 120 days after your transition date to apply and qualify.

You can renew your VGLI coverage every five years, and it does not expire if you make your premium payments on time. There are no age or term limits on the coverage.

When you apply within your first 240 days of transition, you are eligible for VGLI without proof of good health, even if you have sustained a traumatic injury or developed other severe health conditions. If you apply for VGLI coverage after 240 days, you must answer health questions and prove you are in good health.

Yes, the VA offers VGLI coverage to Veterans and servicemembers. It’s also available for military spouses and dependent children.

Yes. Service-Disabled Veterans Life Insurance, or S-DVI, covers qualifying servicemembers at a reasonable rate. Learn how to apply for S-DVI online if you have a service-connected disability.

Any coverage purchased during your eligibility period takes effect on the following VGLI anniversary date. Your billing statements won’t show the cost of the additional VGLI coverage until the month it becomes effective.

Remember, if you are billed on a quarterly, semi-annual, or annual basis, you will not see your premium increase until your next bill. Your increased coverage is effective on your VGLI anniversary date.

You can increase your VGLI coverage by $25,000 if you meet the following requirements:

  • You must request additional coverage during your eligibility period, which is 120 days prior to your next five-year VGLI anniversary.
  • Your total amount of coverage cannot exceed the legislated maximum amount of $400,000.
  • You must be under the age of 60.

AAFMAA’s life insurance needs calculator is a great tool to use when determining how much life insurance you need. We also offer a life expectancy calculator to help you estimate how many years of coverage you should plan for.

AAFMAA offers a variety of life insurance policies for Veterans that you can purchase in lieu of VGLI. Popular options include Level Term II Life Insurance and Value-Added Whole Life Insurance. Compare your options and find the best solution today!

Several of our whole life policies do not require a medical exam, including ANNUITYLife®, Wealth Builder Life Insurance, Simple Term Life Insurance, Guaranteed Acceptance+, and Final Expense+. Find out which policy is best for you by calling an AAFMAA Membership Coordinator at 877-398-2263.


AAFMAA’s life insurance policies are designed exclusively for the military community. We’re dedicated to providing the most affordable solution without sacrificing quality or personal service.

If you’re interested in AAFMAA’s life insurance for Veterans, go online and request a free quote or call us at 877-398-2263 to consult with an expert who can walk you through your options and answer any questions you have. We look forward to welcoming you to AAFMAA.