What life insurance options are available to military members and veterans in Nevada?
Answer
Military members and veterans have access to several life insurance programs. Servicemembers' Group Life Insurance (SGLI) provides up to $500,000 in coverage for active-duty personnel at group rates. Veterans' Group Life Insurance (VGLI) allows veterans to convert SGLI to renewable term coverage without a medical exam if applied for within 240 days of separation.
Veterans with service-connected disabilities may qualify for Service-Disabled Veterans' Life Insurance (S-DVI), and those who had VGLI lapsed due to financial hardship may qualify for Veterans' Mortgage Life Insurance (VMLI) if they received an SAH grant.
Beyond government programs, Nevada veterans can access the full range of civilian life insurance products — term, whole life, IUL, and universal life — from A-rated (A.M. Best) carriers. Civilian coverage provides benefits SGLI and VGLI do not: permanent cash value accumulation, beneficiary flexibility, and coverage not tied to military status. Agents in our network can help veterans evaluate civilian options alongside their government coverage.
Key Takeaways
- SGLI provides up to $500,000 for active-duty members; VGLI allows conversion without a medical exam.
- Veterans have 240 days after separation to convert SGLI to VGLI without medical underwriting.
- Civilian life insurance offers permanent coverage, cash value, and features SGLI/VGLI do not.
- Nevada veterans can access civilian coverage from A-rated (A.M. Best) carriers.
Related Resources
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