Should Nevada veterans get civilian life insurance in addition to VGLI?

VGLI is a renewable term product with premiums that increase significantly with age — rates can become quite expensive in the 60s and 70s. VGLI also lacks cash value accumulation, which means it provides no living benefit. For veterans who want permanent coverage or lifetime protection, civilian policies may be more cost-effective in the long run.

Veterans in good health often find that civilian permanent policies — whole life or indexed universal life (IUL) — offer better long-term value than aging VGLI premiums. IUL policies participate in index gains up to a cap rate (typically 8–12%) while offering a 0% floor on index credit, with applicable policy fees.

Veterans with service-connected conditions should compare civilian underwriting carefully — some conditions may be rated or excluded, while VGLI is available without medical underwriting. Agents in our network can help Nevada veterans compare their VGLI costs against civilian options to determine the most cost-effective approach. Guarantees are backed by the financial strength and claims-paying ability of the issuing insurance carrier.