VGLI is a life insurance program that allows service members to convert their Servicemembers' Group Life Insurance (SGLI) coverage to renewable term insurance.

Members with full-time SGLI coverage are eligible for VGLI when they leave the service. VGLI, like SGLI, is overseen by the VA but is administered by the Office of Servicemembers' Group Life Insurance.

VGLI provides up to a maximum of $400,000 of insurance coverage and is issued in $10,000 increments up to the amount of SGLI the member had in force at the time of separation. VGLI premiums are based upon the separating member's age.

For those insured for less than $400,000, additional increments of $25,000 of coverage can be purchased every five years until age 60.

*** Eligibility For VGLI ***

You may be able to get VGLI if you meet at least one of the requirements listed below.

* At least one of these must be true. You: *

- Had part-time Servicemembers’ Group Life Insurance (SGLI) as a member of the National Guard or Reserves, and you suffered an injury or disability (damage to your body or mind that makes it hard for you to do everyday tasks, including meaningful work) while on duty—including direct traveling to and from duty—that disqualified you for standard premium insurance rates, or

- Had SGLI while you were in the military and you’re within 1 year and 120 days of being released from an active-duty period of 31 or more days, or Are within 1 year and 120 days of retiring or being released from the Ready Reserves or National Guard, or

- Are within 1 year and 120 days of assignment to the Individual Ready Reserves (IRR) of a branch of service, or to the Inactive National Guard (ING). This includes members of the United States Public Health Service Inactive Reserve Corps (IRC), or

- Are within 1 year and 120 days of being put on the Temporary Disability Retirement List (TDRL)

Who’s covered?

- Veterans
- Former service members

*** How do I get these benefits? ***

You’ll need to apply for VGLI within one year and 120 days of leaving the military.

If you sign up within 240 days of leaving the military, you won’t need to prove you’re in good health. If you sign up after the 240-day period, you’ll need to submit evidence that you’re in good health.

More details available at:
https://www.va.gov/life-insurance/options-eligibility/vgli/

https://www.military.com/benefits/veteran-benefits/veterans-group-life-insurance.html

https://www.benefits.gov/benefit/281

*Note - These given details are referenced from given website.
