Making a decision about converting your SGLI and whether VGLI is worth it, is important. Nettles Insurance has  personal experience and expertise on the process. We hope we can provide some clarity and points to consider. 

How do I convert my SGLI?

To convert your SGLI you can reach out to a qualified insurance advisor to help. WeSoldier contemplating converting SGLI and VGLI recommend selecting an insurance advisor who specializes in SGLI conversions as they will be able to compare rates between several carriers and help navigate the process and ensure all of the proper paperwork is submitted along with the application.

Is VGLI worth it?

Yes, VGLI is worth it as you are transition from the military. You can keep your costs low early on and convert to a permanent policy later. The VGLI allows you to protect your entitlement, which you worked hard for, that guarantees you the ability to get life insurance coverage, regardless of health conditions or disabilities. I took the VGLI route for nearly 10 years before converting to a permanent policy. Some service members maintain their VGLI coverage during their working career and opt-out once they reach the age when premiums skyrocket. Either way, VGLI is an excellent way to preserve a benefit that could make all the difference to those you want to be taken care of after you are gone.

What does VGLI cover? (Pros and cons about conversion)

VGLI gives you coverage up to $400,000 and preserves your entitlement to convert to a permanent policy regardless of your age or health conditions. You can apply for VGLI within 1 year and 120 days of leaving the military. If done within 240 days of leaving the military you will not need to prove you are in good health to sign up. After 240 days you may need to undergo a medical examination. The benefit of converting from VGLI is that your premiums become locked in and you will have a level premium for the rest of your life. The drawback is that the cost per year for the same coverage increases significantly. When I converted at age 32 my premiums went from about $400 for VGLI to about $5,000 per year for the permanent policy. The upside was the steady growth of cash value.

Does SGLI pay its beneficiaries in case of suicide?

Yes, SGLI will still pay beneficiaries in cases of suicide as there is no contestability period or suicide clause for SGLI, FSGLI, or VGLI.

Does life insurance pay in the case of suicide?

Life insurance companies employ a period of contestability or suicide clauses. Usually, this lasts 2 years. The exclusion clause usually reads as follows:

“Suicide by the insured, while sane or insane, within two years from the Issue Date is not covered by this policy. If this occurs, the policy will end, and the death proceeds payable to the Beneficiary will be equal to the premiums paid less any outstanding policy loans as of the date of death, and an adjustment for any dividends paid.

After this period, as defined in each contract, the full death benefit will be paid to the beneficiaries. That being said, if someone you know is considering suicide to have life insurance please seek help or call the National Suicide Prevention lifeline at 800-273-8255 or visit

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(410) 929-7752

Address 4445 Corporation Ln, Ste 264

Virginia Beach, VA 23462


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