Is VGLI Term Life Insurance?

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July 23, 2013

Peggy Mace

Yes, VGLI is Term Life Insurance. Veterans Group Life Insurance is renewable for life, with rates going up in five year bands. E.g. At age 29, $100,000 of coverage costs $8/mo. At age 75, $100,000 costs $450/mo, at rates set in 2008. It is able to be converted to a commercial permanent policy, if desired.

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