#Middlebury #LifeInsurance #PremiumDiscount
VETERANS POST
By Freddy Groves
If you have life insurance through the Department of Veterans Affairs, you’ll be pleased about what’s coming in 2025: a discount in your premiums. Whether you are insured with Veterans’ Group Life Insurance (VGLI), Servicemembers’ Group Life Insurance (SGLI) or Family Servicemembers’ Group Life Insurance (FSGLI), your premiums will be discounted in varying amounts.
For veterans covered under VGLI, your costs will go down somewhere between 2% and 17%, with most averaging around 11%, depending on your age.
Spouses who receive coverage via FSGLI will see discounts between 11% and 22%, depending on age.
Active duty and those covered under SGLI will see a cost reduction of one cent per every $1,000 of coverage, bringing the cost of maximum coverage ($500,000) down to $25 per month.
And no, you don’t have to ask for it. These discounts will be automatic.
There are others types of insurance through the VA as well. See www.va.gov/life-insurance for information on eligibility, and the other forms of insurance that are available, such as mortgage life insurance (if you have a service-connected disability and a specially-adapted home), whole life insurance (if you have a service-connected disability), group life insurance (after you’re out of the service) and Traumatic Injury Protection (if that ever becomes necessary after an injury).
If you’re already covered and want to check your policy, pay the premium, see the details of your insurance or change beneficiaries, you can do that online. However, accessing your policy online depends on the type of policy it is. See www.va.gov/life-insurance/manage-your-policy for the details about whether your access will be though the VA portal, through Prudential or via milConnect.
As of now, the VA’s insurance covers over 5 million veterans, active duty and families, but there’s always room for more. If you’re not currently covered and you want to explore getting insurance coverage, see www.va.gov/life-insurance/options-eligibility for your options.
A heads up: You’ll need to sign up for certain types of insurance in the first 120 days when you leave the service.
© 2025 King Features Synd., Inc.
