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Veterans Group Life Insurance. Itâs important to consider which life insurance policy is best to ensure your familyâs financial security. When you separate from the military you have the option to convert your SGLI benefit over to VGLI. But, you have a limited time frame after separation to do so â 1 year and 120 days to be exact.
When people think of life insurance, they generally think only of death benefit. But there are some types of life insurance coverage that can actually offer benefits to the insured while they're still living. One of these is universal life insurance (UL).