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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.
Military retirees and / or their spouses must be enrolled in Medicare Part A, which is Medicareâs hospital insurance, and Medicare Part B, which is Medicareâs medical insurance, to be eligible for TRICARE for Life. Benefits. The types of care covered by TRICARE for Life are discussed in the Overview section above. In addition to care, TFL provides for durable medical equipment (DME) provided the items are 1) medically necessary and 2) prescribed by a physician. One can find greater details about the programâs DME policy here.