What does VGLI stand for in relation to veteran's benefits?

VGLI stands for Veteran's Group Life Insurance. This program allows veterans to convert their Servicemembers' Group Life Insurance (SGLI) to a renewable term life insurance policy after leaving active duty. VGLI provides veterans with the ability to maintain life insurance coverage without having to undergo a medical examination, which can be beneficial for many individuals transitioning to civilian life. The insurance amount can range up to the amount of SGLI coverage held and can be renewed annually for life, provided premiums are paid. This emphasizes the support system in place for veterans, ensuring they have access to important benefits even after their service has concluded.