16
16
0
B5d4e825
Posted in these groups: Insurance1 InsuranceBack-to-the-future-part-ii-original FutureC92a59d8 FamilyFinance Finance
Avatar_feed
Responses: 3
PVT Mark Zehner
8
8
0
Thank you!
(8)
Comment
(0)
Avatar_small
SGT David A. 'Cowboy' Groth
8
8
0
Great info share thank you.
(8)
Comment
(0)
Avatar_small
SSgt Andrew Urban
4
4
0
I would recommend applying for term life insurance first. If you qualify and can move forward, do so! It is so much cheaper over any other insurance option.

If you have a major medical condition, say PTSD, you will have a struggle with most insurance companies and types. In that case VGLI will likely be your best bet. Do not assume. Try getting that term life!

The VGLI cost over the years is insane! Every 5 years it increases. With a term, you can get one set price for 10, 20 or even 30 years.
(4)
Comment
(0)
Sgt James S.
Sgt James S.
1 mo
AB Edward Mondini - "VGLI is five-year, automatically renewable term coverage This coverage cannot be assigned and does not provide cash or loan value." -- from the FAQ page
(1)
Reply
(0)
LTC Hardware Test Engineer
LTC (Join to see)
29 d
AB Edward Mondini - no, it's not whole life. it's just expensive as hell. If you have the $400K SGLI now you're paying $25/month. That same $400K coverage if you retire at 60 will cost you $432/month and it goes up every 5 years iirc. lot's of other insurance companies out there where you can get the same coverage for much less.
(2)
Reply
(0)
AB Edward Mondini
AB Edward Mondini
29 d
LTC (Join to see) Thank you for enlightening me. Good information.
(0)
Reply
(0)
SSgt Andrew Urban
SSgt Andrew Urban
29 d
Term life was hard to get for me. I actually had the PTSD diagnosis and I kept getting denied for it. It wasnt until I had a my re-eval where I had a great doc help change the diagnosis title to one that included all of the symptons for PTSD but was not called PTSD. It actually kept my rating the same and was just the work around needed.
(0)
Reply
(0)
Avatar_small

Join nearly 2 million former and current members of the US military, just like you.

close