Term Life Insurance For Military Personnel

The Servicemember’s Group Life Insurance program typically provides basic term life insurance for military personnel. The maximum coverage amount provided through SGLI is currently $400,000, with an additional $100,000 in term life insurance for military spouses. If you need additional coverage, search for term life insurance outside of SGLI. Start now with our free quote comparison tool below.

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Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. She has worked for small health in...

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Benjamin Carr was a licensed insurance agent in Georgia and has two years' experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent

UPDATED: Jul 19, 2021

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Memorial Day is traditionally a day for remembering the men and women who have lost their lives while serving in the US Armed Forces. People serving in the military are typically provided with life insurance coverage through the Servicemember’s Group Life Insurance program (SGLI). This government sponsored program provides basic term life insurance for military personnel at a reduced rate. The maximum coverage amount provided through SGLI is currently $400,000. Also, up to $100,000 in term life coverage can be added for a spouse of military personnel.

While this may be sufficient term life insurance coverage for some military personnel and their families, you may require additional coverage. In these instances, you will need to obtain a personal life insurance policy outside of SGLI.

Policies for Military Personnel

Most life insurance companies will consider applications for coverage from active duty military personnel. The company will want to know details about your service, including:

  • Branch of service
  • Rank
  • Duty station
  • Whether you have any orders for duty outside the US
  • Whether you are required to fly in any military aircraft
  • Whether you are a pilot or crew member of any military aircraft

It is easier to get a term life insurance policy while stationed in the US, as you must be present to complete a paramedical exam and sign your paperwork. However, this is not always the case. We have had customers serving overseas who have successfully applied for and purchased term life insurance policies.

Special Considerations

It is also more likely you will be approved for coverage by a life insurance company if you do not currently have orders to serve outside of the US, specifically in designated war zones. Once again, this is a general guideline, and there may be exceptions made by some life insurance companies.

As a member of the US Armed Forces, you are entitled to protection from deceptive marketing practices aimed specifically at military personnel, under the Military Personnel Financial Services Protection Act of 2006. Life insurance companies and their representatives (agents, brokers, etc.) are required to disclose relevant information to you, such as:

  • Subsidized life insurance is available to you from the Federal Government through the SGLI program.
  • The cost and maximum amounts of coverage available through SGLI.
  • The policy you may be considering from the life insurance company is not offered or provided by the Federal Government.
  • Only a licensed agent/producer of the life insurance company can receive compensation for the sale of the policy.
  • The policy includes a ‘free look’ period of at least ten days, during which you may return the policy and receive a full refund.
  • Any additional disclosures required by law.

With so many variables involved in the application process for military personnel, it is best for you to seek professional assistance from a licensed and trusted life insurance agent/broker.

And thank you for your service to our country!

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