Life Insurance for Military Spouses

If you're interested in learning more about life insurance for military spouses, know that it does not come to you automatically. However, you can get it and it is not hard to come by. Life insurance for military spouses can be upward of $100,000 in coverage. It is financially very reasonable and only one of many benefits.

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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: Dec 3, 2020

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Quick Facts

  • Military spouses are entitled to a plethora of benefits.
  • One such benefit is a financially reasonable life insurance program titled Family Servicemembers’ Group Life Insurance.
  • This is far cheaper than your standard life insurance policy and, while not automatic, is easy to sign up for.

Are you wondering about life insurance for military spouses? Not only will we get into whether or not this is available to you as a military spouse, but we’ll also see what other benefits you can take advantage of.

To learn about affordable life insurance for military spouses, you can also read our article on term life insurance for military personnel.

In the meantime, type your ZIP code into our helpful tool above to find reasonable rates for military or army spouse life insurance in your area.

Do military spouses have life insurance?

Is there life insurance policies for military spouses? Through a program titled Family Service Members’ Group Life Insurance (FSGLI), military spouses can receive upwards of $100,000 in life insurance coverage.

What about life insurance for retired military spouses? Let’s take a look at a video further explaining benefits offered by Veterans Affairs (VA).

To receive this coverage, military members must enroll their family members for coverage amounts ranging from $10,000 to $100,000. One thing to keep in mind is that the spouse’s coverage can’t exceed the coverage amount held by the service member him or herself.

This coverage can be obtained at a monthly cost that ranges from 45 cents to $4.50 monthly per $1,000 in coverage based on the age of the spouse. Let’s compare this to how much standard life insurance, like that shown in our State Farm life insurance review, costs.

Average Term Life Insurance Modal Rates
Payment ModeModal FactorPeriodic RatesTotal Annual Rates
Annual1.00$1,000$1,000
Semi-Annual.51$510$1,020
Quarterly.26$260$1,040
Monthly.087$87$1,044
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As you can see, FSGLI coverage is substantially cheaper than your standard, everyday life insurance. In short, as a military spouse, you can get a wide range of life insurance coverage for a reasonable price.

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Does the military provide life insurance for dependents?

Yes, a dependent can receive life insurance, considering the coverage is not specifically geared toward military spouses.

One thing to be aware of is that children of the servicemember (usually the main dependent or dependents we would be talking about) are restricted to a coverage amount of $10,000.

While this is a far cry from the aforementioned upward limit of $100,000, it could still be quite advantageous.

What benefits do military spouses get?

According to militarybenefits.info, there are quite a few benefits military spouses are entitled to in addition to the aforementioned FSGLI. While these benefits are not automatically provided, they are easily attainable.

First off, there’s what is called the MyCAA Scholarship, which offers up to $4,000 in financial assistance to any military spouse pursuing a license, certification, or associate degree. The caveat is that it must be from an institute aligned with the scholarship program.

Military spouses can also utilize a small business loan program called the Patriot Express. Established by the U.S. Small Business Administration (SBA), this assists with the initial cost of establishing a small business and ensuing costs related to expanding said small business.

Other advantages to being a military spouse include military discounts, free on-base classes, military lodging, free healthcare, marriage family counseling, legal assistance, military spouse tax benefits, employment opportunities, and unemployment compensation.

Ready to buy life insurance for military spouses? For life insurance quotes for military spouses, type your ZIP code into our helpful tool below.

Find reasonable insurance life insurance rates for military spouses in your area today.

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Frequently Asked Questions: Life Insurance for Military Spouses

Now you know about life insurance if you’re a spouse of a military member. Hopefully you know which life insurance company for military spouses is for you, but check out some common questions below if you’re still unsure.

#1 – Do veterans get free life insurance?

Yes, it is titled Servicemembers’ Group Life Insurance and is a low-cost group term life insurance program designed for Servicemembers.

#2– Does military life insurance expire?

While the coverage will not expire, premiums will consistently increase with age.

#3 – Is there VGLI spouse coverage?

Yes, unless you yourself decline coverage for your spouse.

#4 – What maximum amount of Servicemembers Group Life insurance coverage is available to personnel?

The maximum amount of coverage is $400,000, which can be purchased in $50,000 increments.

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