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Once active duty ends, many veterans may consider getting life insurance. Most veterans are eligible to receive benefits from the U.S. Department of Veterans Affairs. Usually, veterans’ life insurance coverage lasts up to 120 days after if you decide to leave the service, but it’s important to have a plan ready once that time is up.1 Luckily, there are several options, including Aflac whole and term life insurance policies for individuals and families. Let’s dive deeper into how life insurance for veterans works and the different policies available so that you can find the best plan for you and your loved ones.
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Life insurance for veterans provides coverage designed to help meet veterans’ needs. Many servicemembers are eligible for SGLI, the VA’s reduced-rate life insurance program. If you pass during your service, your named beneficiaries will receive a death benefit. However, SGLI typically expires 120 days after you leave the service, so it may be worth exploring private options, as well.
Private life insurance may offer several benefits:
SGLI provides coverage for active-duty personnel, while S-DVI provides extended coverage for disabled veterans. There are many potential limitations and eligibility requirements for these plans, so it’s crucial to understand if you qualify.3
If you don't qualify, you may still have other veterans’ life insurance options. Private life insurance plans may provide access to a greater death benefit, competitive prices, and other living benefits.
Although SGLI and VGLI life insurance options are offered to eligible servicemembers, the coverage may not meet all the veterans' needs. Choosing a plan with a private insurance company may offer more of the benefits you desire. It all depends on what you’re looking for in a life insurance policy.
When shopping for a policy, keep these considerations in mind:
Don’t wait until it’s too late. Help cover yourself and your family with coverage from Aflac.
Get StartedIf you're a veteran, the best way to find out if you have life insurance is by visiting the U.S. Department of Veterans Affairs website. There, you should be able to access your life insurance policy online through your file number. You can learn about your policy benefits and make changes.2
Some veterans will qualify for full-time life insurance coverage, while others will only have access to part-time.1 Premium rates will vary depending on the coverage level you choose to apply for. If you have an SGLI plan the funds will automatically be taken out of your base pay.1 You may be able to access more information by talking to the leader of your unit.
If you choose to get life insurance from a private company, two of the most common types of policies are:
Aflac offers various term and whole life insurance options with a variety of benefits that may be available for veterans.
Unfortunately, veterans don’t get life insurance for free. However, many life insurance plans for veterans come with agreeable premiums. So, although you’ll have to pay for a policy, you can enjoy competitive coverage.
The cost of life insurance for veterans varies from company to company. Premium payments will typically depend on your age, medical history, coverage goals, and history of smoking. If you choose to go with a private company, the rates also vary between term and whole life insurance plans. The best plan for you may depend on what coverage you need and how much you’re willing to pay in premiums.
Life insurance for veterans can help financially protect your loved ones if you pass away. If you decide you’re looking for other benefits than what’s offered through the Veteran’s Association, you still have alternatives. Aflac offers whole life and term life insurance plans that may be available for veterans. Explore our portable, transparent, and detailed life insurance coverage to see if a plan works with your history.
Get Started
Life insurance for seniors can help you protect the ones you love. Find out more about affordable life insurance options and get a quote from Aflac today.
There are many ways that one can start planning, including factoring in life insurance for retirement.
Life insurance for seniors can help you protect the ones you love. Find out more about affordable life insurance options and get a quote from Aflac today.
There are many ways that one can start planning, including factoring in life insurance for retirement.
1 U.S. Department of Veteran Affairs. “Servicemembers’ Group Life Insurance (SGLI)” - Updated February 21, 2025. Accessed March 18, 2025. https://www.va.gov/life-insurance/options-eligibility/sgli/
2 U.S. Department of Veteran Affairs. “VA Life Insurance” - Updated November 15, 2024. Accessed February 20, 2025. https://www.va.gov/life-insurance/
3 U.S. Department of Veteran Affairs. “Service-Disabled Veterans Life Insurance (S-DVI)” - Updated January 3, 2023. Accessed February 20, 2025. https://www.va.gov/life-insurance/options-eligibility/s-dvi/
Content within this article is provided for general informational purposes and is not provided as tax, legal, health, or financial advice for any person or for any specific situation. Employers, employees, and other individuals should contact their own advisers about their situations. For complete details, including availability and costs of Aflac insurance, please contact your local Aflac agent.
Aflac coverage is underwritten by American Family Life Assurance Company of Columbus. In New York, Aflac coverage is underwritten by American Family Life Assurance Company of New York.
Aflac life plans – A68000 series: Term Life Policies: In Arkansas, Idaho, Oklahoma, Oregon, Texas, Pennsylvania & Virginia, Policies: ICC1368200, ICC1368300, ICC1368400. In Delaware, Policies A68200, A68300 & A68400. In New York, Policies NY68200, NY68300 and NY68400. Whole Life Policies: In Arkansas, Idaho, Oklahoma, Oregon, Texas, Pennsylvania & Virginia, Policies: ICC1368100. In Delaware, Policy A68100. In New York, Policy NYR68100. B60000 series: In Arkansas, Idaho, Oklahoma & Virginia, Policies: ICC18B60C10, ICC18B60100, ICC18B60200, ICC18B60300, & ICC18B60400. Not available in Delaware. Q60000 series/Whole: In Arkansas & Delaware, Policy Q60100M. In Idaho, Policy Q60100MID. In Oklahoma, Policy Q60100MOK. Not available in Virginia. Q60000 series/Term: In Delaware, Policies Q60200CM. In Arkansas, Idaho, Oklahoma, Policies ICC18Q60200C, ICC18Q60300C, ICC18Q60400C. Not available in Virginia.
Receipt of accelerated death benefits may affect eligibility for public assistance programs. Benefits may also be taxable, and are not expected to receive the same favorable tax treatment as other types of accelerated death benefits that may be available.
Aflac Final Expense insurance coverage is underwritten by Tier One Insurance Company, a subsidiary of Aflac Incorporated and is administered by Aetna Life Insurance Company.
Tier One coverage is underwritten by Tier One Insurance Company. Tier One Insurance Company is part of the Aflac family of insurers. In California, Tier One Insurance Company does business as Tier One Life Insurance Company (NAIC 92908).
Life, Final Expense: In AR, DE, ID, OK and VA: Policies ICC21-AFLLBL21 and ICC21-AFLRPL21; and Riders ICC21-AFLABR22, ICC21-AFLADB22, and ICC21-AFLCDR22. Aflac Final Expense policies are not available in New York.
This is a brief product overview only. Coverage may not be available in all states ,including but not limited to ID, NJ, NM, NY, VA or VT. Benefits/premium rates may vary based on plan selected. Optional riders may be available at an additional cost. Plans and riders may also contain a waiting period. Refer to the exact plans and riders for benefit details, definitions, limitations and exclusions. For availability and costs, please contact your local Aflac agent/producer.
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