Sara Routhier, Managing Editor and Outreach Director, has professional experience as an educator, SEO specialist, and content marketer. She has over five years of experience in the insurance industry. As a researcher, data nerd, writer, and editor she strives to curate educational, enlightening articles that provide you with the must-know facts and best-kept secrets within the overwhelming world o...

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years

UPDATED: Jun 3, 2021

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The Brief

  • Life insurance for military spouses can be purchased through a private company or the FSGLI program
  • FSGLI policies are the most affordable option but are tied to the servicemember’s employment with the military
  • Private life insurance companies offer spouses more options in types of policies but cost more

Did you know that life insurance for military spouses is available in two different ways?

Keep reading to learn more about the group term life insurance and private life insurance options available to military spouses. Before you buy term life insurance, compare companies to find the best coverage for you.

Do you want to start searching for the best life insurance rates for military spouses? Enter your ZIP code above, and we will help you find a company that is right for you.

What are the best life insurance options for military spouses?

As a military spouse, you are entitled to military spouse benefits, including access to affordable life insurance.

There are two main ways to get life insurance as a military spouse: purchasing a private insurance policy or getting a spousal policy through the VA’s Family Servicemembers’ Group Life Insurance plan (FSGLI).

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Who offers the most affordable life insurance for military spouses?

Far and away, FSGLI life insurance policies are more affordable than private life insurance policies.

Let’s take a quick look at three life insurance quotes for military spouses from three different providers, Haven Life, Mutual of Omaha, and SGLI.

SGLI vs. Haven Life vs. Mutual of Omaha Average Monthly Rates
CompanyAverage Monthly Rates
Haven Life$8.87
Mutual of Omaha$9.59
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As you can see, while Mutual of Omaha and Haven Life offer great rates, they are nowhere near as affordable as an SGLI spousal policy.

Choosing between private vs. FSGLI policies

Both private and group life insurance plans have their benefits. Let’s start with private policies.

Private policies are available everywhere. They are tied directly to you as the spouse and move with you from job to job, not tied to anything except your ability to pay the monthly rates to keep them active.

Private policies are also more customizable. You can get term or whole life policies, attach riders to fit your unique needs, and have variable benefits.

Group life insurance policies like FSGLI have the benefit of being very affordable.

In fact, it isn’t easy to find any life insurance policies that will offer you rates anywhere close to what you can get an FSGLI policy for monthly.

Because the VA acts as the life insurance company for military spouses with this policy, monthly premiums are taken directly from the servicemember’s paycheck, making this policy easy to maintain.

However, unlike when you buy life insurance for military spouses from a private insurer, FSGLI policies are tied directly to the servicemember’s employment with the military.

If your spouse leaves the military, or should you divorce, you only have 120 days to relocate your policy to another provider. This relocation does not mean that you will maintain your rates.

FSGLI policies are also not customizable. Your policy is a term life insurance policy with no riders or add-ons.

In the end, the decision between private or group life insurance comes down to what you feel would work best for you and your family.

It is also important to remember to compare multiple quotes from numerous companies before making your final decision.

Are you ready to start comparison shopping for life insurance for military spouses? Enter your ZIP code below, and we will help you get started.