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 Leslie Kasperowicz

UPDATED: Jun 23, 2021

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It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider. Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance related. We update our site regularly, and all content is reviewed by life insurance experts.

The Brief

  • Veterans have a great selection of life insurance options, both from VGLI as well as improved rates from commercial companies.
  • Service members can transfer their SGLI into a VGLI within one year and 120 days of leaving the military. Within 240 days of leaving, a health check-up is not mandatory.
  • AAFMAA is another life insurance option that provides comprehensive coverage exclusive to military members.
  • VGLI rates are quite affordable, offering former military under 30 a $400,000 policy for $28 a month.

For active-duty military members and veterans, life insurance is very accessible and affordable, with many options available. Many veterans prefer to get VGLI coverage once they have left the military instead of taking a private insurance policy. This can be a great option for many.

In the private sector, there are many life insurance companies for veterans such as from the United Services Benefit Association, the Military Benefit Association, and the AAFMAA.

Affordable life insurance for veterans can be pretty easy to get as long as you shop around and weigh your options. Both the private and public life insurance sectors can provide great life insurance rates for veterans.

To make sure you and your family have access to the best life insurance policy you can get it’s important to look at all of your options. Get started on making sure your family is taken care of by finding the best life insurance rates for veterans. Enter your ZIP code to get a free quote today.

Is VA life insurance right for me?

The VA offers a number of life insurance policies for wherever you find yourself during or after the military. The aforementioned VGLI is a common option for service members after leaving the military and the SGLI is active while still in military service.

VGLI rates are very affordable for veterans, starting at $28 for a $400,000 life insurance policy. If VGLI is taken within 240 days of leaving the military, the health check-up will be waived.

VA life insurance offers a variety of different policies to suit the needs of veterans such as the Service-Disabled Veterans Insurance (S-DVI) for those who have a service-connected disability.

Before you decide on a life insurance policy, make sure you understand the dos and don’ts of life insurance so that you know you are making the right decision.

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Is private life insurance better for veterans?

Veterans have many options if they decide not to get one of the standard military life insurance policies. One of the most popular for veterans is the non-profit American Armed Forced Mutual Aid Association also known as AAFMAA.

The AAFMAA offers many benefits for membership and covers many different services along with life insurance such as living services, mortgage services, and wealth management services.

AAFMAA rates are very affordable when compared to its competitors, offering a rate of $39 a month for a healthy 50-year-old male on a 10-year term. Get the best rates now and start saving.

Best life insurance for veterans

When it comes to life insurance for veterans, there are more options available so it’s important to check whether private insurance or VA life insurance is better for you. Many life insurance quotes for veterans will be more affordable depending on the company, so shop around.

For VA life insurance make sure to take a look at their veteran insurance information. The VGLI rates are hard to beat, but not impossible depending on where you look.

Before deciding on your coverage, make sure to do your research to know that when you buy life insurance for veterans you are getting the best deal. For more help, check out our smart term life buying guide and get peace of mind knowing your family is covered.