Q: Veronica Hunter says, “For us, it hasn’t been a problem so far. We have standard policies through SGLI & FSGLI and extra coverage through our banks. The kids also have policies. My husband may be retiring soon so we have been shopping around for rates & terms. One thing is the price difference! Ouch! Glad we are taking time to search because we assumed VGLI would be the best the way to go, but it’s not in every case and timing of starting policy makes a difference if required to get medical exams or not.”
A: Veronica, great job being proactive in your search to replace SGLI and FSGLI before your husband retires! While it may be a good option for some transitioners, since VGLI does not require you to submit evidence of good health if applying within 240 days of separation, you may find that means paying a higher premium rate.
For healthy individuals, it can really pay off to consider life insurance that requires medical underwriting. USBA has a variety of plans to choose from and a Preferred Rating is even available on many of them. If you are like Veronica and wondering which is best for you, call one of our trained Product Specialists at 877-221-6841. They can help determine what coverage amount and plan best fits your family’s needs. Or get a quote online for a quick cost comparison.
