You did your time in the military. Thank you for your service. Now, it’s time to enjoy the peaceful life you’ve earned. When you were on active duty, your family was protected by Servicemembers Group Life Insurance. (SGLI) You are, of course, no longer eligible for that. However, you are eligible for VALife and Veteran’s Group Life Insurance (VGLI). However, those are not your only choices.
Shop Around for Proper Insurance
Depending on your circumstances, you may be able to get a better deal elsewhere. Military Benefit Association may provide you with a more lucrative deal. You may find a civilian policy works best for you. They will all have their own restrictions and different options. You may prefer a policy that doesn’t increase every five years. Do your research and find out what’s the best fit for you.
How Much Insurance Do You Need?
Life insurance covers funeral costs, but if you’re a vet, Uncle Sam may cover the expenses, including a free flag for your next of kin. However, you’ll still have to cover your mortgage balance and all other debts. If you want to send the kids to college, you need something to cover that. All in all, your life insurance should pay out seven to ten times your annual salary. If you have dependents, you’ll need coverage for them as well.
The Good Insurance Group LLC Serving Bloomsburg, PA
If you are a veteran living in the Bloomsburg, PA area and are looking to invest in some life insurance, we hope you will consider The Good Insurance Group LLC. Good is our name, and excellent is our service. Our courteous and knowledgeable agents will help you with all your insurance needs.