As of March 1, 2023, Servicemembers and qualifying Veterans, who have Servicemembers’ Group Life Insurance (SGLI) and Veterans’ Group Life Insurance (VGLI), will be able to increase their life insurance coverage up to $500,000.  This is great news, and this increased coverage falls in line with the current cost-of-living.

All active duty, guard, and reserve servicemembers eligible for SGLI will automatically receive increased coverage. This includes those who previously declined coverage or elected a lesser amount. The SGLI premium rate remains the same, so service members will receive maximum coverage for $30 a month, plus $1 for Traumatic Injury Protection (TSGLI) coverage. Servicemembers who do not wish to have coverage or would like a reduced amount can make these elections online through the SGLI Online Enrollment System (SOES) on milConnect.

Veterans with VGLI will not have their coverage increased automatically. Veterans who currently have $400,000 of coverage under VGLI can elect to purchase additional coverage in $25,000 increments. This added coverage will be available without medical underwriting during specified coverage periods. The Office of Servicemembers’ Group Life Insurance (OSGLI) will send eligible VGLI members information about obtaining coverage.

For additional information about the life insurance increase, please visit: