Financial Planning

Getting The Right Policy The "Fixed Cash Value" Requirement Not every life insurance policy qualifies for the SGLI Conversion Pool. Federal regulations are very specific about what a member company can and cannot offer you under the conversion privilege. If you choose the wrong plan, your application will be rejected by the OSGLI.The Rule: Permanent Insurance OnlyThe conversion privilege applies only to permanent life insurance. You cannot convert SGLI into a term insurance policy.The "Fixed Cash Value" RequirementThis is the…

TRANSITIONING FROM SERVICE How Veterans Convert SGLI/VGLI to Permanent Financial Security For service members and veterans, SGLI (Servicemembers’ Group Life Insurance) and VGLI (Veterans’ Group Life Insurance) are indispensable benefits. However, as you transition to civilian life, it’s critical to understand that these policies are term-based and must be converted or replaced to ensure your family's protection is permanent. The Permanent Solution: Whole Life InsuranceMany veterans seek the stability of Whole Life Insurance as a long-term replacement for their SGLI/VGLI.…