Convert SGLI or VGLI

Thank you for the sacrifices you and your families have made in order to keep our country secure.

Sevice members and veterans can convert their SGLI, VGLI or FSGLI to a Commercial Life Insurance Policy

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Conversion Eligibility

PCFG Insurance will assist you in converting your SGLI, VGLI, or FSGLI into a whole life plan that can provide assured cover for your loved ones as well as help safeguard their future.

Converting SGLI Coverage

Within 120 days of separation from the military, servicemembers covered by the SGLI program will transfer their SGLI coverage to an individual policy of insurance. To transform SGLI coverage, the Servicemember must do the following:
•   Provide your insurance advisor a copy of your separation document (Form DD-214 or Ngb-22, or written Reservist orders along with a copy of last Leave & Earning Statement (LES)).
Without needing to show evidence of good health, servicemembers may transfer their coverage to a commercial policy at regular premium rates. A permanent conversion policy, such as a whole-life policy, is required.
Certain types of plans, such as term, variable, or universal life insurance, are not permitted to be converted. Furthermore, supplementary insurance benefits including accidental death and dismemberment or premium waiver for disability are not included in the conversion policy.
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Converting Spousal SGLI Coverage

Spouses who are covered by the Family SGLI program will convert their Spousal Coverage to an individual policy within 120 days of any of the following events:
•  The date of the Servicemember's separation from the military
•  The date of the Servicemember's divorce from current spouse
•  The date of the Servicemember's election to terminate Spousal SGLI coverage (SOES Certificate of Coverage or Form SGLV-8286A)
•  The date of the Servicemembers election to terminate his/her SGLI coverage (SOES Certificate of Coverage or Form SGLV-8286)
Spouses that are protected by Family SGLI will switch to a commercial policy at regular premium rates without having to show evidence of good health. A permanent conversion policy, such as a whole-life policy, is required.
Certain types of plans, such as term, variable, or universal life insurance, are not permitted to be converted. Furthermore, supplementary insurance benefits including accidental death and dismemberment or premium waiver for disability are not included in the conversion policy.
If a spouse wants to convert their Spousal SGLI coverage, they must apply within 120 days of any of the events mentioned above, and they must also:
•   Give the agent a copy of your most recent Leave & Earnings Statement (LES), which reveals the deduction for Spousal SGLI, as well as one of the following proofs of coverage:
1.  The Servicemember's separation document (Form DD-214 or NGB-22, or written orders).
2.  The Certificate of Dissolution of Marriage the spouse and the Servicemember.
3.  The Servicemember's FSGLI Spousal declination (SOES Certificate of Coverage or Form SGLV-8286A).
4.  The Servicemember's SGLI declination (SOES Certificate of Coverage or Form SGLV-8286).
5.  The Servicemember's proof of death (Report of Casualty Form DD 1300 or civilian death certificate).
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Converting VGLI coverage

At any time, VGLI policyholders can transfer their VGLI coverage to an individual insurance policy. To transform VGLI coverage, the policyholder must do the following:
•   Obtain a letter from OSGLI verifying coverage (VGLI Conversion Notice),
•   Give a copy of that notice to the agent who takes the application
Without needing to show evidence of good health, policyholders may transfer their coverage to a commercial policy at regular premium rates. A permanent conversion policy, such as a whole-life policy, is required.
Other types of plans, such as term, variable, or universal life insurance, are not permitted to be converted. Furthermore, supplementary insurance benefits including accidental death and dismemberment or premium waiver for disability are not included in the conversion policy.
LEARN MORE

Still need help?

We're standing by to help you with your insurance needs. Let our licensed insurance advisors help you with you plan.
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