Yes, you can keep coverage after leaving the Navy, but it depends on the type of policy you have and whether you meet renewal criteria. Most service members transition to a Veterans' Group Life Insurance (VGLI) plan or convert to a civilian policy within a limited window.
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Understanding Your Current Coverage
The Navy primarily offers two life insurance products: Servicemembers' Group Life Insurance (SGLI) and the optional Family Servicemembers' Group Life Insurance (FSGLI). Both are low‑cost, group policies that terminate when you separate from service.
Veterans' Group Life Insurance (VGLI)
VGLI is the direct successor to SGLI, allowing you to extend coverage for up to 20 years after discharge. You must apply within 1 year, 6 months, or 30 days of separation, depending on the coverage amount you want to retain. Premiums are higher than SGLI because they are based on age and health, but the policy remains portable and does not require a medical exam for the first 12 months.
Converting to a Civilian Policy
If you prefer a permanent solution, you can shop for private life insurance. Most insurers will consider your military service as a positive health indicator, and some offer discounts for veterans. Transitioning early gives you time to compare rates and lock in coverage before VGLI premiums rise with age.
Key Deadlines and Steps
- Apply for VGLI within the required window after discharge.
- Gather your SGLI/FSGLI statements and service records.
- Compare VGLI premiums to civilian quotes.
- Decide whether to keep VGLI, switch to a private policy, or maintain both for a transition period.
Comparison Table
| Option | Duration | Cost Factors |
|---|---|---|
| VGLI | Up to 20 years | Age‑based premiums, no medical exam first year |
| Private Policy | Lifetime | Health underwriting, possible veteran discounts |
What Happens If You Miss the VGLI Window?
Missing the application deadline means you lose the ability to convert SGLI directly, and you'll need to qualify for a new civilian policy without any continuity benefits. Some insurers have veteran-friendly underwriting, but rates may be higher.
Final Considerations
Assess your financial goals, family needs, and health status before deciding. Keeping coverage ensures protection for beneficiaries, while a private policy can offer more flexibility and potentially lower long‑term costs.