While we devote a good portion of our discussions on the blog to Arizona VA Pension, it is important for you to understand that the VA offers a variety of other benefits to veterans as well. So while Arizona VA Pension is certainly something to consider if you are a veteran, you should also look into the other programs and benefits that the VA has to offer. As a veteran, you have given a lot to this country; and it is only fair that you claim all of the benefits to which you are entitled.
One benefit that sometimes gets overlooked is VA life insurance. As an insurance product, VA life insurance does not come without a price. Most veterans find, however, that compared to other life insurance products VA life insurance is quite a bargain. VA life insurance is known as Veterans’ Group Life Insurance, or VGLI, and it is converted from Servicemembers’ Group Life Insurance (SGLI). You can purchase VGLI in $10,000 coverage increments, up to $400,000, but the coverage amount cannot exceed the amount of coverage that you had with your SGLI coverage.
The cost of premiums for VGLI will vary depending on your age, but most veterans find that it is among the more affordable types of life insurance. To apply for VGLI, you must submit an application within one year and 120 days of separating from active duty. Applying for VGLI soon after separation has one key advantages – if you apply within the first 120 days of leaving active duty you will not have to provide the VA with proof of good health.
The VA can answer questions that you may have about VGLI insurance. Alternatively, you can speak with an Arizona veterans’ benefit attorney about questions you may have about benefits such as Arizona VA Pension. If you would like to schedule a consultation with a veterans’ benefit attorney, please do not hesitate to contact JacksonWhite at (480) 818-6912.