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Group Life Insurance

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Business Glossary

Definitions for: Veterans Group Life Insurance (VGLI)

Dictionary of Insurance Terms

Veterans Group Life Insurance (VGLI)

five-year nonrenewable term life insurance policy for veterans who were covered by Servicemen's Group Life Insurance (SEGLI) while on active duty in the U.S. uniformed forces. At the end of the five-year term, the insured may convert the policy to individual permanent life insurance with any company that participates in the VGLI program.

Industry Associations

Industry Associations
Worldwide Assurance for Employees of Public Agencies
Represents federal civilian employees. Provides group life, accidental death and dismemberment, dependent group life insurance coverage and long-term care insurance to federal civilian employees at reasonable cost.

Members: 30,000
Founded: 1943

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