Life Insurance for Deployed Military

life insurance for deployed militaryActive members of the United States military have limited options when it comes to life insurance,   especially when you have deployment orders.  Most life insurance companies won’t touch this risk until your deployment is finished.  However you do have 2 options:

SGLI
This is your first and easiest option.  Currently, you can buy up to $400,000 through SGLI.  You don’t have to apply for it since it's guaranteed issued.  Just fill out a form, set up payments and you’re covered.  There are no exclusions and you can secure coverage at any time. 

The only downside is after you’ve finished your time on active duty, you need to find other coverage.  SGLI won’t cover you anymore.  You can convert your SGLI policy, but if you’re healthy, you’re better served buying an individual life insurance policy.  An individual policy will be less expensive and guarantee level payments for longer. 

Many military families opt to purchase individual life insurance over SGLI because they need more than $400,000 and/or they understand the need to protect their insurability while deployed.  Remember, you have to qualify medically for an individual policy and tomorrows health is never guaranteed.

Individual Life Insurance
Currently there is only one company on the market who will cover active military, including those with deployment orders in hand.  They will cover anyone with deployment orders from the Army, USMC, Navy, Air Force, USCG and National Guard. 

The only factor this life insurance company looks at is occupation in the military – specifically pilots and paratroopers.  Most other occupations within the military are covered, including infantry.  Both pilots and paratroopers can be covered, but the rates can be more expensive.

Keep in mind, you do have to qualify medically for the coverage.  Also, the application, medical exam and policy documents must be completed on US soil.  The life insurance process can take up to 6 weeks. 

If you’re interested in hearing more about this company, give us a call or fill out our quote request on the right.  You’ll be happy to hear it’s a household name with a strong financial rating. 

We consider it an honor to help military families secure coverage and look forward to helping you.

Oops! We could not locate your form.

Instant Quote

You might also like

Life insurance disease

Life Insurance with Addison’s Disease

For people suffering from Addison’s Disease, the thought of obtaining life insurance can be a daunting one. No one likes to go to the doctor and get told they aren’t in perfect health, and knowing you aren’t in perfect health as you walk in makes it all the more scary for many people. For other […]

life insurance disorder

Life Insurance with Bipolar Disorder

Securing affordable life insurance with Bipolar Disorder was come a long way in the last just a decade.  Life insurance underwriting has made big leaps in how they understand Bipolar Disorder and underwriters can now differentiate between individuals diagnosed with Bipolar Disorder and have it under control and those who don’t have it under control. […]

About Jeff Root

is the owner of rootfin.com. He's an independent life insurance agent who has helped 1,000's of consumers purchase life insurance online and over the phone.

View all posts by Jeff Root

This entry was posted in Impaired Risk. Bookmark the permalink.

Leave A Reply