Service Members and Veterans, Know Your Conversion Options

Life Insurance

Did you know one benefit that both active and retired service members are offered, is guaranteed issue whole life insurance policies? You may not think that this privilege is that great a benefit, but in actuality it is.

Although guaranteed issue life insurance policies are available to the general public, they assume that the person applying is doing so because they cannot get a policy through traditional methods, i.e. through full underwriting. The guaranteed life insurance policies that most people are familiar with are priced as if the person is in bad health. Anyone in good, average or slightly below average health, even smokers, could go through the traditional underwriting process and still get a policy for less than a guaranteed issue whole life policy. Active and retired service members can convert all or part of their current policies at a rating better than tradition guaranteed issue policies.

SGLI, FSGLI, VGLI policies provide security for service members and their families. There are a limited amount of companies that work with the Veteran’s Administration to offer guaranteed conversion policies. MetLife, a Pivot carrier is one of the companies that work with service members and their families, to offer them the policies that they need and deserve. Unfortunately some service members do not realize that they have the ability to take advantage of this benefit.

In my opinion, we should take care of our service men and women to a much greater degree than we currently do. No one sacrifices more than a service member or their families. While active, the threat of ultimate sacrifice is ever present. When retired from active service, the scars of duty can be both visible and invisible. Having a conversion option to a permanent policy without proof of insurability at an affordable price is a great benefit to those that have served. If you know of an active or retired service member that needs permanent life insurance, help them. Make them aware that they have options and refer them to us. 

About the author: Anthony Veloso has been in the life insurance business for over 2 years. He enjoys coaching football, playing outside with his dog, and taking day trips with his wife and newly born daughter. Anthony is a strong supporter of Orphanages and Battered Woman’s shelters. He would love to put his experience to work for your family to ensure that you have the right life insurance policy. You can contact Anthony at 1-800-654-1953 or AVeloso@Pivot.com.