Veterans Group Life Insurance (vgli)
Definition of "Veterans group life insurance (vgli)"
Five-year nonrenewable term life insurance policy for veterans who were covered by servicemens 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.
Popular Insurance Terms
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U.S. government agency that administers life insurance, health insurance, welfare, mortgage loans, education, pension benefits, and other programs for veterans of the U.S. armed forces. ...
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Termination of a contractual obligation for immediate performance. For example, under the homeowners insurance policy, if the insurer refuses to pay a claim, the insured (if not satisfied ...
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