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
The term pro rata comes from Latin and translates to in proportion, proportionally, the proportion of, proportionately determined, or according to a specific rate. It is often used in legal ...
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Amount of life insurance required to purchase burial, probate, medical, and other costs associated with death. ...
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U.S. government group term life insurance for male and female members of the federal uniformed forces on active duty, underwritten by private insurance companies. Premiums reflect peacetime ...
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Arrangement whereby the insured pays the insurance company a relatively small monthly premium payment. In exchange for this premium payment, the insurance company processes and pays claims ...
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