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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Legislation that provided temporary rules for implementing the employee retirement income security act of 1974 (erisa). ...
Effort by an individual to continue to receive disability income benefits by taking a continuing sickness or injury. ...
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Conveying of assets from the donor to the beneficiary as a means of minimizing the legal tax obligation of the estate of the donor and avoiding probate. ...
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