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FAQs

What is Beneficiary Financial Counseling Service?

Beneficiaries of Service members Group Life Insurance and Veteran’s Group Life Insurance are entitled to additional benefits under the Beneficiary Financial Counseling Service. Professional advice on financial matters is provided to beneficiaries free of charge. ‘Financial Point’ provides free counseling services to all beneficiaries. More information can be found by …

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How do you pay Premiums?

You can pay VGLI premiums directly to OSGLI through money order, check, allotment from military retirement pay, automatic deduction from VA disability compensation benefits, by using a credit or debit card on the website, or by calling OSGLI’s toll-free number. The first premium payment must be sent directly to OSGLI …

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What Happens If You Don’t Pay Premiums On Time?

If you do not make a premium payment within the 60 days grace period, VGLI coverage will be suspended. A notification regarding the suspension along with a reinstatement form will be sent to you. You have the choice to apply for the reinstatement of coverage within 5 years from the …

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