Is VGLI Term Life Insurance? 
Yes , VGLI is Term Life Insurance . Veterans Group Life Insurance is renewable for life , with rates going up in five year bands . E.g. . At age 29 , $ 100,000 of coverage costs $ 8/mo . At age 75 , $ 100,000 costs $ 450/mo , at rates set in 2008 . It is able to be converted to a commercial permanent policy , if desired . 