What Is Veterans Group Life Insurance? 
Veterans Group Life Insurance -LRB- VGLI -RRB- is five year renewable Term life insurance for persons who have served in the uniformed services . to convert SGLI -LRB- Servicemembers Group Life Insurance -RRB- to VGLI , you must do so within 120 days of your separation from the service . If you wait longer than the 120 days , you have one additional year , but then you must show evidence of good health to be approved . 