{
  "id": "R41435",
  "type": "CRS Report",
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      "id": 442535,
      "date": "2013-02-14",
      "retrieved": "2016-04-06T21:22:21.784882",
      "title": "Veterans\u2019 Benefits: Current Life Insurance Programs",
      "summary": "The Department of Veterans Affairs (VA) administers and supervises several life insurance programs for active servicemembers and veterans. The VA supervises the Servicemembers\u2019 Group Life Insurance (SGLI) and Veterans\u2019 Group Life Insurance (VGLI) programs, which are administered by the Office of Servicemembers\u2019 Group Life Insurance (OSGLI), a division of Prudential Insurance Company of America. The Service-Disabled Veterans\u2019 Insurance (S-DVI) program, on the other hand, is administered entirely by the VA. Access to VA-administered life insurance programs gives servicemembers and veterans, who may not be eligible for private life insurance policies, the opportunity to carry group life insurance. This provides for their families in the event of the servicemember\u2019s or veteran\u2019s death.\nIn September 1965, with the passage of P.L. 89-214, Congress established the SGLI program and mandated the VA to enter into an agreement with the private insurance industry to meet the insurance needs of Vietnam era servicemembers. As a result, VA established an agreement with Prudential Financial to administer its policies. When first enacted, the SGLI program provided up to $10,000 in coverage for policyholders. Today, servicemembers can receive a maximum of $400,000 insurance coverage under the program.\nOn August 1, 1974, with the enactment of P.L. 93-289, VGLI became available to servicemembers. VGLI provides for the conversion of SGLI after separation from active military duty. VGLI is a five-year renewable term policy that, like SGLI, provides a maximum of $400,000 of coverage.\nServicemembers may have their SGLI and VGLI proceeds paid either as a lump sum or over a period of 36 months. The lump sum payment may, at the beneficiary\u2019s election, be in the form of a single check via a retained asset account (called an Alliance Account). Free financial counseling is available to SGLI and VGLI beneficiaries.\nDuring the Korean War, before SGLI and VGLI were established, Congress passed the Insurance Act of 1951 (P.L. 82-23) and established the S-DVI program. S-DVI was created to meet the insurance needs of certain veterans with service-connected disabilities, many of whom would not be eligible for private life insurance due to their service-connected disabilities. Currently, policies are issued for a maximum face value of $10,000. Retained asset accounts are not offered under the S-DVI program.\nThis report provides information on the current VA life insurance programs available for servicemembers and veterans, management and administration issues, and associated policy issues.",
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        {
          "source": "IBCList",
          "id": 2179,
          "name": "Benefits for Veterans"
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    {
      "source": "University of North Texas Libraries Government Documents Department",
      "sourceLink": "https://digital.library.unt.edu/ark:/67531/metadc227684/",
      "id": "R41435_2011Jan04",
      "date": "2011-01-04",
      "retrieved": "2013-11-05T18:07:05",
      "title": "Veterans' Benefits: Current Life Insurance Programs",
      "summary": "Report providing information on the current Department of Veterans Affairs (VA) life insurance programs available for servicemembers and veterans, management and administration issues, and associated policy issues and legislation.",
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      "title": "Veterans' Benefits: Current Life Insurance Programs",
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      "title": "Veterans' Benefits: Current Life Insurance Programs",
      "summary": "This report provides information on the current Department of Veterans Affairs (VA) life insurance programs available for servicemembers and veterans, management and administration issues, and associated policy\r\nissues and legislation.",
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}