Your Serviceman’s Group Life Insurance (SGLI) will expire 120 days after your military separation/ retirement date. Veterans Group Life Insurance (VGLI) will be offered to you during your transition. It’s a bit more expensive than other insurance because it provides benefits for veterans and servicemembers who may not be able to get insurance from private companies due to the high risks involved in military service. You can read more about it at The Veteran’s Affairs Life Insurance .

It’s easier to get new insurance when you’re already covered, so you may want to purchase a policy before you leave the service. You can get price quotes from a variety of companies at Insurance.com.