Veterans eligible to purchase additional Veterans’ Group Life Insurance (VGLI) will see the first increase in the maximum of such coverage since 2005. The effective date of the increase is March 1, 2023. The increase is due to the signing of S. 2794, the Supporting Families of the Fallen Act, last fall. Individuals under 60 years of age with $400,000 in coverage will be able to purchase more coverage in $25,000 increments up to the new $500,000 limit. This additional coverage will be available without medical underwriting during specified coverage anniversary periods. Those eligible will receive mailed notifications of this coverage opportunity. For more information about eligibility, the benefits of VGLI, and updated rates, click here.