Any former member insured under VGLI who again becomes eligible for SGLI is automatically insured under the SGLI program. The individual policy will be effective the date after the insured's VGLI terminates at the end of any five-year period. The Office of SGLI will advise the insured of the impending date of termination and give information regarding the conversion of VGLI to an individual policy. Individuals who remain in the Individual Ready Reserve or Inactive National Guard throughout their period of VGLI coverage can renew their VGLI for additional five-year periods instead of converting to an individual policy. They can still convert at the end of subsequent periods of coverage.
Protection is automatic unless the veteran declines.
Premiums are automatically deducted from VA benefit payments or paid direct, if the veteran does not draw compensation, and will continue until the mortgage has been liquidated, the home is sold, or the coverage terminates when the veteran reaches age 70. If a mortgage is disposed of, VMLI may be obtained on the mortgage of a subsequent home.