Does The VA Offer Life Insurance For Veterans? 
The VA offers life insurance for Veterans under certain conditions : 1 -RRB- Those separating from the service may convert their Servicemembers ' Group Life Insurance -LRB- SGLI -RRB- to Veterans ' Group Life Insurance -LRB- VGLI -RRB- for 120 days after release from active duty . With a statement of good health this can be extended one year . 2 -RRB- Service-Disabled Veterans ' Life Insurance -LRB- S-DVI -RRB- provides life insurance to Veterans who have been given a VA rating for a new service-connected disability in the last two years . Totally disabled veterans can get free coverage . 3 -RRB- Disabled Veterans who have qualified for a VA Specially Adapted Housing -LRB- SAH -RRB- grant may obtain Veterans ' Mortgage Life Insurance -LRB- VMLI -RRB- . Unfortunately , the VA does not offer coverage to Veterans who do not meet these parameters . 