United States Government Life Insurance

What Does United States Government Life Insurance Mean?

In 1917, Congress approved the issuance of life insurance policies to war veterans and other service members who, due to increased risks, existing disabilities, or prohibitive premium rates, would otherwise be unable to obtain insurance coverage from private insurers. Of the policies issued, around 8,000 have remained active. Since 1983, all of these policies have been paid up and continue to provide annual dividend benefits to their respective holders. Because the remaining USGLI policyholders are now well over 90 years old, their families may also want to explore current life insurance for seniors to supplement whatever coverage is still in place.

Insuranceopedia Explains United States Government Life Insurance

In 1917, Congress approved the issuance of life insurance policies to war veterans and other service members who, due to increased risks, existing disabilities, or prohibitive premium rates, would otherwise be unable to obtain insurance coverage from private insurers. Of the policies issued, around 8,000 have remained active. Since 1983, all of these policies have been paid up and continue to provide annual dividend benefits to their respective holders.