Published 08/13/2012 07:01 AM |
Updated 12/19/2012 02:40 PM
How Do You Pay Premiums?
You may pay VGLI premiums directly to OSGLI by: check or money order, allotment from military retirement pay, automatic deduction from VA Disability Compensation Benefits -, or using your debit or credit card on the web or at OSGLI's toll-free number. Your first premium must be sent with your application directly to OSGLI, even if you choose to pay by allotment or by DFB. After your application has been approved, subsequent premiums will be due monthly beginning the month after the insurance becomes effective. If you choose to pay premiums directly, you will receive premium statements either monthly, quarterly, semi-annually or annually.