Here are three points that you need to know before deciding on VGLI coverage:
1. You can have both SGLI and VGLI, but the combined coverage can not be more than $400,000.
2. Generally premiums for the SGLI coverage are less than for the VGLI.When you separate from your full time Guard/Reserve duty, your SGLI entitlement will cease and you will then be eligible to apply for VGLI. You should receive letters about your VGLI eligibility at that time. If you are separating from the service, you will not be able to apply for VGLI until after separation.