Life insurance for military spouses

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Life insurance for military spouses is an essential financial tool that provides financial protection and peace of mind for families of military service members. It ensures that in the event of the service member’s death, the surviving spouse and children are financially supported. In this article, we will explore the importance of life insurance for military spouses and the options available to them.

Benefits of Life Insurance for Military Spouses

Financial Security: Life insurance offers financial security to military spouses by providing a death benefit that can be used to cover immediate expenses, such as funeral costs, outstanding debts, and ongoing living expenses.

Income Replacement: The death of a military service member can result in a significant loss of income for the surviving spouse. Life insurance can help replace the lost income and ensure that the family’s financial needs are met.

Education and Future Planning: Life insurance proceeds can be used to fund the education of the surviving spouse or children. It can also be used to secure their future by providing funds for important milestones such as buying a house or starting a business.

Types of Life Insurance for Military Spouses

Service Member’s Group Life Insurance (SGLI): SGLI is a life insurance program offered by the Department of Veterans Affairs (VA) for active-duty service members. It automatically covers spouses for up to $100,000 of life insurance. Spouses can also opt for additional coverage through the Family SGLI program.

Term Life Insurance: Term life insurance provides coverage for a specific period, typically 10, 20, or 30 years. It offers a death benefit to the beneficiary if the insured passes away during the term of the policy. Term life insurance is often more affordable compared to other types of life insurance.

Permanent Life Insurance: Permanent life insurance provides coverage for the entire lifetime of the insured. It includes a death benefit as well as a cash value component that accumulates over time. Permanent life insurance can be more expensive but offers lifelong coverage and potential cash value growth.

Considerations for Military Spouses

Deployment and Change of Station: Military spouses should consider how deployments and frequent relocations can affect their life insurance coverage. It is important to review and update the policy to ensure it remains valid and provides adequate coverage, especially during periods of increased risk.

Employment and Income: Military spouses may face challenges in finding stable employment due to frequent relocations. Life insurance can help provide financial security and bridge the income gap during periods of unemployment.

Specialized Insurance Providers: Some insurance companies specialize in providing coverage for military families. These providers understand the unique needs and challenges faced by military spouses and can offer tailored policies that address those specific concerns.


Life insurance for military spouses is a crucial component of financial planning for military families. It offers financial security, income replacement, and future planning options. Understanding the different types of life insurance available and considering the unique circumstances of military life can help military spouses make informed decisions about their life insurance coverage.


– Department of Veterans Affairs:
– Navy Mutual: