Assessing Your Life Insurance Needs and Options

Assessing your life insurance needs and options can give anyone a headache!    With the wide range of insurance products available and the complexity of your family's needs, determining the appropriate insurance protection is difficult. 

In order to make this task easier, VA's Life Insurance Program has provided you with some decision-making tools and helpful information that can assist you in learning more about life insurance and in identifying your insurance needs.

Decision-Making Tools

These two tools will help you make a more informed decision about your life insurance coverage.

•  Life Insurance Needs Calculator:  Our interactive Life Insurance Needs Calculator will help you determine if you have enough life insurance to meet your family's needs.  It's easy to do because we guide you every step of the way!
•  VGLI Comparison Worksheet:  Find out the real facts on VGLI!  Learn about major policy provisions and see how you can compare them to other life insurance plans.  This will help you determine if VGLI is right for you.

Helpful Insurance Information

View or download any of these one-page, easy to understand information sheets. (viewable with the free Adobe Reader available on the the Adobe Website.)

•  Life Insurance Terms You Should Know:  This sheet explains a range of life insurance terms that will help you understand the provisions of various life insurance policies.
  
•  Learning About Term and Permanent Insurance :  This sheet explains the main advantages and disadvantages of term and permanent insurance.  This information will help you decide which type of insurance plan is right for you.
  
• A Marine's Story:  This sheet tells the story of how life insurance helped one family cope after the death of their husband and father, a former Marine.