Veterans Group Life Insurance Vgli


Definition of "Veterans group life insurance (vgli)"

Janine Monfort
  South Bay Realty

Five-year nonrenewable term life insurance policy for veterans who were covered by servicemens group life insurance (SEGLI) while on active duty in the U.S. uniformed forces. At the end of the five-year term, the insured may convert the policy to individual permanent life insurance with any company that participates in the VGLI program.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Associate In Underwriting (au)

Professional designation earned after the successful completion of four national examinations given ...

Uniform Simultaneous Death Act

Statute in most states under which, if no evidence exists in a common disaster (when an insured and ...

Population Density

Population per square mile of a given area. For example, the population density of the United States ...

New York Standard Fire Policy

Contract first written in 1918 that provided the basis for modern-day property insurance, both perso ...

Cost-of-living Rider

Usually term insurance for one year added to a basic life insurance policy. In effect, this increase ...

Premises Sold Exclusion

In a commercial general liability (comprehensive general liability) policy, exclusion of coverage fo ...

Related Real Estate FAQ

What Is Title Insurance?

Title insurance is insurance that protects the lender and buyer against any losses incurred from dis ...

What Is Depreciation?

Depreciation is a decline in the value of property due to general wear and tear, or is also known as ...

What Is A Rate Lock?

A rate lock is a commitment issued by a lender to a homebuyer or to the mortgage broker guaranteeing ...

Should I Pay Points For A Lower Rate?

Paying points for a lower interest rate is a trade off between paying money now versus paying money ...

What Is A Gift Letter?

A gift letter is when an individual gives you money for a down payment as a gift, that person must w ...

What Do I Need To Know About Motorcycle Insurance?

You need an insurance policy that is tailored in your needs in mind. Take liability for example. Gue ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

6 Reasons you are not selling properties 3 tips to ensure your sale goes through How To Sell Your Home How To Choose A Realtor What is Hazard Insurance?

FAQ

What is a housing ratio? What is an assumable mortgage? What happens when a property starts to depreciate? What is equity? What is a Buildable acre?