What are the benefits of having a life insurance policy beyond SGLI or VGLI?

If you have no dependents, have prepaid and made funeral arrangements there is no need for any life insurance. Make a will, and make sure your heirs have current info on any documents they will need, along with combinations for safes and you have done all that needs done. My children do not need anything i have built, because I taught them to build their own wealth. My job as a parent was to raise good people and be financially irrelevant to them.

If you have a spouse and/or children don't believe that nothing will ever happen to them. My stepson died on us from a enlarged heart at age 18 and my wife's first born died at 6 months old. On my step son I was happy that we were covered because his funeral cost over 8 thousand dollars.

The main reason for life insurance IS to take care of your loved ones. It's a for sure thing we all will use it at one time. The main thing is trying to identify if you can afford just term or whole life. Term is just like SGLI meaning it is only worth the policy face value if you pass away but if you ever decide to quit it your out the money you spent on the policy. With a good whole life policy there are options of how you want to not only pay for the policy but also how you would like to grow your policies value. I believe that with all the counselling that the military stuffs down our throats on stupid policies made by some left nut liberals we could eliminate those and design a yearly class on finances. Most everyone I know is ignorant about life insurance as I was and still am but with a son in law that went to school and is enjoying the benefits of helping others with insurance I am very grateful even at my retirement age but it's more expensive the later you start. Like with every other thing that involves you giving your money to a company represented by a salesman you do have to be careful. Get many quotes and challenge the person that is saying my companies policy is better than that. I can get anyone interested the contact info for