The military offers up to $500,000 in coverage for active-duty members, which is often cheaper than private insurance. Evaluate if this meets your needs or if you need additional private coverage.
Check if the policy can be converted to Veterans' Group Life Insurance (VGLI) after leaving service.
Look for policies that provide benefits if you're injured or diagnosed with a serious illness, as these are common risks in military service.
Make sure to update your beneficiary information, especially if family circumstances change.
Ensure the policy doesn’t exclude death benefits in combat or war zones.
Choose a reputable insurer with a strong financial rating.