TSGLI (Traumatic Servicemember Group Life Insurance) is a life insurance policy designed to protect military service members who have experienced or will experience a traumatic event while on active duty.

The policy is temporary, and the eligibility requirements vary depending on when it was established and what type of traumatic event was experienced.

When it expires, it must be renewed. This article will discuss the possible ramifications of declining to renew TSGLI and the methods that can be used to extend the policy.

What Happens When TSGLI Coverage Ends?

When TSGLI coverage ends, there are several things you can do to extend it. The following are some of the options available:

1. Renewal by Election

If you want to remain covered, you can have the option to renew your TSGLI coverage by electing to continue it. This is valid for TSGLI policies backed by the

Veterans Administration.

2. Reinstatement by Surviving Spouse

Suppose you have elected to continue your coverage on a TSGLI policy from the Veterans Administration. In that case, your surviving spouse may apply for reinstatement of their TSGLI coverage when they become eligible.

3. Reinstatement by Surviving Child

Suppose you have elected to continue your coverage on a TSGLI policy from the Veterans Administration. In that case, your surviving child may apply for reinstatement of their TSGLI coverage when they become eligible.

4. Title V Extension

If you want to remain covered and you want the option to renew the policy, the Department of Veterans Affairs may extend your coverage on a policy it backed. This is valid for any TSGLI policy not backed by the Veterans Administration.

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How To Decline to Renew TSGLI Coverage

As previously mentioned, TSGLI is temporary insurance. You may be able to decline to renew it, but you should consider the following first:

1. Significance of Insurance Protection

TSGLI coverage protects your family by providing financial assistance to them if you die. By declining coverage, you may leave your survivors exposed financially in the event of an untimely death.

2. Consider Coverage Terms

You can still be eligible for a survivors’ benefit if you decline coverage. However, your spouse and child will not have the option to continue coverage.

3. Minimal Charges for TSGLI Coverage

Many people are unaware that TSGLI is free of charge for military service members, veterans, and sure survivors of military service members or veterans who died from a service-connected injury or illness or any injury or illness related to a traumatic in-service event.

4. Lost Opportunities for Survivors’ Benefits

TSGLI coverage allows you to receive additional survivors’ benefits and other military-related benefits. These include retirement pay, special compensation, and DIC payments. Declining TSGLI coverage means you will no longer be eligible for these extra benefits if a second traumatic event occurs.

Contact an Attorney to Learn More

The TSGLI program may be extended for a limited time, but this does not change the rule that you must purchase it again once your coverage expires. If you are eligible for benefits from the Veterans Administration, you can apply for reinstatement of TSGLI coverage through the VA. If you have children covered under another type of policy, they may qualify to reenter your policy when they become eligible. Visit this website to learn more about TSGLI and work with an experienced attorney to discuss your eligibility for another policy.