Some life insurance decisions can only be made once, or only within a short window. Miss the date and the option is gone. Each program below explains the rules, gives you a free calculator for your own numbers, and shows when a private policy is worth comparing. We are an independent agency and compare coverage across multiple carriers, in English and Spanish.
For individuals and families
Leaving the military: SGLI to VGLI
Your SGLI ends 120 days after separation, and day 240 is the last day to get VGLI with no health questions. See your dates and what VGLI will cost as you age. Open the VGLI calculator
Laid off: your 31-day window
Group life insurance usually ends with your job. Florida law gives you 31 days to convert it without health questions. See your deadline and whether new coverage costs less. Check your deadline
Federal employees: FEGLI Option B
Option B more than doubles at 60 and keeps rising. See your cost by age and when level term may cost less. Open the FEGLI calculator
FRS retirees: Option 1 or Option 3
Your pension option is final once you cash your first check or start DROP. Test whether Option 1 plus life insurance works, including cost-of-living raises. Open the FRS calculator
Divorce: securing alimony and child support
Florida courts can require life insurance to protect support payments. Estimate the coverage and how it declines. Open the settlement calculator
For business owners
Life insurance for SBA loans
SBA lenders often require life insurance assigned to the lender before closing. See how much you need and how the assignment works. Open the SBA calculator
Key-employee bonus plans
Reward and keep your best people with a company-paid policy they own, with a vesting schedule. See how the plan works
For professionals who refer clients
We work alongside the professionals who see these deadlines first. We do not pay referral fees.
- SBA loan officers and business brokers
- CPAs
- Family law attorneys and mediators
- HR teams and outplacement firms (free 31-day handout for exit packets, also in Spanish)
Lifeworth Insurance Agency is an independent agency. It is not affiliated with the VA, OPM, the Florida Retirement System, the SBA or any government agency. These pages are general information, not legal or tax advice.
Contact Lifeworth Insurance
Lifeworth Insurance Agency
2881 E Oakland Park Blvd, Fort Lauderdale, FL 33306
(954) 834-5433 · contact@lifeworthinsurance.com