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Military life insurance is something that any active member of the following can purchase:

• Army
• Navy
• Air Force
• Marines
• National Guard

There are a lot of companies that are going to turn you down due to the fact that you’re on active duty; however, it is still possible for you to receive life insurance.

The key is that you have to shop around not only for an insurance carrier that is going to write your policy but also where you’re going to be able to get the lowest possible premium. The only way to achieve that is through getting multiple quotes from different insurance agencies and comparing benefit to premium.

Some policies are going to have exclusions for war and acts of terrorism but it’s possible to get these insured too; however, most often they are going to be policy add-ons which are going to of course come with an additional premium cost. Should something happen when you’re overseas; such as, deployed to Iraq, the policy could be invaluable to the financial future of the family you leave behind should the unfortunate happen.

For higher levels of coverage you’ll have to go through an underwriting process and that will include the physical. For most all insurance policies to be written you’ll almost always have to be in the United States at the time of application and for the examination should you be required to do so.

You have the ability to purchase either a term life insurance policy or a whole life insurance policy and you should consider both options.

A term life policy is one that you purchase for a number of years and can be in increments of 1 and it will pay out a benefit only if you should die. It’s a pure risk policy.

A whole life insurance policy, there is also universal and variable life, is a policy that will stay with you until you die so long as premiums are paid and the insurance is active. In addition to a death benefit it does allow you the option of accumulating cash that you can use during your lifetime.

Look into both and take into consideration all of the options before you and like before get multiple quotes to find the best policy. The best advice I could give you is to go to an insurance broker with a life and health license and let them do the shopping around for you. Especially with this type of a policy where a lot of companies don’t want to write it this can eliminate a lot of the headaches and let you focus on more important things.