2 Mar 2021 Those covered by the Veterans' Group Life Insurance, or VGLI, program will see their premiums decrease in April 2021. The Department of Veterans Affairs announced that monthly premiums for the popular life insurance program will drop by an average of 7%, effective next month. This means that most veterans under the age of 50 will see a $0.10 monthly decrease for each $10,000 of insurance they purchase. Currently, a 35-year-old pays $1.30 per $10,000 of life insurance; that will drop to $1.20 monthly effective April 1. That same 35-year-old will see their premiums decrease proportionally for larger amounts of coverage, as well. For the maximum coverage amount of $400,000, the monthly premium will decrease from $52 to $48.