VA and Prudential Financial Celebrate 40-Year Partnership

WASHINGTON – Officials from the Department of Veterans Affairs (VA) and Prudential Financial, Inc., celebrated a unique partnership Sept. 29 on the 40^th anniversary of the Servicemembers’ Group Life Insurance (SGLI) program.

“Together, VA and Prudential have partnered to help provide financial security for the men and women defending the freedoms precious to all Americans,” said the Honorable R. James Nicholson, Secretary of Veterans Affairs.  “Our service members give their best to our nation, and it is only right that we give them the best benefits we can provide.”

Congress created SGLI in 1965 to address the needs of service members for life insurance during the Vietnam War.  Unlike previous government life insurance programs administered by the federal government, SGLI is a group policy, purchased by the Secretary of Veterans Affairs to provide coverage for service members who may have difficulty obtaining insurance due to risks associated with military service or because of service-connected disabilities.

Since 1965, Prudential has administered SGLI, providing financial protection for survivors of military personnel. 

“It’s an honor for us to provide this service to those that defend our way of life,” said Prudential Chairman and CEO Arthur F. Ryan.  “The SGLI program helps us to give something back to those who have served their country.”

VA and Prudential have established a unique partnership over the years, and the SGLI program has been held up as an example of successful government/private industry cooperation.

For additional information on SGLI, please visit http://www.insurance.va.gov. 

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