Description: This article provides a description of the eleventh in a series of annual reports by the Veterans Administration on the Servicemen’s Group Life Insurance Program. The author notes that the report gives general information on the Programs including a brief history from the inception in 1965 through the Veterans Insurance Act of 1974 and the introduction of the VGLI and Retired Reserve coverages, and details on the coverages and operation of the SGLI Program for the year ending June 30, 1976.

Description: The Veterans' Insurance Act of 1974, by introducing Veterans' Group Life Insurance VGLI, made major changes in the Servicemembers’ Group Life Insurance SGLI conversion privilege. The author discusses these changes and the role of the new VGLI.