Amazingly useful posts guys - please keep it coming (STS).

My question is, is there some prohibition against taking SBP and having life insurance as well? My gameplan is to do both, and am comparing VGLI vs other life insurance options. Anyone in the know?

For background, I'm 50, retiring USAF O-6 F-16 pilot. Kids are grown and gone, so it's just me and the hot blonde. I've got a class date at SkyWest (haven't flown since '06), and another civilian flight instruction job lined up, still struggling to decide what I really want to do when I grow up...