Servicemembers Group Life Insurance

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Servicemembers Group Life Insurance

Also called SGLI. Life insurance offered by the Veterans Administration to members of the United States uniformed services. Premiums on SGLI are very low and the death benefit is very high. Benefits are also paid for traumatic injuries.
References in periodicals archive ?
Barnum said MBA's Term 90 plan, which provides coverage to age 90, has rates below that of the government-subsidized Servicemembers' Group Life Insurance, and be questioned why the government should still be in the business of providing life insurance products to the military.
Servicemembers' Group Life Insurance Form 8286A is available at: http://www.
The program has grown to meet the challenges of the current conflict through a new Traumatic Injury Protection program under Servicemembers' Group Life Insurance that provides coverage to 2.
1, the Servicemembers' Group Life Insurance (SGLI) Traumatic Injury Protection benefit, known as TSGLI, will be payable for all qualifying injuries incurred during this period.
All Active Duty personnel who choose to participate in the military's life insurance program will pay $1 a month for the coverage as part of their Servicemembers' Group Life Insurance.
WASHINGTON -- The Department of Veterans Affairs (VA) has reviewed the account administered by Prudential that includes Servicemembers' Group Life Insurance (SGLI) and Veterans' Group Life Insurance (VGLI) programs to ensure beneficiaries are protected, being treated fairly, and accorded the utmost care and respect.
For current active-duty service members and reservists, VA supervises a contract with a private carrier to underwrite Servicemembers' Group Life Insurance.
Shinseki announced today that military personnel insuring their families under the Servicemembers' Group Life Insurance (SGLI) program, which is administered by the Department of Veterans Affairs, will have reduced out-of-pocket expenses beginning July 1.
Most service members and reservists take VA's life insurance coverage, Servicemembers' Group Life Insurance, though a few decline coverage.
For current active-duty servicemembers and reservists covered by Servicemembers' Group Life Insurance, no dividend is paid.
The VA Subcommittee on Benefits took testimony Thursday on a comprehensive package of education, burial, disability, pension and improvements, as well as a separate bill extending retroactively the Servicemembers' Group Life Insurance program to spouses and children.