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 ?
Moving to an online, self-service system brings the SGLI program in line with current insurance industry best practices.
SGLI may be converted to an individual policy of life insurance with a commercial company that participates in SGLI within 120 days following release from active duty.
57) Although Laneri decided to list Beth as a beneficiary of her SGLI, it was not without fear.
For those in the military who need life insurance, First Command recommends that they first accept the government's SGLI term plan, which covers active members of the military.
1, 2000, increase in the maximum SGLI benefit for servicemembers killed in the line of duty to $250,000.
Other programs underway comprise: MUSIS/CSO (successor of HELIOS II), MTG (Meteosat Third Generation, ESA), and SGLI (Second generation GLobal Imager) instrument onboard GCOM-C (Global Change Observing Mission -Climate), HAYABUSA2 (asteroid study) or CHANDRAYAAN-2 (lunar surface mapping).
Beneficiaries of death gratuity and SGLI benefits can make use of the Roth IRA to generate significant retirement savings.
For instance, SGLI provided while in service may be offered to eligible veterans by enabling them to enroll in VGLI.
What happened was that Congress did indeed create SGLI, even though the government "set and collect premiums, d[id] record keeping and pa[id] for war deaths.
Recently I saw an article and a related e-marl about troops not participating in Servicemembers Group Life Insurance, SGLI.
The SGLI benefit is paid to the beneficiaries if the Soldier dies while on active duty, regardless of whether the death occurs in a combat zone.
On a side note, we later learned that, as we were wondering if our SGLI was current, the rescue swimmer, upon hearing the engine spool down, was doing his best Mark Spitz impression in the opposite direction.