Servicemembers Group Life Insurance

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 ?
Navy members now have the opportunity to enroll or change their Servicemembers Group Life Insurance (SGLI) online.
There are two types of payments (3) that survivors of servicemembers may be eligible for upon the death of a servicemember: (1) payment of a death gratuity, (4) or (2) proceeds from a policy for Servicemembers Group Life Insurance (SGLI).
Servicemembers Group Life Insurance is a good deal, but if you need life insurance, chances are you should have some purchased from a private company.
Commands were given the Records of Emergency Data (Page 2) and the Servicemembers Group Life Insurance (SGLI) forms from closed out records to retain for the duration of a member's tour, plus 90 days after PCS transfer, or 180 days after separation.
The use of the account-based settlements was an established best practice within the life insurance industry at the time the VA agreed to incorporate it in the Servicemembers Group Life Insurance (SGLI) program.
One of these benefits is Servicemembers Group Life Insurance, and related policies such as the Family Servicemembers Group Life Insurance and Traumatic Injury Protection Program.
Unlike soldiers with traumatic injuries, they are not eligible for Traumatic Servicemembers Group Life Insurance injury benefits.
Servicemen and women need to register for a monthly fee of one dollar for the extra coverage on top of what they pay for Servicemembers Group Life Insurance.
expand the Servicemembers Group Life Insurance program to include spouses and children;
64) This section also allows the Office of Servicemembers Group Life Insurance to set the premiums for spouses of those servicemembers in the IRR, negating the requirement that all premiums must be the same for all servicemembers.
When that Sailor marries or has a child, the spouse or child is automatically enrolled in Family Servicemembers Group Life Insurance (FSGLI).
increase the maximum amount of coverage available through the Servicemembers Group Life Insurance Program to $250,000;