Servicemembers Group Life Insurance

(redirected from Sgli)
Also found in: Acronyms.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
The Death Gratuity and SGLI are both excellent benefits that can contribute considerably to a comprehensive life insurance strategy.
With the passage of the Veterans' Benefits Act of 2010, service members who incurred qualifying injuries outside of OEF or OIF during the retroactive period may be eligible to receive benefits, regardless of whether they had SGLI coverage at the time of their injury.
A servicemember may convert SGLI coverage to VGLI upon separation from service.
I hadn't felt very concerned up to this point, but when I saw the combined hydraulic needles drop to zero, I wondered if my SGLI information was current.
First, service members may protect the financial security of their loved ones while they are serving through Servicemembers' Group Life Insurance (SGLI).
Another key function in DIMHRS is the view-only screen, which lets soldiers view such personnel and pay items as family member information; Certificate of Release or Discharge from Active Duty (DD 214) and any corrections to their DD Form 214; Service Members' Group Life Insurance (SGLI) election; Leave & Earnings Statements and Wage and Tax Statement (Form W-2); Record Brief; currently assigned checklists; a record of civilian and military education, awards, contracts, and evaluations; and a Department of the Army photo.
We are required to wear the proper PPE, regardless of duty status (e.g., if I die, I don't want SGLI denying benefits to my family as the result of a bad line-of-duty determination for not wearing PPE).
Wife asks if it's possible to boost SGLI coverage before things go south.
Members of the Selected Reserve are eligible to purchase up to $400,000 of life insurance under the Servicemembers' Group Life Insurance (SGLI) program.
One type of insurance policy that remains the separate property of the insured, in spite of having premiums paid with community property earnings, is National Service Life Insurance ("NSLI") and Servicemen's Group Life Insurance ("SGLI").
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.