Survivor Benefits Archive

Showing 1 - 5 of 35 articles

Family Servicemembers' Group Life Insurance (FSGLI)

Family Servicemembers' Group Life Insurance (FSGLI) is a program extended to the spouses and dependent children of members insured under the SGLI program. FSGLI provides up to a maximum of $100,000 of insurance coverage for spouses, not to exceed the amount of SGLI the insured member has in force, and $10,000 for dependent children. Spousal coverage is issued in increments of $10,000, at a monthly cost ranging from $.50 to $5.00 per increment... more

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Military Life Insurance - SGLI

SGLI is a VA program that provides low cost group life insurance to members of the Uniformed Services, including commissioned officers of the Public Health Service and the National Oceanic and Atmospheric Administration, cadets and midshipmen of the service academies. Members are automatically insured under Servicemembers' Group Life Insurance (SGLI) for the maximum amount of $400,000 unless an election is filed reducing the insurance by $50,0... more

Survivor Support Organizations

In times of tragedy and personal need there are several organizations available to provide aid and support. The following section will help you to find the support you need in difficult times. Tragedy Assistance Program for Survivors (TAPS) TAPS is an organization that is dedicated to supporting anyone and everyone who has ever been affected by a service member's death that occurred on active duty. TAPS provides, at no cost to the survivor, ... more

SBP Open Season FAQs

Congress has set a one-year open enrollment period (October 2005 to September 30, 2006) to allow retirees to enroll in the Survivor Benefit Plan (SBP) or increase their participation. Congress set the open season after eliminating the SBP social security offset that reduced SBP coverage from 55% of the base amount elected to 35% of the base amount at age 62. The new plan provides 55% benefit regardless of the age of the annuitant. If you consi... more

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The Survivor Benefit Plan Explained

When a military retiree dies their retirement pay stops. This means that the surviving spouse will be left without a substantial income source. If you are a retiree you need to give serious thought to how you can protect your spouse from the hardships caused by the loss of your retirement pay. One option available to you is the Survivor Benefit Plan. The SBP is an insurance plan that will pay your surviving spouse a monthly payment (annuity) ... more

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