New Policy on Disclosure of Insurance Benefits

Week of February 26, 2007

A new policy is now in place mandates that a written notification be sent to the spouse if a married servicemember either rejects Servicemembers' Group Life Insurance coverage, elects an amount other than the maximum $400,000 coverage, or names a person other than their spouse or children as the policy's primary beneficiary. Local personnel departments are required to send written notification within 30 days of a servicemember's change to information, but the letter will not say who the other beneficiaries are or how much coverage the servicemember has elected to take. Additionally, the spouse will receive a "Frequently Asked Questions" sheet aimed at answering common questions they may have.

To learn more about Servicemembers Group Life Insurance, visit the Military.com Benefits Channel.

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