The #1 Reason to Supplement Your SGLI

Week of July 30, 2007

The purpose of carrying life insurance is to protect your family of when you die, not just the first year after your death - but long enough to ensure that your children can go to college, your spouse doesn't lose the house, and collection agents don't come knocking at the door. In fact, if you are married, life insurance is not a choice; it's your responsibility.

A recent congressional study of the current military cash compensation rates (base pay, special pay, BAH, subsistence, etc.) showed that an E-6 with dependents is paid more than $56,000 annually. Over ten years that's $560,000, not including inflation. When you factor in income replacement, inflation, debt elimination, and burial expenses, a 30-year-old E-6 should be insured for at least an additional $600,000.

So what is the number one reason to consider supplementing your SGLI? It's your responsibility! If you're an active duty Sailor, Marine or Coastie contact a Navy Mutual Aid Association representative today to get a FREE rate quote and to learn how they can help you meet your insurance responsibilities.

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