SGLI Archive
Showing 1 - 5 of 7 articles
SGLI at a Glance: What You Need to Know
Military.com | Feb 21, 2006
Life insurance is one of the most important insurance policies you can have. If you do not have life insurance and sustain an injury while your deployed, the financial and emotional cost can be staggering.When you join the military, the government automatically provides coverage and deducts premiums from your pay. But you can elect to decline this coverage and choose a policy through a commercial life insurance company or nonprofit organizatio... more
SGLI for Reservists
Military.com | Apr 07, 2009
Are You Covered by SGLI? Full-time SGLI coverage means that as long as you are eligible and paying premiums, you continue to be covered by SGLI at all times. Full-time SGLI coverage is provided for the following members of the uniformed services while performing full-time active duty or active duty for training, under calls or orders that do not specify periods of less than 31 days: Commissioned, warrant and enlisted members of the Army, Navy... more
Maintaining Your Important Records
Military.com | Apr 07, 2009
Back in June of 1974, at Parris Island, S.C., I -- along with 79 other young men -- was given a form from a drill instructor. This particular form was for enrollment in Serviceman's Group Life Insurance (SGLI). As you can imagine, we were told what to write and where. Specifically, we were instructed to write "By-Law" in the beneficiary box. This means that a state court would decide who would be the beneficiary of my SGLI in the vent of my de... more
Do You Have VGLI? If So Read This
Military.com | Mar 25, 2008
Veterans Group Life Insurance (VGLI) is a great option for those servicemembers separating or retiring who cannot medically qualify for a regular life insurance policy. You are guaranteed to be able to convert your SGLI to VGLI if you do it within their time frame, without medical underwriting. And, you can even get a discounted rate if you pay annually instead of monthly. HOWEVER, if you can medically qualify, there is a better alternative th... more
Do You Have VGLI?
Military.com | Apr 16, 2009
Veterans Group Life Insurance (VGLI) is a great option for those service members separating or retiring who cannot medically qualify for a regular life insurance policy. You are guaranteed to be able to convert your SGLI to VGLI if you do it within their time frame, without medical underwriting. Additionally, effective 1 July 2008, VGLI premium rates were reduced for those ages 30-64, which comprise 85 percent of those insured under VGLI.HOWEV... more
ConnectMore