Service Members Group Life Insurance

 

All active duty service members are eligible for up to $400,000 in Service members' Group Life Insurance (SGLI). They may also add optional spousal coverage of up to $100,000 and dependent coverage of up to $10,000. The fed Stop will assist you in your insurance needs and make sure your beneficiaries are properly named. If you desire more coverage, your Fed Stop Advisor will be able to assist you in reaching your needs.

 

All active duty service members are eligible for up to $400,000 in Service members' Group Life Insurance (SGLI). They may also add optional spousal coverage of up to $100,000 and dependent coverage of up to $10,000. The Fed Stop will assist you in your insurance needs and make sure your beneficiaries are properly named. If you desire more coverage, your Fed Stop Advisor will be able to assist you in reaching your needs.

 

FSGLI Coverage

Family SGLI (FSGLI) coverage offers life insurance coverage for the spouses and dependent children of all servicemembers (Active Duty and Ready Reserve) who have full-time SGLI coverage. A "dependent child" includes the following:
  • Natural born child
  • Legally adopted child
  • Stepchild who is a member of the servicemember's household
  • Child between the ages of 18 and 23 who is a full-time student
  • Child who is permanently incapable of self-support before age 18

 

Spousal Coverage

Spousal coverage is a maximum of $100,000 and can be in lesser amounts in increments of $10,000. However, spousal coverage cannot surpass the service member's level of SGLI coverage. Servicemembers married to other servicemembers can be covered under both their own member's SGLI for $250,000 and their spouse's FSGLI for $100,000 for a maximum combined coverage

 

Example: If the servicemember's coverage is for any level of coverage between $250,000 and $100,000, then the spousal coverage can be as high as $100,000. If the servicemember's coverage is $90,000 to $10,000, then the spousal coverage can be no more than the servicemember's level of coverage.

 

SGLI Page (U.S. Department of Veterans Affairs)

www.insurance.va.gov/sglisite/sgli/sgli.htm For general information about Servicemembers' Group Life Insurance with links to premium rates, FAQ's and points of contact.

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