SGLI and FSGLI Premiums Decreasing

The costs of Servicemembers' Group Life Insurance (SGLI) and Family Servicemembers' Group Life Insurance (FSGLI) will be decreasing on July 1, 2019.

SGLI Premiums

SGLI is a Department of Veterans Affairs life insurance program that all military members are eligible for, while FSGLI is a life insurance program for their dependents.

These amounts include a mandatory $1 monthly charge for

SGLI costs 6 cents per $1,000 of coverage. All SGLI participants must pay a $1 monthly charge for Traumatic Injury Servicemembers' Group Life Insurance (TSGLI), which is a special program that provides short-term financial assistance to severely injured members who have traumatic injuries. This brings the monthly premium to $25 for $400,000 worth of coverage. Previously, it cost 7 cents per $1,000 of coverage, or $29 per month for full coverage.

You can buy SGLI in increments of $50,000 up to a maximum coverage of $400,000. 

FSGLI Premiums

FSGLI includes an automatic free $10,000 of life insurance for dependent children; the monthly premium for a spouse is based on their age. Previously, the monthly premium ranged from $0.50 per $1,000 coverage for a spouse under 35 to $5.00 per $1,000 coverage for a spouse over 65. Those rates will drop to $0.45 and $4.50 respectively.

FSGLI coverage amounts range from $10,000 to $100,000 but cannot exceed the SGLI coverage amount.

No action is necessary to take advantage of the new lower rates. Adjustments will be automatic and reflected on your leave and earnings statement.

To make changes to your SGLI or FSGLI coverage, contact your personnel office or update your selection in the SGLI Online Enrollment System (SOES).

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