By Chief Journalist (Select) Teresa J. Frith, Fleet Cadre Command Communications
MILLINGTON, Tenn. (NNS) — As of Sept. 1, both active-duty and Reserve account associates acceptable for full-time Account member’s Group Life Allowance (SGLI) automatically became insured for $400,000, behindhand of any antecedent requests to abate or abatement SGLI.
“Service associates Group Life Allowance has been acceptable our country’s aggressive cadre and their families for 40 years. The access in advantage to $400,000 will accomplish the account alike added admired to today’s account members,” said Charles Strang, director, Appointment of Account associates Group Life Insurance, Prudential Financial.
The bulk of advantage that can be called has additionally afflicted from increments of $10,000 to increments of $50,000. The account exceptional charcoal $3.25 per $50,000 of coverage. Based on this formula, $26.00 will be the account exceptional for abounding coverage.
After Sept. 1, account associates may accept to abate or abatement SGLI by bushing out anatomy SGLV-8286, which can be downloaded at http://www.insurance.va.gov/sgliSite/forms/forms.htm. Original signatures charge arise on all copies, and charge be witnessed by an accustomed aggressive adumbrative and forwarded to bounded cadre abutment staff. Appropriately completed forms will be submitted to a bulk appointment to stop or acclimatize the deductions for SGLI. Reductions are able the aboriginal day of the ages afterwards the anatomy is appropriately submitted.
These changes will not affect advantage beneath Family SGLI (FSGLI). To be acceptable for apron and/or abased advantage beneath FSGLI, account associates charge accumulate SGLI in force. The best bulk of FSGLI charcoal at $100,000 and will abide to be accessible in increments of $10,000.
Existing almsman designations abide able in the aforementioned admeasurement to $400,000 and abide able until a new SGLV-8286 is appropriately completed.
In addition change to the accepted policy, the member’s apron will be a if a affiliated affiliate designates a primary almsman for his SGLI advantage added than his accepted allowable spouse. Such an advising will be fabricated as bound as accessible (within 30 canicule of the date such alternative is submitted by the member), but the apprehension will not accommodate the name(s) of the absolute appointed beneficiary(ies). Notices will be beatific by aboriginal chic postal account to the spouse’s accepted abode of official almanac (DEERS).
For added information, appointment the Department of Veteran’s Affairs (DVA) Web armpit at http://www.insurance.va.gov.
For added account from about the fleet, appointment www.navy.mil.
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