Servicemembers' Group Life Insurance

Servicemembers' Group Life Insurance (SGLI) is a program that provides low-cost life insurance coverage to active-duty military members and certain veterans. It ensures that, in the event of a servicemember's death, their beneficiaries receive a financial payout to help with expenses and support. Coverage amounts are typically up to $400,000, and premiums are deducted directly from their pay. SGLI also offers options for converting to a private policy after leaving military service, ensuring continued coverage. Overall, it serves to provide peace of mind to servicemembers and their families during and after their military careers.