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Veteran's News and Info
SGLI Premium Rate Changes
The monthly premium for basic Servicemember's Group Life Insurance increased by 5 cents per month for each $10,000 of coverage, from .65 cents per month per $10,000 to .70 cents per month per $10,000, effective July 01. As a result of this increase, members who have the maximum $400,000 of SGLI coverage will see their monthly deduction from service pay increase by $2 a month, from $27 to $29, beginning with their July pay. This monthly SGLI premium includes a $1 per month charge for traumatic injury protection coverage, which took effect Dec. 1 and provides payments of up to $100,000 for serious traumatic injuries. by- Roger Bond / Post Services Officer
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