SGLI Questions and Answers
When does SGLI terminate when mbr is AWOL?
on the 32nd day
When would SGLI stopp for a mbr confined by military or civilain court?
on the 32nd day of military confinement; wehn order stated forfeiture of all pay and allowances. On the 32nd day of civilan confine...
SGLI Questions and Answers
When does SGLI terminate when mbr is AWOL? - answer on the 32nd day
When would SGLI stopp for a mbr confined by military or civilain court? - answer on
the 32nd day of military confinement; wehn order stated forfeiture of all pay and
allowances. On the 32nd day of civilan confinement when sentence has been
adjudicate.
What is maxiumun coverage and what is the cost for SGLI? - answer Max.
$4000,000 at a cost of $26 per month and 7 cents per $10,000 for lessor coverage
What is the effective date of the SGLV - 8286? - answer The date mbr signs the form
When did SGLi take effect - answer 29SEP65
Who is eligible to recieve SGLI - answer All AD and Reserve mbrs who perform full
time AD, ADT under orders not specifying periods of less than 31 days, mbrs of the IRR
attahced to a unit that may require ADT where they are scheduled to perform a
minimum of 12 ADT drills credible for retirement purposes, and retired reserve mbrs not
having received their first increment of retired pay or haing turned age 61
In what orders are proceeds of SGLI paid if no bebeficiaies are designated? - answer
Spouse, children in equal shared (if child is deceased then surviving children will get the
money) parents, executor, other next of kin
What amount of coverage is paid out for FSGLI? - answer up to $1000,000 in
increments of 10,000
What is the coevrage amount for dependent children? - answer Dependent children
are automatically covered for $10,000. For mbr to mbr 1 child is covered for 10k
When does coverage for a spouse under FSGLI end? - answer 120 days after
divorce, death or termination coverage
What us the Combat SGLi allowance? - answer An allowance eual to the amount of
a mbrs SGLI premium (coverage is set to max automatically) for mbrs serving in areas
designated by SECDEF/SECDHS
When will a reservists SGLI coverage be administravely terminated? - answer When
a reservust SGI premiums are deducted from pay, and they fail to drill for 5 consecutive
months
Are the proceeds to SGLi taxable when paid to a beneficiary? - answer No
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Pogba119. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
