SGLI Insurance

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PostPosted: Fri Jun 12, 2009 9:20 am   Post subject:   

Sd,

Quote:
is there a possibilty the policy was filled out, but, NOT summitted?


Is this possible? Does it happen too often that the employees would fill-up the forms but those were never submitted by the employer?

I think the experts would be able to tell what would happen in such cases. Would the beneficiary still get the death benefit?
simon
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PostPosted: Fri Nov 13, 2009 10:00 pm   Post subject: SGLI  

i heard that you could get cash back from your sgli after you retired from service >
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ssgsg
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PostPosted: Tue May 18, 2010 4:24 am   Post subject: Heart Attack  

My husband had a heart attack 2 years ago. He is still full time Army and now is deployable but SGLI sent us a letter cancelling our life insurance. Can they do that when he has been deemed deployable?
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guinea1
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PostPosted: Tue May 18, 2010 3:35 pm   Post subject:   

Does not make one bit of sense.

According to the Navy Mutual's FAQ page, the following is true:

Quote:
It is automatically given to service members at the maximum amount, and everyone is covered for the same cost regardless of health. Service members must request to change the insurance policy coverage.

Maximum coverage ($400,000) automatically provided unless reduced or refused by the active duty member.

Reduced or refused insurance coverage can be restored by written request with proof of good health and compliance with other requirements.


http://www.navymutual.org/ServicemembersGroupLifeInsuranceSGLI.asp

Contact the VA's SGLI Office immediately for an explanation.

From the VA's SGLI Website:

Quote:
If you have questions about Servicemembers' or Veterans' Group Life Insurance, You should contact the Office of Servicemembers' Group Life Insurance directly.

Toll-free telephone: 1-800-419-1473

Toll-free fax numbers:
Death and accelerated benefits claims only: 1-877-832-4943
All other fax inquiries: 1-800-236-6142

E-mail:
Death and accelerated benefits claims only: osgli.claims@prudential.com
All other inquiries: osgli.osgli@prudential.com

General Correspondence:
Office of Servicemembers' Group Life Insurance
80 Livingston Avenue
Roseland, New Jersey 07068-1733

New VGLI Applications and VGLI Reinstatements:
OSGLI
PO Box 41618
Philadelphia, PA 19176-9913


http://www.insurance.va.gov/sglisite/miscellaneous/contact.htm

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PostPosted: Tue May 18, 2010 3:37 pm   Post subject:   

Quote:
i heard that you could get cash back from your sgli after you retired from service


You heard that from a fool.

SGLI is TERM insurance. Term insurance = NO CASH VALUE.

Period.

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PostPosted: Sun Jan 23, 2011 6:02 am   Post subject: policy number  

How can I get the policy number on my SGLI? Is there a place to go or someone I can call to get the policy number?
I'm going to be deployed soon and would like my children to have it in case. Just so that the can have it if any one was to ask for it in the invent of my death.

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johnnyhughey
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PostPosted: Sun Jan 23, 2011 7:41 am   Post subject:   

On the Department of Veterans Affairs (US Government) website, the following information has been posted:

If you have questions about Servicemembers' or Veterans' Group Life Insurance, You should contact the Office of Servicemembers' Group Life Insurance directly.

Toll-free telephone: 1-800-419-1473


( http://www.insurance.va.gov/sglisite/miscellaneous/contact.htm )

I'm sure that if you contact them at that phone number, you will have all your questions answered.

Be sure that your beneficiary designations are SPECIFIC. If you want the money to go to your children in the event of your death, God forbid, then list each of them BY NAME as a beneficiary (all PRIMARY). If they are minors, by law the money cannot be paid directly to them, but will be placed in a trust for their benefit. At their age of majority, they may access the money directly. Prior to that, the trustee may release funds for the needs of the child.

God bless you in your service to our country. My son is a "lifer" in the USMC. 15 in - 5 to go -- was in Iraq for Christmas in 2008 and in Afghanstan for Christmas in 2009, and now safely "home" as an instructor at MCCES, USMCAGCC Twentynine Palms, CA. A family in my church has a 19-year old son in the USMC now in Afghanistan (in an artillery battalion lobbing 105mm shells at the unseen "enemy"), and we pray daily for his safety, and the safety of his entire gun crew, as well as for all the other men and women now deployed around the world.

If you are deploying to Afghanistan or Iraq, keep your head down and your Kevlar on at all times. And be sure your clips and magazines are full.

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MaxHerr
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PostPosted: Mon Jul 18, 2011 7:16 pm   Post subject: TSGLI  

IN A CAR ACCIDENT RUPTURED TWO DISCS AND IN PAIN DAILY NEED DISC REPLACEMENT AND FUSION. I CANT STAND LONGER THAN 10 MIN, THE PAIN GETS UNBEARABLE AND I WAS DENIED.....
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GRANT CHANDLER
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PostPosted: Mon Jul 18, 2011 9:15 pm   Post subject:   

And does this have anything to do with Servicemembers Group Life Insurance?
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California-licensed Property & Casualty Broker-Agent and Life & Health Agent. CA Insurance License #0596197. Send me your questions, and I'll send you my answers. I live, breathe, and teach insurance!
MaxHerr
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MaxHerr
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Location: Pomona CA
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