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 Posted: Wed Jan 21, 2009 12:18 pm Post subject: |
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sdchargersfan,
At this point, I not saying whether I agree or disagree with your comments, but they do sound strange to me.
| Quote: | | I am in a Army Reserve Unit in the state of PA ( I really don't want to 'reveal' which one), ..I was at the Unit about 3 months. We were told at one of our 'Safety Briefings' that a Soldier has died in a car wreck a few weekends before. He was NOT wearing a seatbelt...his Life Insurance was 'Null and Void' because of this...his family received NOTHING. |
Can you please provide the source of the "Laws" to which you make reference?
| Quote: | | The SGLI 'covers' a Soldier 24/7. However...........you have to go by the Laws, in which you RECEIVED the SGLI, to get the money. For example: NOT wearing a sealbelt, driving DUI, wreckless driving ( if proven), Suicide ( if proven,........ALL of these things make the SGLI 'Null and Void.' |
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InsuranceMaze
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| Posted: Wed Jan 21, 2009 12:18 pm Post subject: insurance |
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| INSURANCE MAZE.......that quote, in your post, is a TAD bit difficult for ME to understand, too...LOL WOW!!! |
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sdchargersfan
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| Posted: Wed Jan 21, 2009 2:25 pm Post subject: |
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| Quote: | | INSURANCE MAZE.......that quote, in your post, is a TAD bit difficult for ME to understand, too...LOL WOW!!! |
We understand SD'
SD' do us all a favor and click on THIS LINK titled Myths and Rumors About SGLI/VGLI Insurance from the United States Department of Veterans Affairs.
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True or False: SGLI or VGLI won't pay if I die in a motor vehicle accident or airplane accident and wasn't wearing a seat belt.
False: SGLI or VGLI claims are paid regardless of whether the member was or was not wearing a seatbelt. |
It seems to differ from your statement:
| Quote: | | We were told at one of our 'Safety Briefings' that a Soldier has died in a car wreck a few weekends before. He was NOT wearing a seatbelt...his Life Insurance was 'Null and Void' because of this...his family received NOTHING. |
Best regards,
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GarySpicuzza
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| Posted: Thu Jan 22, 2009 3:31 am Post subject: insurance |
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| Gosh, LORI!!..........I'm SOOOO very sorry. yes..I WILL look into the policy again. INSURANCE MAZE is right..however. Any Service member that is AWOL, Deserter, etc. DOES NOT get the Life Insurance. When I find out, for sure, I'll let you know. Ya know.......when you DO go AWOL, etc., you've just screwed up your whole life: Civilian and Military. Can't get a Federal or State job, etc. |
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sdchargersfan
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| Posted: Thu Jan 22, 2009 5:26 am Post subject: |
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I know there is a two year contestability for suicide, which means no funds will be paid out if the insured commits suicide within the two years, but after the two years, they can not contest it. Also, if suicide is committed within the two year, if I am not mistaken, they will pay back the premiums paid into it.
As far as lying, I have heard (not sure if my answer is 100%) that if they find out, and they will eventually, there is no pay out, it is basically null and void. But I am sure someone with more experience can help you better with that question. |
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Chula
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| Posted: Thu Jan 22, 2009 11:07 am Post subject: insurance |
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| Yes, GARY....obviously it DOES "differ" than what you have. However.................I'm just telling you what 'WE' ( the Company) were told by the CO ( Commanding Officier) of our company. According to the CO, this decision ( about if the Life Insurance was given to the family) was decided by the BCO ( Battalion Commanding Officier). The result was: no money was dispursed. |
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sdchargersfan
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| Posted: Thu Jan 22, 2009 11:14 am Post subject: insurance |
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| Also, I had made a previous post about a Soldier that killed himself in fron of an Army Chaplin ( sad story to hear, that's for sure!!). The Chaplin had said something similar: the Soldier's family did not receive the Life Insurance. The release of funds, from any Military Life Insurance policy, is at the discretion of a CO or BCO...no matter what the 'situation' with the Life Insurance. |
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sdchargersfan
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| Posted: Thu Jan 22, 2009 12:02 pm Post subject: |
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| Quote: | | You're saying they accidentally didn't die on purpose. Fine, but they intentionally didn't inflict enough damage to themselves to die on purpose. |
What I'm saying Gary is a true fact of life, NOT whether insurance will pay or not and it will never pay under the accidental death benefit...All I'm making is a statement of fact that many people that ''attempt suicide'' do not wish to die, they think they have a safety net that will save them...which fails in some way...Now, did they intend to shove a bottle of pills down their throat or shoot themselves in the chest? yep...did they INTEND to die...no....ALL people that even consider this have problems..that is a certainty...if you don't know anyone that has done this good for you, hope you live your entire life without dealing with it...but the fact of the matter is (and i suppose i could try and come up with some stats or links if you want)...many people 'accidentally' die from their 'attempted suicide''meaning (again) they intended the attempt but not the death....
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Lori
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| Posted: Thu Jan 22, 2009 12:53 pm Post subject: |
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TITLE 38 > PART II > CHAPTER 19 > SUBCHAPTER III > § 1973
Forfeiture
| Quote: | | Any person guilty of mutiny, treason, spying, or desertion, or who, because of conscientious objections, refuses to perform service in the Armed Forces of the United States or refuses to wear the uniform of such force, shall forfeit all rights to Servicemembers' Group Life Insurance under this subchapter. No such insurance shall be payable for death inflicted as a lawful punishment for crime or for military or naval offense, except when inflicted by an enemy of the United States. |
What is provided above is the actual United States Law that governs under what circumstances members of the United States Armed Forces can forfeit ALL rights to their Servicemembers' Group Life Insurance.
These are the ONLY reasons why the death benefit wouldn't be paid.
There is no mention of seatbelts, suicide, commanding cfficers, battalion commanding officers, chaplins, motorcycle accidents IF not wearing a helmet or what SD' says somebody said nor does it say:
| Quote: | | "The release of funds, from any Military Life Insurance policy, is at the discretion of a CO or BCO...no matter what the 'situation' with the Life Insurance." |
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Copyright 1956.
No Rights Reserved.
*Self Appointed Financial Expert |
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GarySpicuzza
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| Posted: Thu Jan 22, 2009 1:09 pm Post subject: |
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I will make one final comment in this thread, because it seems there is no end and no agreement.
In 2005, the SGLI program was a group insurance program marketed by Prudential Insurance Company. The same Prudential from whom you and I could purchase life insurance.
I am personally aware of the rumors and false information that is passed around in the military. I don't think that any insurance company would pay or not pay a death benefit based on the recommendation of a commanding officer or any other person.
If anyone has any further questions, they can be directed to the Office of Servicemembers' Group Life Insurance.
| Quote: | Contact OSGLI
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
Overseas:
Phone Number: 973-548-5699
Fax Number: 973-548-5300
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InsuranceMaze
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| Posted: Fri Jan 23, 2009 4:34 am Post subject: insurance |
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| I don't know what to tell you, GARY. Since I've been in the Military, the information, that I have posted above, is what I've been told. I actually asked our UA ( Unit Administrator) just to double check. He was looking the information, about SGLI, on a Military website, called AKO ( Army Knowledge Online). The information I posted, according to AKO website, is correct. Everyone who serves in the Military has an Army account, on AKO. You need your Military ID/Account name and a password. |
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sdchargersfan
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| Posted: Fri Jan 23, 2009 5:43 am Post subject: incontestability period |
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I'm an independent agent, have been for years and I can tell you that every single one of the carriers I deal with have a 2 year incontestability period meaning that they have 2 years to contest your death. If you die after that two year period, regardless of the reason, unless otherwise stated in your policy, they have to, by law, in any state, pay you. Military policies are different and they are written in accordance with the agreement made between the carrier and the military.
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jacksonfinancial
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| Posted: Fri Jan 23, 2009 11:42 am Post subject: |
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| Quote: | | Since I've been in the Military, the information, that I have posted above, is what I've been told. |
SD maybe this is where some confusion has come from .... perhaps this was the rule when you joined and has changed? or perhaps when your CO joined, but has since changed is that possible?
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Lori
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| Posted: Fri Jan 23, 2009 12:25 pm Post subject: insurance |
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| ANYTHING is possible, LORI. I DO see your point. However......I posted that I have talked to my UA (Unit Administrator) yesterday. As he was on the phone with me, he was looking up the AKO ( Army Knowledge Online) website. The information he had told me was the SGLI was 'Null and Void' if not wearing seatbelts, DUI, etc. ALOT of things have changed, in the Military, since I've been in. When I posted about the Soldier getting killed: this was in 2002. The Soldier in Iraq: this happened in ( I believe?) in Spring/Summer of 2002. I DO have to say, thought,..if there ARE changes about different Military issues, the 'updates' aren't always immediate. |
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sdchargersfan
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| Posted: Fri Jan 23, 2009 12:29 pm Post subject: |
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Probably the officers are telling you what they have also heard as you are believing what you have been told. May be they are using it as a fear factor from deterring personnel from committing such mistakes.
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bluebell
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