I was just trying to understand the policy my main thing is in the unfortunate event of my death. Who gets the money? How much do they get I've seen it's up to 400,000 but I'm sure you don't get all of that. I've also read that you would have had to be active duty for more than 24 months to receive the insurance. What happens if you die during your first few months. How is your family taken care of. Again I'm not trying to be all dreadful but the reality of death is very real you could be going back to base & get hit with a roadside bomb. Thank you service member who risk your life so I can enjoy mine. Thank you
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Life insurance in the military?
- Thread starter David W
- Start date
not sure about a time waiting period before you get, I honestly do not think that's the case, once you sign up for SGLI your family OR the one OR more that you designate as getting all or some of it, get it.
For instance when my husband was active duty I was the sole beneficiary of the entire amount, it was mine to do what I pleased with.
Now that my son is now active duty, again the entire amount comes to me BUT he has left instructions as to how it is split and to whom, now he is currently over "there" but I would also get that money should he die in a car crash coming home from work one day, the way they die has NO impact [unless it is suicide I believe but again NOT sure] The entire amount comes to me until such time as he sees fit to change the person that gets the pay out on his death, this is ALWAYS his choice and only he can change it.
For instance when my husband was active duty I was the sole beneficiary of the entire amount, it was mine to do what I pleased with.
Now that my son is now active duty, again the entire amount comes to me BUT he has left instructions as to how it is split and to whom, now he is currently over "there" but I would also get that money should he die in a car crash coming home from work one day, the way they die has NO impact [unless it is suicide I believe but again NOT sure] The entire amount comes to me until such time as he sees fit to change the person that gets the pay out on his death, this is ALWAYS his choice and only he can change it.
SPCStevens
New member
you chose ur amount up to 400,000 it cost around 30 a month. You chose who gets it, but if its noot ur wife or husband they will get notification that they are not the recipient.You do not have to b e active duty. Also theres another 100,000 you get for free so you can have up to 500,000. It's not a bad benefit.