Eligibility criteria
In order to qualify for this benefit program, you must have been in military service in any of the following branches/areas: Individual Ready Reserve or the Inactive National Guard, Commissioned Corps of the National Oceanic and Atmospheric Administration, Reserve Officer Training Corps, one of the four service academies -- as a midshipman, or as a servicemember on active duty or ready reservists.

Description
Servicemembers' Group Life Insurance (SGLI) is currently available to all members of the uniformed services. SGLI is a group life insurance policy purchased by VA from a commercial life insurance company. SGLI coverage is available in $10,000 increments up to the maximum amount of $250,000 at a cost of .80 per thousand. Servicemembers are automatically insured for the maximum coverage amount of $250,000 unless they reduce or decline coverage in writing. SGLI insured have two options available to them upon release from service. They can convert their full-time SGLI coverage to term insurance under the Veterans' Group Life Insurance program or to a permanent plan of insurance with one of the participating commercial insurance companies.

Managing organization
U.S. Department of Veterans Affairs http://www.va.gov/

Program contact information & web resources
For more information visit:
http://www.insurance.va.gov

If you want to know how to apply for SGLI or have questions about your insurance policy call:
800-419-1473