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Question 1

When does SGLI terminate when AWOL?

Answer 1

On the 32nd dy

Question 2

When would SGLI stop for a mbr confined by military and/or civilian court?

Answer 2

On the 32nd day of military confinement when order states forfeiture of all pay and allowances and on 32nd day of civilian confinement when sentence has been adjudicated.

Question 3

How long does SGLI/FSGLI remain in effect upon separation?

Answer 3

On 120th dy, unless totally disabled upon separation (then 2 yrs from last day or time no longer totally disabled whichever is shorter).

Question 4

What is the purpose of the SGLV-8286 form?

Answer 4

To increase, reduce, decline, or cancel SGL coverage, to change beneficiaries, and to elect a method for paying proceeds.

Question 5

What is the maximum coverage and what is the cost?

Answer 5

$400,000, at a cost of $26.00 per month and 7 cents per $10,000 for lessor coverage

Question 6

What is the effective date of the SGLV-8286?

Answer 6

The date the mbr signs the form.

Question 7

To locate information on SGLI what manual should you consult?

Answer 7

1741.1 (Series).

Question 8

When did SGLI take effect?

Answer 8

29Sep65.

Question 9

Who is elgible for SGLI coverage?

Answer 9

All active and reserve mbrs who perform full time active duty, ADT under orders not specifying periods of less than 31 dys, mbrs of the IRR attached to a unit that may require ADT where they are scheduled to perform a minimum of 12 ADT drills creditable for retirement purposes, and retired reserve mbrs not having received their first increment of retired pay or having turned age 61.

Question 10

How can a mbr who has previously elected to cancel SGLI obtain or increase coverage?

Answer 10

Submit SGLV-8285 (request for insurance) form to OSGLI for review and approval.

Question 11

What handbook should a mbr have when completing the SGLV-8286 form?

Answer 11

The servicemembers and Veterans Group Life Insurance Handbook (VA Handbook 29-75-1).

Question 12

What should a mbr want to leave SGLI money to a minor be told?

Answer 12

Insurance cannot be paid to a minor beneficiary other than a spouse without a court appointed guardian

Question 13

How many copies of the SGLI form will be made?

Answer 13

Original and two (all needing original signatures).

Question 14

If a mbr declines or reduces coverage what is the effective date of that new election?

Answer 14

Midnight on the last day of the month in which the election is processed.

Question 15

When filling out the SGLV-8285 to reinstate a mbrs coverage when does the form need approval from OSGLI?

Answer 15

When mbr marks “Yes” in block 11 or any part of blocks12 and 13 then approval is needed.

Question 16

In what order are proceeds of SGLI paid if no beneficiaries are designated

Answer 16

Spouse, children in equal shares (if child is deceased then surviving children will get money), parents, executor, other next of kin.

Question 17

What is the amount of a accelerated benefit available to a member?

Answer 17

Up to 50% of the face value of the insurance coverage in $5000 increments

Question 18

If a member elects less than the maximum SGLI coverage, what increments must the coverage be elected in?

Answer 18

$50,000

Question 19

. In order to receive accelerated SGLI/FSGLI benefit what must happen?

Answer 19

Must submit a written notice from a doctor certifying that the insured has 9 or less months to live.

Question 20

What is the limit to the FSGLI maximum coverage amount?

Answer 20

Cannot be more than the amount of SGLI elected.

Question 21

What is the coverage amount for FSGLI?

Answer 21

up to $100,000 in increments of $10,000.

Question 22

What is the coverage amount for dependant children?

Answer 22

Depn children are automatically covered for $10,000 (mbr married to mbr 1 child is covered for only $10K)

Question 23

How does a mbr decline or reduce FSGLI coverage?

Answer 23

by completing a SGLI 8286 family coverage election form

Question 24

When does coverage for a spouse under FSGLI end?

Answer 24

120 days after divorce, death, or termination of coverage.

Question 25

Who is the benificiary of FSGLI proceeds?

Answer 25

The servicemember

Question 26

What is the SGLI 8285A form used for?

Answer 26

To elect FSGLI after initally declining it (requires proof of good health).

Question 27

How long does spousal coverage remain in effect (at no cost to the mbr) after being cancelled by the mbr?

Answer 27

120 days

Question 28

What 4 events will cause spousal coverage to be automatically terminated?

Answer 28

When mbr cancels coverage in writing, when mbr cancels their own coverage, when mbrs coverage terminates due to death and upon divorce.

Question 29

When must a spousal notification letter be issued for the SGLI-8285A?

Answer 29

When a mbr cancels spousal coverage

Question 30

When a single mbr gets married, what happens to spousal coverage?

Answer 30

Mbrs spouse is automatically covered for the max amount.

Question 31

How are FSGLI proceeds paid when a mbr dies before receiving SGLI funds?

Answer 31

To the beneficiaries listed on the SGLI form

Question 32

What is TSGLI?

Answer 32

Tramatic Serviceman’s Group Life Insurance

Question 33

When TSGLI paid and what are the premiums

Answer 33

Mbrs receiving any level of SGLI coverage are automatically covered and premium of $1.00 per month is added to policy. Payment is $100,000 paid to anyone suffering a traumatic injury (loss of foot, eyesight, ect)

Question 34

What is the Combat SGLI allowance?

Answer 34

An allowance equal to the amount of a mbrs SGLI premium (coverage is set to max automatically) for mbrs serving in areas designated by SECDEF/SECDHS.

Question 35

When will a reservists SGLI coverage be administratively terminated?

Answer 35

When a reservist SGLI premiums are deducted from pay, and they fail to drill for pay for 5 consecutive months.

Question 36

What is the minimum information need to effect a change of SGLI beneficiary?

Answer 36

Mbrs name, Beneficiary’s name, mbr signature and date and CG rep signature and date.

Question 37

Who is an authorized CG Rep for SGLI purposes?

Answer 37

CO, XO or YN

Question 38

Does the SGLI-8285A need to be signed by the CG rep?

Answer 38

Yes (even though the form does to state that it is required).

Question 39

When must a spousal notification letter be issued for the SGLI-8285?

Answer 39

When mbr elects no coverage, reduced coverage or when mbr elects someone other than spouse or child as a beneficiary.

Question 40

Are the proceeds of SGLI taxable when paid to a beneficiary?

Answer 40

No.

Question 41

Can an SGLI election be made to a minor child?

Answer 41

Yes, payment will be made to the child’s guardian.