Each soldier is automatically enrolled for SGLI or life insurance. The automatic enrollment is for $400,000. A soldier can elect to have less coverage, in increments of $10,000, or to decline coverage all together, though this is not advised. If the soldier chooses less than the maximum benefit, he must do so in writing.
The premium is $.07 for every $1,000 in coverage. The premium is automatically deducted from his pay each month. It is up to the soldier to choose who the beneficiary or beneficiaries of the policy will be.
Spouses and children can also be covered under Family SGLI. The premium for spouses is based on the amount of coverage and the age of the spouse. Coverage for children up to $10,000 is provided at no charge. Additional information on family SGLI can be found at www.insurance.va.gov
It is important to note that this insurance coverage does not continue after the soldier is no longer on active duty. The soldier will, however, have the option to continue coverage under the VGLI program.