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FAQs

Where can I access SGLI family coverage forms?

You can access SGLI family coverage forms by clicking on this link: SGLV-8286A, Family Coverage Election If you are in the Navy, you no longer need to use the SGLV 8286A to make Family SGLI elections! You can now manage your Servicemembers’ Group Life Insurance (SGLI) coverage using the SGLI …

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Escrow account for taxes and insurance

My lender has increased my payments into the escrow account for taxes and insurance. What can I do? Or the amount my lender is collecting for taxes and insurance doesn’t seem right? What can I do? VA does NOT require lenders to maintain escrow accounts. VA does require that lenders …

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Are SGLI proceeds taxable?

Usually, VA benefits are exempted from tax. SGLI proceeds received due to the death of the insured are not a part of taxable gross income. However, But the proceeds value is included in the estate’s value which may be subjectable to taxation. If SGLI proceeds are paid to your beneficiary …

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How much does VGLI cost?

The premium rates for VGLI depend on age. Various age brackets for premium rates are available. You can receive a discount if you pay your premiums on an other than monthly basis. For more information on specific premium rates, please refer to the current VGLI Premium Rate Table. As of …

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What is Beneficiary Financial Counseling Service?

Beneficiaries of Service members Group Life Insurance and Veteran’s Group Life Insurance are entitled to additional benefits under the Beneficiary Financial Counseling Service. Professional advice on financial matters is provided to beneficiaries free of charge. ‘Financial Point’ provides free counseling services to all beneficiaries. More information can be found by …

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