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Who Is The Beneficiary Of TSGLI?

The beneficiary of TSGLI is the serviceman himself/herself. No other person can be named as a beneficiary of the benefits received as a result of TSGLI. In case the serviceman is declared incompetent, the benefits will be provided to the attorney-in-fact or guardian of the serviceman.

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Is the money secure?

Yes. Funds in alliance accounts have the back of the financial support of the State Guaranty Associations and The Prudential Insurance Company of America. Therefore, the alliance account is not a bank product or a bank account and is not insured by FDIC.

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