In case a serviceman dies because of a traumatic injury, TSGLI will still be paid in case the serviceman survived for a time span of not less than a full week from the traumatic events date. However, if he/she had died before that, the maximum benefits for which the serviceman …Read More »
No. VGLI policy holders do not receive TSGLI coverage.Read More »
VA should know about the mobile home at the point where a foreclosure occurs and when the transfer custody is attempted by the servicer. VA appraisal time is only when we can know about this at first.Read More »
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.Read More »
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.Read More »
If I am a Reservist/ National Guard member who has been mobilized, how will my family SGLI coverage change?
Effective from the date of your orders, your spouse would be automatically and immediately be insured for the maximum FSGLI. Depending on the date of birth of your spouse listed in the DEERS, your premiums would be deducted accordingly form your pay. For knowing more about the premiums, please follow …Read More »
Yes. There are some conditions and injuries which are not included in the TSGLI coverage. For further information on the exclusions, you can contact your nearest branch office of TSGLI.Read More »
Yes. You have all the rights to retain other private or Government insurance in case you have the maximum amount of SGLI. However, you cannot receive more than $400,000 of the combined VGLI and SGLI coverage.Read More »
Does payment of TSGLI benefits reduce the amount of SGLI payable at the time of the Service member’s death?
No, the TSGLI payment does not impact the SGLI payable amount. For instance, in case a serviceman has an insurance of $400,000 on the account of SGLI coverage and receives a payment of $50,000 on the account of TSGLI coverage, the member might still have the insurance for the complete …Read More »
Not really. For the time when the serviceman experienced the traumatic injury during serving the military and was covered under SGLI, (unless it took place between 7th Oct, 2001-30th Nov, 2005), an application must be filed for the benefits even in the case they have been since discharged.Read More »