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How much does SGLI cost?

The monthly cost of SGLI is $26 plus $1 which is added for Traumatic SGLI; totaling monthly amount of $27 for a coverage of $400,000. For less than $400,000 coverage, the cost is $3.50 per $50,000. Part time coverage premium for $400,000 will cost $27 per year. Individual Ready Reserve Members will need to pay $1 for one day call-ups of$400,000 coverage. These amounts are automatically deducted from the service pay each month. From July 1st, 2008 there has been a decrease in SGLI premiums: http://www.insurance.va.gov/sgliSite/miscellaneous/premDecrease2008.htm

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