What Is Servicemen Group Life Insurance?

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    Peggy Mace
    Most of the U.S.
    Servicemen Group Life Insurance (SGLI) is a group life insurance policy provided to uniformed service members by the VA. It is a $400,000 life insurance policy that has a relatively low cost. Eligible persons are automatically given the entire $400,00 but have the option to reduce that amount or not take the policy at all, if desired.
    Answered on June 3, 2013
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