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	<title>New answer on: Is SGLI Term Or Whole Life Insurance?</title>

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		<title>By: Peggy Mace</title>

		<link>https://insurancelibrary.com/life-insurance/is-sgli-term-or-whole-life-insurance</link>

		<dc:creator>Peggy Mace</dc:creator>

		<pubDate>Wed, 04 Dec 2013 17:08:26 +0000</pubDate>

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		<description><![CDATA[The SGLI that is offered by the VA (Servicemembers Group Life Insurance) is Term insurance. However, it will stay in effect until you are discharged from the service. At that time, you can convert it to VGLI, which is also term insurance, but can be renewed for the lifetime of the insured person.]]></description>

		

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		<title>By: Samuel Smith</title>

		<link>https://insurancelibrary.com/life-insurance/is-sgli-term-or-whole-life-insurance</link>

		<dc:creator>Samuel Smith</dc:creator>

		<pubDate>Mon, 25 Nov 2013 13:46:51 +0000</pubDate>

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		<description><![CDATA[Single Guideline Level Premium is the premium(lump sum) that would be required to pay a policy up within the first 7 years of the policy issuance. Therefore, if I have a $500,000 face amount and for illustration purposes let&#039;s assume the lump sum I would need to invest in order to pay the premium up without having to make monthly premiums is $21000. While these figures are not calculated with a quotaqtion system it illustrates why having a life insurance policy is a good investment because I can pay the monthly premium and if the monthly premium is $100 I trade my $100 for a protection amount of $500.000. My wife and children would never scold me for wasting money.]]></description>

		

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