What is the maximum life insurance coverage provided by Servicemembers' Group Life Insurance (SGLI)?

What is the maximum life insurance coverage provided by Servicemembers' Group Life Insurance (SGLI)?

• A. $250,000
• B. $500,000
• C. $750,000
• D. $1,000,000

Answer: (B)

SGLI is designed to provide life insurance protection to service members with a fixed maximum amount. The maximum coverage you can have under SGLI is four hundred thousand dollars. You select your coverage in fifty-thousand-dollar steps, and premiums are automatically deducted from military pay. This setup makes it straightforward to secure meaningful protection while in service. If personal circumstances change or you need more coverage later, you can explore other options or convert to a separate plan after separation, but the SGLI cap remains four hundred thousand dollars.

SGLI is designed to provide life insurance protection to service members with a fixed maximum amount. The maximum coverage you can have under SGLI is four hundred thousand dollars. You select your coverage in fifty-thousand-dollar steps, and premiums are automatically deducted from military pay. This setup makes it straightforward to secure meaningful protection while in service. If personal circumstances change or you need more coverage later, you can explore other options or convert to a separate plan after separation, but the SGLI cap remains four hundred thousand dollars.