In countries like the U.S.A the benefits are provided to retirees, veterans and survivors. These benefits help these citizens financially. In 2024 there is a benefit called Military Life Insurance & Survivor Benefit which is made for the survivors. This benefit will provide support to the survivors of Veterans, active duty members and retirees. In this post we will discuss this program key details with its eligibility and cost. We will see what is included in this program and how the beneficiaries can enrol in this program? Check this post for in depth learning of Military Life Insurance & Survivor Benefits 2024.
Military Life Insurance & Survivor Benefits 2024
Military Life Insurance & Survivors Benefits 2024 will cover the Active Duty Members Life Insurance, Veterans Life Insurance, Retirees Survivor benefit which will include Active Duty Retired Members, Retiring Reservists, Wartime Veterans Survivor Benefits. These survivor benefits will help the family members, dependents of the retired people financially. Some part of the pension will be given to these retirees survivors so that they feel financial stability for the rest of their life. In this post we will discuss each benefit eligibility with its premium rates, enrollment, changing or cancellation of policies and how the citizens can apply for these programs.
Military Life Insurance & Survivor Benefits 2024- Overview
| Title | Military Life Insurance & Survivor Benefits 2024 |
| Year | 2024 |
| Name of the Country | United States of America |
| Name of the Benefit | Military Life Insurance & Survivor Benefits |
| Beneficiaries | Active Duty Members, Veterans, Retirees and their survivors |
| Objective | Financial Aid |
| Category | Finance |
| Official Web Portal | www.usa.gov |
Military Life Insurance 2024
There are two policies named as Servicemembers Group Life Insurance and Veterans Group Life Insurance which provides the life insurance coverage to the Active duty members and veterans. This Military Life Insurance 2024 covers these two policies and we will discuss the eligibility, application procedure and monthly premium rates for these policies.
Servicemembers Group Life Insurance:
This Life Insurance is only for the Active Duty members only and this insurance will offer low cost coverage to qualified servicemen only. Those who are qualified will automatically register for this SGLI. Here we will see who qualifies for this: From below one condition must satisfy only:
- Volunteer in IRR Mobilization.
- Ready Reserve or National Guard member.
- Cadebt or Member of the ROTC.
- Cadebt of U.S. Military Academics.
- Commissioned member of NOAA or USPHS.
- Active member of Coast Guard, Army, Marines, Space Force, Navy, Air Force.
The maximum Coverage in this insurance is up to $5,00,000 which will be in increments of $50,000. This policy can be extended for 2 years if the service member has a disability. The Monthly Premiums are given below and these premiums are taken from the service member base pay and 6% is the rate per $1,000. Also $1 per month is included in the premium for TSGLI.
| Coverage | Monthly Premium | TSGLI | Total Premium |
| $5,00,000 | $30 | $1 | $31 |
| $4,50,000 | $27 | $1 | $28 |
| $4,00,000 | $24 | $1 | $25 |
| $3,50,000 | $21 | $1 | $22 |
| $3,00,000 | $18 | $1 | $19 |
| $2,50,000 | $15 | $1 | $16 |
| $2,00,000 | $12 | $1 | $13 |
| $1,50,000 | $9 | $1 | $10 |
| $1,00,000 | $6 | $1 | $7 |
| $50,000 | $3 | $1 | $4 |
Veterans Group Life Insurance:
This Life Insurance is offered to the veterans. It means that those who leave the military can get this VGLI. Veterans and Former Service members are covered by this policy and here we will see who get eligible for this policy:
- Those who have SGLI Policy for 1 Year may qualify.
- Those who are part time SGLI can qualify.
The coverage for this VGLI can be between $10,000 to $5,00,000. The rates for the premiums are based on the age of the former service member or veteran. The citizen can apply for this after leaving the military within 1 year or 120 days. The covered citizens can apply online through OSGLI web page and can mail at GSLV 8714 and can Fax at
- OGGLI
- PO BOX 41618
- Philadelphia, PA 19176-9913
Survivor Benefits 2024
When the military servicemen retire they get the pension amount and this pension amount ends when the beneficiary dies. The retired person can enrol in the annuity programs such as Survivor Benefit Plan, Reserve Component Survivor Benefit Plan, VA Survivors Pension and VA dependency and Indemnity Compensation program. These programs will provide support to the survivors. Survivors Benefits 2024 includes all these four plans for the survivors. We are providing the link for the detailed view of such a program which will cover its eligibility, amounts and enrollment.
| Survivor Benefit Plan | militarypay.defense.gov |
| Reserve Component Survivor Benefit Plan | dfas.mil |
| VA Survivors Pension | va.gov |
| VA dependency and Indemnity Compensation program | va.gov |
FAQ Related To Military Life Insurance & Survivor Benefits 2024
You can find in-depth knowledge for Military Life Insurance & Survivor Benefits on the official page www.usa.gov
The Active Service members, Veterans and retired citizens will get this Military Life Insurance & Survivor Benefits 2024.
