Family & Spousal Group Life Insurance
Veteran's Opportunities Act of 2001 extended life insurance
coverage to spouses and children of servicemembers under the
SGLI program effective 1 November 2001.
Family coverage is available for the spouses and children of:
duty servicemembers and
b. Members of the Ready Reserve of a uniformed service
Family coverage is available only for members who are insured
under the SGLI program. Additionally, it is not available for
those insured under the VGLI program.
Coverage amounts for spouses range from $10,000 up to a maximum
of $100,000 of coverage depending upon the amount of coverage
in place on the servicemember (the spouse coverage amount may
not exceed the amount of the servicemember's coverage). Rates
are based on the age of the spouse and increase in five year
increments. Each dependent child is covered automatically for
$10,000. Coverage for children is free.
For details and rates, visit the web site at www.insurance.va.gov.
Servicemembers retain the option to decline the dependent coverage
as well as select a lower amount than the maximum coverage.