Beyond SGLI - What They Didn't Tell Me In The Military
Key takeaways:
✅ SGLI protects — it doesn't build cash value.
✅ Other policies build cash value you can use.
✅ Other coverage options can stay with you after military service.
✅ You have several options to protect your family.
At 18, life insurance probably isn't at the top of your list.
But understanding your options early can make a difference.
✅ SGLI = Affordable military protection
✅ Cash value life insurance = Another option for some people to explore for long-term financial goals
Your future family, goals, and your future self matter.
Know your benefits. Know your options. Make your next move with confidence.
This is a simple example for education only. Actual permanent life insurance costs and cash values vary by company, health, policy design, and state.
Possible Cash Value Growth Example (Illustration Only)
SGLI (Military Life Insurance) vs Cash Value Life Insurance
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Your other benefits outside of SGLI while in service:
- Death Gratuity: ($100,000) A tax-free, one-time payment to eligible survivors of servicemembers who die while on active duty or under other qualifying circumstances. This benefit is separate from SGLI.
- Survivor Benefit Plan (SBP): If the member had retired or qualified under certain circumstances, eligible survivors may receive an annuity.
- Dependency and Indemnity Compensation (DIC): ($1,699.36 per month) A tax-free monthly benefit from the U.S. Department of Veterans Affairs for eligible survivors when the death is service-connected.
- Burial and funeral benefits: Depending on eligibility, survivors may receive burial allowances, military honors, and interment in a national cemetery.
- Unpaid military pay and allowances: Final pay, unused leave, and other amounts due to the servicemember's estate or designated beneficiary.
Disclaimer: This content is for educational purposes only and is not financial or insurance advice. Life insurance products have costs, limitations, and risks. Speak with a licensed insurance professional to determine what options may fit your individual needs.