Sgli Form for the United States
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Sgli Form
"Need to complete an SGLI Form for a newly enlisted Marine Corps servicemember with maximum coverage ($400,000) and split beneficiary designation between spouse (60%) and parents (40%), effective March 2025."
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1. Member Information: Personal and service details of the servicemember including name, rank, service branch, and ID number
2. Coverage Election: Section for selecting the amount of life insurance coverage in $50,000 increments up to the maximum allowed
3. Beneficiary Designation: Details of primary and contingent beneficiaries including full names, relationships, addresses, and share percentages
4. Payment Authorization: Authorization for automatic premium deductions from service member's pay
5. Certification and Signature: Member's acknowledgment of terms and conditions, dated signature, and witness information
1. Spouse Coverage Election: Optional section for married service members to elect or decline life insurance coverage for their spouse
2. Dependent Children Coverage: Optional section for service members with dependent children to confirm automatic coverage for eligible dependents
3. Traumatic Injury Protection: Optional section for electing additional TSGLI coverage for traumatic injuries
1. Privacy Act Statement: Mandatory appendix explaining how personal information will be collected, used, and protected
2. Beneficiary Designation Instructions: Detailed guidance on properly completing beneficiary information and allocation of benefits
3. Rate Chart: Current premium rates based on coverage amount and payment schedule
4. SGLI Coverage Conversion Information: Information about options for converting SGLI to VGLI upon separation from service
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