SGLI question

[Smurfette]

I was just reading the LES for this month and I noticed that it had Fam/Spouse coverage for X amount. Am I automatically covered? I also want to look into more coverage for both of us. Any advice would help.

P.S. Congrats on all the MF babies!

[basilosaurus]

Last I looked at it was years ago, when we fist got married. If you're paying for it, you're covered. However, the payout is a tiny fraction of what his would be. I believe if you want more coverage for either you have to do that on your own.

[pennylane]

My H signed me up to have it- I'm assuming yours did the same. I don't think it's automatic since you have to pay for it. I have additional coverage my mom had purchased for me years ago, which I took over. It is through MetLife. I would look around on the internet and get free quotes and decide from there. I know USAA has life insurance I'm sure is worth looking into.

[Smurfette]

Sorry I didn't state that clearly. I know we would have to find other coverage ourselves. I was just asking for suggestions for companies. He said he didn't add me. I am not sure why it would be there if I wasn't covered.

[booyah]

You are covered for $100,000, and it costs around $5-6 a month. You have to opt out if you don't want it.

[Smurfette]

It says we are only paying $5 a month for it, but wouldn't it be more if it were for two people?

[basilosaurus]

His is a benefit of serving. Just like you have to pay for dental but not for the SM.

[Smurfette]

Oooh ok. Well thank you for explaining that to me. It makes me feel a little bit more secure knowing that I am covered as well.

[Smurfette]

So why would we only being charged $25?

[Deleted]

On my LES, SGLI and FAM/SPOUSE SGLI are on different lines.

The SGLI amount depends on what level of coverage the member elects when filling out the form, but maxes out at $400,000 ($27/mo). Some people decline coverage altogether when they fill out the form. If you do this, then you won't be covered, and you won't be charged. I think a lot of people do this initially because they don't know what level of coverage to get so they just decline. It's easy to request coverage again though -- just go to personnel flight and fill out the form again. Easy peasy.

FAM/SPOUSE SGLI is automatic at the full amount ($100,000 for $5/mo) when the member gets married. It can be declined later though if you don't want it.

[Smurfette]

I was having a complete *duh* moment. I went back and checked the LES and it has $27 and a few down $5 for Fam/Spouse. Thank you Villanv. His dad helped him with all of that when he joined. How long after marriage does it take effect?

ETA: Forget that most take a year and if anything happens P can always talk to his superiors and get those answers