Family Group Life Insurance: What You Need To Know

Family Servicemembers' Group Life Insurance (FSGLI) is a program that provides term life insurance coverage to the spouses and dependent children of service members insured under Servicemembers' Group Life Insurance (SGLI). FSGLI is a form of group insurance, which means that a relatively large number of people are covered by a single contract administered by an employer. In this case, the employer is the government, and the group covered are members of the military and their families.

Family Servicemembers' Group Life Insurance (FSGLI)

FSGLI is a component of SGLI that allows a member of the military to provide life insurance for their spouse and children without the worry of meeting the qualification criteria required of a civilian policy. It is only life insurance, so it doesn't cover disability or other medical and health issues.

Group life insurance means that a relatively large number of people are covered by a single contract administered by an employer, which generally lowers the price paid for the policy. In the case of FSGLI, the government is the employer. The alternative to group life insurance is a private policy, which gives more flexibility in benefits, duration, and the frequency of premium payments but will likely cost more.

Spouses and unmarried dependent children are covered

Family Servicemembers’ Group Life Insurance (FSGLI) is a program that provides term life insurance coverage to the spouses and unmarried dependent children of service members insured under Servicemembers' Group Life Insurance (SGLI). The service member pays the premium for spousal coverage, while dependent children are insured at no cost. FSGLI provides up to a maximum of $100,000 of insurance coverage for spouses, not exceeding the service member's SGLI amount, and $10,000 for dependent children.

The coverage provided by FSGLI is important for the financial security of the family. In the event of the service member's death, the spouse may be left without their income, and the dependent children may also lose their source of financial support. FSGLI helps to ensure that the family has the financial resources they need to maintain their standard of living and support themselves.

It is worth noting that FSGLI is only available to the spouses and unmarried dependent children of service members who are already insured by SGLI. Spouses and children of retired service members are not eligible for FSGLI. Additionally, FSGLI only provides life insurance coverage and does not cover disability or other medical and health issues.

FSGLI is only life insurance

Family Service members' Group Life Insurance (FSGLI) is a program that provides term life insurance coverage to the spouses and unmarried dependent children of service members insured under servicemembers' Group Life Insurance (SGLI). The service member pays the premium for spousal coverage, while dependent children are insured at no cost. It provides up to a maximum of $100,000 of insurance coverage for spouses, not to exceed the service member's SGLI amount, and $10,000 for dependent children. FSGLI is only life insurance; it does not cover disability or other medical and health issues.

FSGLI is a component of SGLI that allows a member of the military to provide life insurance for their spouse and children, without the worry of meeting the qualification criteria required of a civilian policy. Group life insurance means that a relatively large number of people (in this case, members of the military and their families) are covered by a single contract administered by an employer (in this case, the government), which generally lowers the price you pay for the policy. The alternative to group life insurance is a private policy, which gives you more flexibility in benefits, duration, and the frequency of premium payments but will likely cost more.

Spouses and children of retired service members are not eligible for FSGLI. However, spouses covered under FSGLI at the time of the service member's retirement may convert their coverage to an individual policy of life insurance with a commercial company, selected from the Participating Companies listing, within 120 days following the date the service member's SGLI coverage ends.

Group life insurance is a single contract that covers a group of people

Group life insurance is typically administered by an employer, who owns the policy that covers the employees. In the case of FSGLI, the government acts as the employer. Group insurance generally lowers the price paid for the policy compared to a private policy, which offers more flexibility in benefits, duration, and premium payments but is likely to be more expensive.

It is important to note that FSGLI is only life insurance and does not cover disability or other medical and health issues. Additionally, spouses and children of retired service members are not eligible for FSGLI. However, spouses covered under FSGLI at the time of the service member's retirement may convert their coverage to an individual policy with a commercial company within 120 days following the end of the service member's SGLI coverage.

FSGLI is a component of SGLI

Family Service members' Group Life Insurance (FSGLI) is a program that provides term life insurance coverage to the spouses and dependent children of service members insured under servicemembers' Group Life Insurance (SGLI). FSGLI is a component of SGLI that allows a member of the military to provide life insurance for his or her spouse and children, without the worry of meeting the qualification criteria required of a civilian policy. The service member pays the premium for spousal coverage, while dependent children are insured at no cost. It provides up to a maximum of $100,000 of insurance coverage for spouses, not to exceed the service member's SGLI amount, and $10,000 for dependent children.

FSGLI is a form of group insurance, which means that a relatively large number of people are covered by a single contract administered by an employer. In this case, the employer is the government, which lowers the price of the policy. The alternative to group life insurance is a private policy, which gives you more flexibility in benefits, duration, and the frequency of premium payments but will likely cost more.

FSGLI was established in 2001 to extend life insurance coverage to the spouses and unmarried dependent children of members of the military who are already insured by SGLI. It is important to note that FSGLI only provides life insurance coverage and does not cover disability or other medical and health issues. Spouses and children of retired service members are not eligible for FSGLI. However, spouses covered under FSGLI at the time of the service member's retirement may convert their coverage to an individual policy of life insurance with a commercial company within 120 days following the date the service member's SGLI coverage ends.

Frequently asked questions