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Servicemembers' Group Life Insurance (SGLI) is a life insurance program available to all active duty and reserve members of the uniformed services of the United States. Supervised by the United States Department of Veterans Affairs , the program is administered by the Prudential Insurance Company of America.
FEGLI offers four levels of coverage: Basic and three Options (A, B, and C). In order to enroll in any Option, the employee must be enrolled in Basic.. Basic--the amount of coverage ("Basic Insurance Amount" or BIA) equals the employee's salary (rounded up to the next $1,000) plus an additional $2,000 (e.g. an employee making $97,500 would have $100,000 of coverage: $97,500 rounded up to ...
An officer's OQR contains, at a minimum, his NAVMC 763 (Appointment Acceptance) (essentially the officer version of a contract), NAVMC 118(3) (Chronological Record), NAVMC 118(11) (Administrative Remarks), Record of Emergency Data (RED), and Servicemembers Group Life Insurance (SGLI) Beneficiary Election Form.
Individual taxable brokerage accounts. Your individual taxable investment account belongs only to you. That’s why adding a beneficiary to your individual account is the fastest way to transfer ...
A money market fund (MMF) is a mutual fund that pools money from many investors to buy safe short-term investments like government bonds and high-quality corporate loans. Money market funds aim to ...
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Servicemembers' Group Life Insurance (SGLI) (if the member is a participant) Montgomery GI Bill deduction for the first year (if the member is a participant) The service retirement center; Thrift Savings Plan (TSP) (if the member is a participant) Mid month pay
In California, for example, you can continue to file the recertification paperwork within 30 days of when your certification period expires. However, your benefits are likely to be interrupted in ...