What is the maximum SGLI coverage amount?

What is the maximum SGLI coverage amount?

• A. $800,000
• B. $600,000
• C. $400,000
• D. $100,000

Answer: (C)

Maximum SGLI coverage for a service member is $400,000. Servicemembers' Group Life Insurance is a low-cost program that lets you elect coverage in $50,000 increments up to that cap. Premiums are deducted from your pay, and the amount you choose provides a straightforward level of protection for you and your beneficiaries. If you need more than $400,000 of protection, you’d typically look to additional private life insurance or other programs outside SGLI.

Maximum SGLI coverage for a service member is $400,000. Servicemembers' Group Life Insurance is a low-cost program that lets you elect coverage in $50,000 increments up to that cap. Premiums are deducted from your pay, and the amount you choose provides a straightforward level of protection for you and your beneficiaries. If you need more than $400,000 of protection, you’d typically look to additional private life insurance or other programs outside SGLI.