Troops Affected By Hurricane Can Have their Military Life Insurance Deadline Extended
First Coast News in Jacksonville, Florida reported that members of the military who were affected by Hurricanes Katrina and Rita can have additional time to change their Servicemembers’ Group Life Insurance coverage.
The Department of Defense extended the deadline from to November 30 for troops impacted by the storms. The maximum coverage increased to $400,000 in September. U.S. service members enrolled in the SGLI program were automatically increased up to that amount. Members of the armed services who want to keep the full $400,000 of coverage do not have to do anything.
However, if to decline or reduce your coverage, you will have to fill out a new SGLV 8286 form. For that form or for full information go to http://www.insurance.va.go.
For additional information on life insurance or to get instant quotes for term life insurance, return of premium life insurance or universal life insurance go to www.lifeinsure.com.
