Posted on May 3, 2019
Should Reservists carry their own life insurance?
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Should reservists carry their own life insurance? I understand SGLI is more for traumatic injury but since reservists spend more time as civilian and if something happen from civilian injury or accident...should we purchase our own commercial life insurance? Both of us covered under SGLI by the army
Army Reserve Elements
Benefits
SGLI
Insurance
Spouse
Posted 5 y ago
Responses: 9
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Sgli is servicemembers group life insurance. Has nothing to do with traumatic injury. Even as a reservist you are covered full time so long as you are under a satisfactory drilling status. https://www.benefits.va.gov/insurance/sgli.asp
Servicemembers' Group Life Insurance (SGLI) - Life Insurance
Low cost group life insurance provided by VA to Servicemembers
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When I was younger (like, your age) I carried SGLI and term life insurance for an additional half million. When you're in your 20s it's dirt cheap and highly recommended. In your 30s it gets more expensive and less necessary.
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LtCol Robert Quinter
Don't know if it is less necessary, but a whole life policy bought in your 20s isa lot less expensive, and available, than a similiar policy bought when you are 50 and off military service.
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SPC (Join to see)
LtCol Robert Quinter well term is A LOT cheaper compare to whole life even if bought early
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LtCol Robert Quinter
SPC (Join to see) - Absolutely, each individual needs to determine what is best for them.
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