Posted on May 3, 2019
SPC Information Technology Specialist
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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
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Responses: 8
SSG Platoon Sergeant
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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
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SSG Platoon Sergeant
SSG (Join to see)
>1 y
Additionally, it was all I carried during my reserve years
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SFC Retention Operations Nco
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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
LtCol Robert Quinter
>1 y
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 Information Technology Specialist
SPC (Join to see)
>1 y
LtCol Robert Quinter well term is A LOT cheaper compare to whole life even if bought early
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LtCol Robert Quinter
LtCol Robert Quinter
>1 y
SPC (Join to see) - Absolutely, each individual needs to determine what is best for them.
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SFC Officer/Warrant Officer Accessions Nco
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I carry term life for an additional 1M, but I also have 4 kids and a husband
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LTC Stephen C.
LTC Stephen C.
>1 y
Excellent planning, SFC (Join to see).
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SPC Information Technology Specialist
SPC (Join to see)
>1 y
Is it through usaa/NF or civilian bank?
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SPC Information Technology Specialist
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SPC Information Technology Specialist
SPC (Join to see)
>1 y
Did y’all went with civilian ones with the war exculsation clause lol
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