Published 08/10/2012 03:56 PM |
Updated 12/19/2012 03:14 PM
What Does SGLI Provide?
SGLI provides group term life insurance. When you die, money will be paid to the person (persons) you designate to receive the insurance. The beneficiary can use this money to pay expenses related to your death or invest the money to help replace your salary. Since SGLI is term insurance, it does not have cash or loan values and it does not pay dividends.