SGLI Can SGLI Benefits Be Assigned to Another Person?
Published 08/10/2012 04:06 PM |
Updated 12/19/2012 03:14 PM
Can SGLI Benefits Be Assigned to Another Person?
Under the law, a beneficiary is not permitted to assign or transfer SGLI proceeds to any other person or entity. In addition, payments of SGLI benefits are not subject to claims of creditors of the insured or creditors of the beneficiary.