Armed Forces News

Service members and their families will pay less for Servicemembers Group Life Insurance (SGLI) and Family SGLI. The Department of Veterans Affairs announced that monthly premiums would drop to 6 cents for each $1,000 of coverage — down from the present 6 cents. The decrease will amount to $4 per month, and affect 2.1 million active-duty service members — one million of whom also have coverage for the spouses. The amount premiums for spouses are dropping will vary from 10 percent to 32 percent, depending upon each spouse’s age and amount of coverage.