What is the maximum SGLI coverage amount?

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Study for the Navy OCS Division Officer Test. Prepare with flashcards and multiple choice questions. Each question comes with hints and explanations. Get ready to succeed on your exam!

Multiple Choice

What is the maximum SGLI coverage amount?

Explanation:
Maximum SGLI coverage for a service member is $400,000. Servicemembers' Group Life Insurance is a low-cost program that lets you elect coverage in $50,000 increments up to that cap. Premiums are deducted from your pay, and the amount you choose provides a straightforward level of protection for you and your beneficiaries. If you need more than $400,000 of protection, you’d typically look to additional private life insurance or other programs outside SGLI.

Maximum SGLI coverage for a service member is $400,000. Servicemembers' Group Life Insurance is a low-cost program that lets you elect coverage in $50,000 increments up to that cap. Premiums are deducted from your pay, and the amount you choose provides a straightforward level of protection for you and your beneficiaries. If you need more than $400,000 of protection, you’d typically look to additional private life insurance or other programs outside SGLI.

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