Life Insurance will bring you and your family peace of mind when the unthinkable situation happens—death or traumatic injury that leads to disability. In the event of the service member’s death or severe disability, life insurance will provide a financial safety net for you and your family.
Airman must be in active duty or AF ROTC cadet in authorized training and practice locations.
The life insurance coverage is called Servicemembers’ Group Life Insurance (SGLI). This is automatically issued to the active airmen. The maximum coverage of SGLI is $400,000 with a monthly premium at $29. However, you may select a lower coverage available in $50,000 increments (with lower monthly premium). Service members have the right to elect beneficiary(ies) and make changes to the coverage at their leisure.
Upon leaving or being discharged from the Air Force, active duty service member can still receive 120 days of SGLI coverage for free. If the service member is completely disabled at the moment of leaving, he/she can apply for an extension up to two years in addition to the 120 days of free coverage. Click here for the SGLI Disability Extension form.
Below are the SGLI extension qualified disabilities:
Permanent loss of use of both hands
Permanent loss of use of both feet
Permanent loss of use of both eyes
Permanent loss of use of one hand and one foot
Permanent loss of use of one foot and one eye
Permanent loss of use of one hand and one eye
Total loss of hearing in both ears
Organic loss of speech (lost ability to express oneself, both by voice and whisper, through normal organs for speech – being able to speak with an artificial appliance is disregarded in determination of total disability)