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What kind of life insurance do U.S. soldiers receive and who pays for it?

2 Answers
Christian Worstell
Christian Worstell, Staff Writer at TZ Health Media

As Ryan mentioned, United States soldiers are provided with Servicemembers’ Group Life Insurance (SGLI). This life insurance policy can be likened to a group plan provided by companies to their employees. The employee (in this case the soldier) pays a small premium each month for the coverage.
As of 2014, an SGLI policy was good for up to $400,000 in coverage available in increments of $50,000 and includes coverage for traumatic injuries as well as death. Obtaining the full $400,000 in coverage cost $29 per month for eligible members that include:
  • Active duty members of the Army, Navy, Air Force, Marines or Coast Guard
  • Cadets or midshipmen of the U.S. military academies or those engaged in authorized training and practice cruises with the Reserve Officers Training Corps (ROTC)
  • Members of the Ready Reserve or National Guard scheduled for at least 12 periods of inactive training per year
  • Commissioned members of the National Oceanic and Atmospheric Administration (NOAA) or U.S. Public Health Service (USPHS)
  • Servicemembers who volunteer for mobilization categories in the Individual Ready Reserve
A big reason why U.S. soldiers are provided with their own life insurance is because most individual life insurance policies do not pay out benefits for war casualties. But the SGLI policy pays out benefits to beneficiaries if the policy holder is killed in action.
For more questions about life insurance, contact a licensed agent.

How did pirates keep order amongst themselves?
Ryan Lackey
Servicemembers can buy Servicemembers' Group Life Insurance (SGLI) for $3.50/mo per $50k of income.  It is a $400k policy (i.e., only an utter moron would decline it).  It is priced based on general population risk (which for 18-60 year olds in good health is pretty low), but includes war risk coverage -- the difference is subsidized by the US Government as a benefit of military service.

Many other commercial insurance policies exclude war risk.  Policies which include commercial war risk coverage are vastly more expensive.

I personally have a war risk policy and a kidnap & ransom (K&R) policy on top 

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