|
SGLI
Premium Rates
| The
current basic SGLI premium rate is 6.5 cents per $1000 of insurance. |
| The current rate went into effect on July
1, 2008. |
Effective July 1, 2008, the SGLI premium rate decreased from the previous level of 7 cents per month per $1,000 of coverage to 6.5 cents per month per $1,000 of coverage. This decreased the premium rate for a service member with the maximum coverage of $400,000 from $29.00 to $27.00 a month. (The premium
includes an additional $1.00 per month for Traumatic Injury Protection
coverage (TSGLI), which is mandatory and added automatically.) Follow this link to read more about the premium rate decrease.
The tables below gives both the old and new SGLI premium rates at all
coverage levels.
| 50,000 |
$3.50 |
$1.00 |
$4.50 |
| 100,000 |
$7.00 |
$1.00 |
$8.00 |
| 150,000 |
$10.50 |
$1.00 |
$11.50 |
| 200,000 |
$14.00 |
$1.00 |
$15.00 |
| 250,000 |
$17.50 |
$1.00 |
$18.50 |
| 300,000 |
$21.00 |
$1.00 |
$22.00 |
| 350,000 |
$24.50 |
$1.00 |
$25.50 |
| 400,000 |
$28.00 |
$1.00 |
$29.00 |
|
| 50,000 |
$3.25 |
$1.00 |
$4.25 |
| 100,000 |
$6.50 |
$1.00 |
$7.50 |
| 150,000 |
$9.75 |
$1.00 |
$10.75 |
| 200,000 |
$13.00 |
$1.00 |
$14.00 |
| 250,000 |
$16.25 |
$1.00 |
$17.25 |
| 300,000 |
$19.50 |
$1.00 |
$20.50 |
| 350,000 |
$22.75 |
$1.00 |
$23.75 |
| 400,000 |
$26.00 |
$1.00 |
$27.00 |
|
|
