NAVPERS 15560, Part 7, NAV MIL PERS MAN Flashcards
(54 cards)
Each member serving on Active Duty (ACDU), performing Active Duty for Training (ACDUTRA), or
performing inactive duty training is automatically insured to what amount under SGLI, unless otherwise reduced by the member?
$250,000
Members of the Selected Reserve, and those assigned to a non-pay unit scheduled to perform at least how many drills annually, are covered on a full-time basis for SGLI?
12
Members assigned to, and who upon application would be eligible for assignment to, the Retired
Reserve, who have not reached what birthday, but who have completed at least 20 years of satisfactory service creditable for Reserve retired pay, are eligible for coverage under the Veterans’ Group Life
Insurance (VGLI) program?
61st
If the SGLI/VGLI insured member has been certified by a physician as “terminally ill”, member may elect under SGLI or VGLI the what?
ABO
The member may receive a lump sum payment of up to what percent of the SGLI or VGLI coverage
under the ABO?
50%
Terminally ill is defined as having a medical prognosis of a life expectancy of how many months or less?
9
By electing the ABO benefit, the total amount of SGLI/VGLI benefits otherwise payable at death will be reduced by the amount paid by what as a reduced benefit?
OSGLI
Beneficiary and settlement option designations should be updated whenever what is completed?
SGLV 8286
Members may decline SGLI/VGLI coverage or request reduced coverage in any increment of what
amount by completing, in their own handwriting, SGLV 8286?
$10,000
When members request reduction or cancellation of SGLI, they shall be counseled as to the effect of their action and an appropriate entry shall be made on what of their service record?
NAVPERS 1070/613
Termination of SGLI occurs on what day after separation from ACDU or ACDUTRA under calls, or
orders that specify a period of 31 days or more unless the member returns to an active status in the Naval
Reserve?
120th
A member has how long to apply for VGLI coverage?
1 year and 120 days
Members who are totally disabled at the time of separation may purchase VGLI while remaining totally disabled up to how long following separation?
1 year
The member may request the SGLI/VGLI insurance be paid to the beneficiary in a lump sum or in how
many equal monthly installments?
36
SGLI designation of beneficiary(ies) will be reviewed and verified according to what for officers and enlisted members?
MILPERSMAN 1070-200
Family coverage under the SGLI program was created by what reference and became effective on 1
November 2001?
P.L. 107-14
Dependent children of members participating in SGLI are automatically covered for what amount?
$10,000
Spouses are covered for what amount of family coverage under the SGLI program, which may be
reduced or declined entirely by the member?
$100,000
What should be used to request family coverage any time after the member’s election?
SGLV 8285A
Veterans’ Group Life Insurance is a how many-year renewable term policy which has no cash, loan,
paid-up, or extended values?
5
Effective 1 January what year, individuals in the IRR are entitled to VGLI coverage?
1986
Service Disabled Veterans Insurance (SDVI) (policy numbers prefixed with what) is the only NSLI
program of insurance currently open to new issues?
RH
NSLI policies basically provide for the waiver of premiums in the event the insured becomes totally
disabled for 6 consecutive months prior to attaining what age?
65
NSLI policy while in force under premium-paying conditions, may be converted to a policy of the same or a lesser amount, in multiples of $500, minimum of what amount?
$1,000
