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Washington, DC The Department of Veterans Affairs (VA) will reduce Servicemembers Group Life Insurance (SGLI) premiums, beginning in July, 2003. Ninety-eight percent of active duty and 96 percent of eligible reservists hold SGLI policies.
The new monthly rate will be 6.5 cents for every $1,000 of coverage, about 19 percent less than the current 8 cents. Monthly premiums for the maximum coverage of $250,000 will fall to $16.25 from the current $20.
In addition to the basic SGLI, family coverage is available for spouses and children of servicemembers holding SGLI policies. Spouses pay age-based premiums for up to $100,000 coverage, while children receive $10,000 of free coverage. The reduction for spousal policies will vary among age groups, with the largest decline 42 percent affecting those 35 to 39.
The reductions do not affect Veterans Group Life Insurance (VGLI) rates, which VA reduced three times in the last four years. Servicemembers become eligible for VGLI only after they leave the military.
For more information about VA administered life insurance programs, call 1-800-419-1473 or visit www.insurance.va.gov/ on the web.
SSG Richard A. Christianson, Jr., 3rd Battalion, 166th Regiment of RR 3, Susquehanna, PA, an instructor at the Fort Indiantown Gap Training Center, Pennsylvania National Guard, has won the consolidated State Area Command (STARC) AGR NCO of the Year Board.
This recognition awarded him the privilege to represent the State Area Command at the State Level Competition on Sunday, February 9, 2003.
Richard is the son of Mr. and Mrs. Richard A. Christianson, Sr., Susquehanna.
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