Whether you’re active duty or a member of the United States Navy Reserve, all military servicemembers are eligible for Servicemembers' Group Life Insurance (SGLI). You also have the option to cover your spouse and dependents with Family Servicemembers’ Group Life Insurance (FSGLI) policies. These guaranteed acceptance group term policies offer a basic starting place for many sailors, but they are rarely enough to truly cover the needs of a Navy family because they are one-size-fits-all policies. They do not take into account you and your family members as individuals and your individual situation.
Factors such as your age, income, health history, and other personal circumstances all play a role in determining what kind of life insurance policy is right for you and how much coverage you really need. Depending on your unique situation, the government’s life insurance offerings are likely not enough for you and your family.