Delta optional Life Insurance vs. SGLI
11-26-2014, 04:50 AM
#11
Gets Weekends Off
Joined APC: Sep 2014
Posts: 4,909
Originally Posted by sailingfun
Do not give up your SGLI. The other policies will always have exclusions including combat death clauses, private or military flying, scuba as a small example. If something happens to you in the first two years of taking out a policy expect your family to have to battle to get paid. My son in law was talked into dropping his VGLI and picking up insurance with Armed Forces benefit association because it was cheaper. Despite assurances it was a rollover from SGLI they have refused to pay. It's now 3 years since his death and my daughter and granddaughter face at least another year of expensive litigation to get paid.
I wouldn't say I have ever talked anyone into dropping SGLI, but I have certainly recommended AAFMAA a lot since the prices are good, there are no war/aviation clauses, and you can take it with you when you leave the service. I wouldn't mind hearing more details about your experience (if you are willing) to make sure I have the total picture and don't lead my family or anyone else in a bad direction.
11-26-2014, 08:51 AM
#13
Gets Weekends Off
Thread Starter
Joined APC: Dec 2013
Position: 73N FO
Posts: 179
Gents,
All great responses, thank you. I think there is a clear case to keep things diversified to include SGLI, even though its expensive.
Sailingfun, I am really sorry to hear about your daughter's situation, and I hope it gets resolved soon.
All great responses, thank you. I think there is a clear case to keep things diversified to include SGLI, even though its expensive.
Sailingfun, I am really sorry to hear about your daughter's situation, and I hope it gets resolved soon.
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