Originally Posted by
Jetnfast
Hey all,
I am a NH and future USAF Reservist (once off Terminal from AD) and taking care of the open enrollment for benefits. I am contemplating the "optional life insurance" above the normal $676,000 provided. SGLI covers $400,000 at $29 a month. From what I can tell the optional Delta Life Insurance pays out much better. A policy that costs $29/month is upwards of $1M+ in addition to the "free" $676,000 coverage. Overall, the combination of the included free coverage plus the optional life insurance policy seems like a better deal than included life insurance policy plus the $400,000 worth of SGLI for $29/month.
One thing I am unclear on is Delta's policy with Military involvement Lets say something were to happen while on orders, would the Delta insurance pay out regardless? How about if it was an SGLI payout due to an off duty or Delta accident? Would that be a case to keep the SGLI? Any Delta/Mil guys think this through?
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.