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14 Cards in this Set
- Front
- Back
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Under the Accelerated Benefit Option (ABO), if a member has been certified by a physician as "terminally ill", the member may receive a lump sum payment of up to?
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50% of SGLI
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Terminally ill (with regards to SGLI) is defined as?
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Having a medical prognosis of life expectancy of 9 months or less
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Who can apply for payment under ABO?
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the insured
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SGLI Beneficiary and settlement option designations should be updated in what form?
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SGLV 8286
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Members may decline coverage or request reduced coverage in any increment of?
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$10,000
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Termination of SGLI occurs on?
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the 120th day after separation from Active Duty, the end of the 31st day of a continuous period of time when the member is (a) absent without leave, (b) confined by civil authorities under a sentence adjudged by a civilian court, or (c) confined by military authorities under a court‑martial sentence involving total forfeiture of pay and allowances, or the last day of the month in which written notice to discontinue coverage is filed.
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SGLI is ______ when an insured member is guilty of mutiny, treason, spying, or desertion; or refuses, because of conscientious objections, to perform service in the Armed Forces of the United States; or refuses to wear the uniform of such forces.
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forfeited
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What is the cost of part time SGLI for every $10,000?
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$0.80
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SGLV 8286 is promptly filed behind what in the member's service record?
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NAVPERS 1070/602
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FSGLI became effective on/
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1 Nov 2001
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What is the coverage for spouses and dependent under FSGLI?
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$100,000 for spouse, $10,000 for dependents.
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What is the maximum SGLI coverage as of 1 April 2001?
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$250,000
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Members on ACDU who are entitled to full-time coverage and who have SGLI in force at time of separation from ACDU have how much time to convert to VGLI coverage?
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1 year and 120 days
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When converting from SGLI to VGLI what is required if application is not submitted within the 120-day period?
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Medical evidence of insurability
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