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Transcript: VA REDUCES SGLI PREMIUMS FOR MILITARY AND FAMILY COVERAGE
- Article from:
- Regulatory Intelligence Data
- Article date:
- April 10, 2003
- Author:
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INDSTRY GROUP 91
Regulatory Intelligence Data
04-10-2003
WASHINGTON, April 10, 2003- The Department of Veterans Affairs has
announced that premiums for the Service members Group Life Insurance will
be reduced, handing military members a few extra dollars in their pockets
each month.
Beginning in July, the cost for a $250,000 policy - the maximum
coverage -- will drop from $20 to $16.25 monthly, a $3.75 savings. The
Department of Veterans Affairs reports that rates for Veterans Group Life
Insurance will not change.
Tom Tower, DoD's assistant director for military compensation,
welcomed the reduced premiums, adding that anytime you put "more money
in the pockets of military members, it's ...