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Article: VA ANNOUNCES SERVICEMEMBERS' GROUP LIFE INSURANCE, VETERANS' GROUP LIFE INSURANCE PREMIUM REDUCTIONS
- Article from:
- US Fed News Service, Including US State News
- Article date:
- April 7, 2008
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The U.S. Department of Veterans Affairs issued the following news release:
Veterans and military personnel with life insurance policies managed by the Department of Veterans Affairs (VA) will see a reduction in their premiums, thanks to improved investment earnings and a reduction in non-combat claims.
The premium cuts affect military personnel covered by Servicemembers' Group Life Insurance (SGLI) and veterans covered by the Veterans' Group Life Insurance (VGLI).
"The reduction in SGLI premiums makes life insurance even more affordable for today's men and women in uniform," said Secretary of Veterans Affairs Dr. James B. Peake. "Lower VGLI premiums will allow more veterans to provide this ...