How do i change my sgli beneficiary
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You should review your beneficiary information at least once a year to make sure everything is current. Even though you may have the same beneficiary, they might have changed addresses. A regular beneficiary review each year will make sure you capture these changes. Certain life events such a marriage or the birth of a child or divorce should also trigger a review of your beneficiary information.
This will save your family members a lot of unnecessary grief in the future. SOES allows Servicemembers with full-time SGLI coverage to make fast and easy changes to their life insurance coverage and beneficiary information at any time without completing a paper form or making a trip to their personnel office. To access SOES, sign into www.
However, your spouse will be notified if you name a beneficiary other than your spouse. Life insurance. Options and eligibility. In this section. You may be eligible for full-time SGLI coverage if you meet at least one of these requirements. Service members. How do I get these benefits? When was the last time you looked at your SGLV form to confirm your beneficiary designations?
Servicemembers usually name their spouses as primary beneficiaries and their children as secondary beneficiaries. If you name someone other than your spouse as your primary beneficiary, or remove your spouse as a beneficiary, your spouse will be notified in writing. The most recent edition of the SGLV form August requires your agreement to the following statements: "I am free to name anyone I want as my beneficiary.
I certify that I understand if I have designated someone other than my spouse or child as my beneficiary, the person I have named is the person I intend to receive my insurance proceeds. According to Texas law, a divorce will nullify a state life insurance beneficiary designation in favor of your former spouse.
But SGLI doesn't work that way. If you fail to remove your former spouse's name from your SGLV , before or after a divorce, your former spouse will receive the proceeds when you die.
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