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My Coast Guard
Commentary | April 29, 2020

Life insurance premiums going down

Members' life insurance coverage is getting cheaper. Monthly premiums will decrease starting July 1, and the change does not require any action by Coast Guard members.

  • Starting July 1, members' life insurance premiums will decrease.
  • Commanding officers and officers-in-charge should ensure that all of their Active and Reserve Component crewmembers are aware of the SGLI/FSGLI plans available to them.

Servicemembers Group Life Insurance (SGLI) and Family Service members Group Life Insurance (FSGLI) are extremely valuable benefits for active duty and drilling Reserve members. Low-cost life insurance for members and their spouses and children, along with the Survivor Benefit Plan and death gratuity, provide financial security for surviving loved ones should tragedy overtake their families. These premium reductions make these great life insurance programs even better benefits than they currently are.

Maximum SGLI and FSGLI coverage levels remain at 400,000 United States Dollars (USD) and 100,000 USD, respectively.

SGLI coverage may be purchased in increments of 50,000 USD by eligible members of the Coast Guard and Coast Guard Reserve.

Beginning 1 July 2019, the monthly SGLI premium paid by a member will be 6 cents per $1,000 of coverage, a decrease from 7 cents per $1,000 of coverage. Maximum coverage will cost $24.00 per month, a decrease of 4.00 USD from the previous monthly rate. An additional $1.00 is charged each month for traumatic injury coverage. Coverage tables are available in ALCOAST 193/12.

MORE INFORMATION: See ALCOAST 193/12 or email questions to