I heard from a friend that there is a cheap life insurance is available for people who are serving the military force in the state of Arizona. Is this correct? I’d like to know more about that kind of insurance and who could avail it. Currently, I have a boyfriend who is considering of joining the US military service. I know it’s a noble job but it’s very dangerous. Can you help me?

Winona

Phoenix, AZ

I do understand where you’re coming from Winona. Being in the military service is considered as one of the hazardous jobs and in general this kind of work often means higher life insurance premiums.

But you don’t have to worry because you heard it right. There is cheap life insurance that is available automatically to people serving the military service. This includes service members who are: in active duty; those who are in training (regardless if they in active duty or not); and Reserves member.

This cheap life insurance program is called Servicemembers’ Group Life Insurance (SGLI). If your boyfriend joins the military personnel, said life insurance is activated automatically with the present maximum coverage amounting to $250,000. However, if your boyfriend chose no to have it, he can also do that through writing. He can also opt to choose a cheaper coverage or chose not to have any coverage at all through completion of the VA Form SGLV-8286.

This life term insurance is only available for wife and children of the military serviceman. For more information about getting cheap life insurance you can contact the Arizona Department of Insurance.