At what point should a servicemember evaluate their standing for the Servicemember's Group Life Insurance?

Evaluating standing for the Servicemember's Group Life Insurance (SGLI) annually and upon any changes is essential for several reasons. Regular evaluations ensure that servicemembers maintain adequate coverage that aligns with their current circumstances, including changes in personal life such as marriage, divorce, parenthood, or the death of a beneficiary.

Annual reviews also provide an opportunity to assess whether the current insurance amount is sufficient or if there needs to be a change based on financial obligations or dependents' needs. This proactive approach helps ensure that families are protected in the event of a servicemember's passing and that benefits are allocated according to updated needs and priorities.

By regularly reviewing their SGLI status, servicemembers can also stay informed about any changes to policy provisions or premiums that may affect their insurance.