For those military members covered by Service Members Group Life Insurance (SGLI), a $2.00 premium increase begins today, 1 July 2014. The table below, from the VA website, details what you can expect will be deducted from your pay. Remember to check your Leave and Earnings Statement (LES) to be certain all current changes have taken effect.
SGLI Premium Rates Effective July 1 , 2014
| Coverage Amount | Monthly premium rate | TSGLI Premium | Total Monthly Premium Deduction |
|---|---|---|---|
| $400,000 | $28.00 | $1.00 | $29.00 |
| $350,000 | $24.50 | $1.00 | $25.50 |
| $300,000 | $21.00 | $1.00 | $22.00 |
| $250,000 | $17.50 | $1.00 | $18.50 |
| $200,000 | $14.00 | $1.00 | $15.00 |
| $150,000 | $10.50 | $1.00 | $11.50 |
| $100,000 | $7.00 | $1.00 | $8.00 |
| $50,000 | $3.50 | $1.00 | $4.50 |