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VA Announces SGLI and VGLI Premium Reductions
Date:4/7/2008

itive with similar insurance offered by commercial insurers.

"With servicemembers putting their lives at risk against terrorism, life insurance coverage is more important than ever," added Peake.

Peake said the premium reductions should result in increased program participation and retention. With increased enrollment, the department may be able to reduce rates in the future.

More than 2.4 million people currently participate in the VA-managed SGLI program, with another 433,000 in VGLI.

To obtain more information about the SGLI and VGLI premium reductions or to view a table with the new VGLI rates, visit the VA insurance Web site at http://www.insurance.va.gov, or call the Office of Servicemembers' Group Life Insurance at 1-800-419-1473.


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SOURCE U.S. Department of Veterans Affairs
Copyright©2008 PR Newswire.
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