Shorts

National Guard Bureau

WASHINGTON, May 1, 1997 –  

SGLI Premium Rates to Drop

The cost of Servicemember's Group Life Insurance will drop from 9 cents per $1,000 to 8.5 cents, beginning July 1.

Officials with DoD's compensation office said the monthly premium on a $200,000 policy will drop from $18 to $17. Fred Pang, assistant secretary of defense for force management policy, announced the reduction April 29.

Officials credit the decrease to low death rates in the U.S. military and more efficient administrative operations. (From a DoD release)