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Published 08/13/2012 08:21 AM |
Updated 08/13/2012 10:23 AM
Can SGLI Benefits Be Assigned to Another Person?
Under the law, a beneficiary is not permitted to assign or transfer SGLI proceeds to any other person or entity. In addition, payments of SGLI benefits are not subject to claims of creditors of the insured or creditors of the beneficiary.