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If both parents of a child have SGLI, who will receive the proceeds of a claim on the child?

Published 08/13/2012 09:09 AM   |    Updated 08/13/2012 10:23 AM
If both parents of a child have SGLI, who will receive the proceeds of a claim on the child?
The proceeds will be paid to the member who was eligible for coverage the longest. If you are separated or divorced, insurance for your child will be paid to the member who has custody of the child. The proceeds will be paid in a lump sum payment. The member will be given the option of receiving the lump sum payment either through the Prudential Alliance Account, check, or Electronic Funds Transfer (EFT).