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Will SGLI pay out the full $400,000 even if I have other life insurance?

Published 08/13/2012 09:22 AM   |    Updated 08/13/2012 10:23 AM
Will SGLI pay out the full $400,000 even if I have other life insurance?
Yes. If you have the maximum amount of SGLI, you have the right to retain any other Government or private insurance. However, you may not have more than $400,000 (or statutory maximum) of combined SGLI and VGLI coverage.