Army Insurance

As a member of the Army, having insurance is essential to protect yourself and your loved ones from financial hardship in the event of an unexpected incident. In this article, we will explore the different types of insurance available to Army personnel and their families, as well as the benefits and features of each policy.

Types of Army Insurance

There are several types of insurance available to Army personnel and their families, including:

Life Insurance

Life insurance is a form of protection that provides financial support to your family in the event of your death. As a member of the Army, you have access to several different types of life insurance policies, including:

Service Members’ Group Life Insurance

Service Members’ Group Life Insurance (SGLI) is a low-cost term life insurance policy that covers active-duty members of the Army. SGLI provides coverage up to $400,000, and the premium is deducted directly from your pay. You can also elect to add coverage for your spouse and children.

Veterans’ Group Life Insurance

Veterans’ Group Life Insurance (VGLI) is a renewable term life insurance policy available to members of the Army who are transitioning to civilian life. VGLI provides coverage up to the amount of your SGLI coverage, and the premium is based on your age and the amount of coverage you select.

Family Servicemembers’ Group Life Insurance

Family Servicemembers’ Group Life Insurance (FSGLI) is a term life insurance policy available to spouses and dependent children of members of the Army. FSGLI provides coverage up to $100,000 for spouses and $10,000 for dependent children.

Disability Insurance

Disability insurance provides protection in the event you become disabled and are unable to work. As a member of the Army, you have access to several different types of disability insurance policies, including:

Servicemembers’ Group Disability Insurance

Servicemembers’ Group Disability Insurance (SGLI) provides coverage in the event you become disabled due to a service-connected injury or illness. SGLI provides coverage up to $100,000, and the premium is deducted directly from your pay.

Disability Extension of SGLI

Disability Extension of SGLI provides coverage in the event you become totally disabled within 120 days of your separation from the Army. You must have had coverage under SGLI for at least one day during the 120-day period prior to separation to be eligible for this coverage.

Disability Income Insurance

Disability Income Insurance provides protection in the event you become disabled and are unable to work. This policy provides a monthly income that can help you pay your bills and maintain your standard of living.

Health Insurance

Health insurance is essential for covering the cost of medical treatment, including hospital stays, doctor visits, and prescription medications. As a member of the Army, you have access to several different types of health insurance policies, including:

TRICARE

TRICARE is the health insurance program for members of the military and their families. TRICARE provides coverage for medical and dental treatment, as well as prescription medications. There are several different plans available, including TRICARE Prime, TRICARE Select, and TRICARE for Life.

TRICARE Reserve Select

TRICARE Reserve Select is a health insurance program for members of the Army Reserve and National Guard, as well as their families. TRICARE Reserve Select provides comprehensive coverage at an affordable price.

Dental Insurance

Dental insurance is essential for covering the cost of routine check-ups, fillings, and extractions. As a member of the Army, you have access to several different types of dental insurance policies, including:

TRICARE Dental Program

The TRICARE Dental Program provides affordable dental coverage for members of the military and their families. The program covers routine check-ups, fillings, and extractions, as well as more complex procedures like root canals and crowns.

Automobile Insurance

Automobile insurance is essential for covering the cost of damages and injuries sustained in a car accident. As a member of the Army, you have access to several different types of automobile insurance policies, including:

USAA Automobile Insurance

USAA Automobile Insurance is available to members of the military and their families. The policy provides comprehensive coverage at an affordable price, including collision and liability coverage.

FAQ

What is the cost of Army insurance?

The cost of Army insurance varies depending on the type of policy and the amount of coverage you select. Some policies, like SGLI and TRICARE, are provided at a low cost or no cost to members of the Army.

Am I eligible for Army insurance?

If you are an active-duty member of the Army or a member of the Army Reserve or National Guard, you are likely eligible for Army insurance. Your eligibility may vary depending on your duty status and length of service.

Can I add my family members to my Army insurance policy?

Yes, many Army insurance policies allow you to add your spouse and dependent children to your policy for additional coverage.

What happens if I become disabled while serving in the Army?

If you become disabled while serving in the Army, you may be eligible for disability insurance coverage through SGLI or another policy. You may also be eligible for disability benefits through the Department of Veterans Affairs.

What happens if I die while serving in the Army?

If you die while serving in the Army, your family may be eligible for life insurance benefits through SGLI or another policy. Your family may also be eligible for survivor benefits through the Department of Veterans Affairs.

Overall, having insurance as a member of the Army is essential for protecting yourself and your loved ones from financial hardship in the event of an unexpected incident. Take the time to explore the different types of insurance available to you and select the policies that best meet your needs and budget.