Navigation
Download the AMN app for your mobile device today - FREE!

Managing your life insurance elections online

October 03, 2018

This report originally published at allhands.coastguard.dodlive.mil.

0 Shares

Written by Capt. Michael Spolidoro

Recognizing the need to automate Servicemembers’ Group Life Insurance (SGLI) elections and eliminate the current paper-based system, the Department of Veterans Affairs and the Department of Defense embarked on a project to build a system capable of allowing members to electronically manage life insurance coverage. Known as the SGLI Online Enrollment System (SOES), the web-based application incorporates the functionality of the form SGLV 8286 (SGLI election and certificate) and form SGLV 8286A (spouse coverage election and certificate). The Coast Guard joins the Army, Navy, Air Force, ad Marine Corps in using the new system.

ADVERTISEMENT

All Coast Guard active duty and reserve members with full-time coverage must electronically validate their life insurance elections in SOES during the implementation period between Oct 1, 2018, and Mar. 31, 2019. Members access the SOES by signing into Milconnect with a common access card (CAC) and clicking on Life Insurance (SOES – SGLI Online Enrollment System) under the Benefits tab. The Coast Guard uploaded current life insurance elections into the SOES prior to the launch on Oct. 1. Once certified, the SOES election will be considered the authoritative record for life insurance.

SOES allows members with full-time SGLI coverage to make changes to their life insurance coverage and beneficiary information at any time without having to complete a paper form or make a trip to the personnel office. SOES will generate annual emails to covered members reminding them to review their life insurance elections.

SGLI provides automatic life insurance coverage of $400,000 to members upon entering active duty. Members with SGLI also generally get automatic traumatic injury protection (TSGLI) and automatic coverage for their dependent children and spouses (unless the spouse is insured under SGLI as a service member) under the Family SGLI program. Service members can use the SOES to make all updates to their SGLI and beneficiary coverage.

ALCOAST 334/18 provides additional details on the SOES implementation. Two infographics are available on the Pay and Personnel Center website to help commands explain the transition to SOES. The Veterans Administration also deployed a training module to assist members in navigating the SOES application.

Comments

comments

Tags: , , , , ,

ADVERTISEMENT
0 Shares

U.S. Coast Guard (USCG) reports are created independently of American Military News (AMN) and are distributed by AMN in accordance with applicable guidelines and copyright guidance. Use of USCG and U.S. Department of Defense (DOD) reports do not imply endorsement of AMN. AMN is a privately owned media company and has no affiliation with USCG and the DOD.