U. S. Coast Guard Pay & Personnel Center
2019 Novel Coronavirus (COVID-19)
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Commanding Officer (Staff Symbol)
U.S. Coast Guard
Pay & Personnel Center
444 S. E. Quincy St.
Topeka, KS 66683-3591
According to the U. S. Department of Veterans Affairs some Personnel Officers are advising Servicemembers to cancel their Servicemembers' Group Life Insurance (SGLI) coverage months or weeks, before their separation date in order to save on premium payments.
This is not good advice. It is imperative that all Personnel Officers and Servicemembers be aware that cancelling SGLI prior to their separation date carries several negative consequences that far outweigh any short-term cost savings.
For example, if a Servicemember cancels SGLI prior to separation from service, then that member:
Personnel Officers should advise any member who may be considering cancelling their SGLI coverage about the negative consequences listed above.