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Survivor Benefits
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Summary - 14214_341
SERVICEMEN’S GROUP LIFE INSURoANCE Each   member    serving     on  active    duty,    performing annual    training, or  performing     inactive     duty    training is eligible    to  be  insured    under   the   SGLI   up  to  a  maximum of  $200,000  while    he/she  is  on  active   duty,   and   120 days after    separation. The   cost  of  SGLI    for   the   maximum coverage,   for   eligible     members,   is  $18.00   per  month,    as reflected    on  the   leave   and   earnings    statement. Refer   to  part    7,  chapter    4,  of  the   of  the   Department of     Defense Financial Management Regulation (DODFMR) Military Pay,     Policy, and Procedures, Volume    7, part   A,  DOD   7000.14-R,    and   article    6230120 of    the MILPERSMAN for additional information concerning SGLI. VETERANS GROUP LIFE INSURANCE The   VGLI was   created    by   Public     Law    93-289    and became   effective on   1 August 1974.   VGLI     is   a  &year nonrenewable term policy that has    no    cash,    loan, paid-up,     or   extended    values. Members on    active duty who are     entitled to full-time coverage   and   who   have    SGLI    in   force   at   the time of   separation or   release from     active duty are automatically eligible    for  VGLI    in   the   same  amounts   as the    SGLI     held    at   the    time     of   separation or   release. Application and   payment    of  the   first    premium     must   be made  within 120  days  of  separation and   should   be  sent to   tile     Office     of   Servicemen’s Group Life    Insurance (OSGLI),    213  Washington Street,    Newark,     NJ   07102. The     DVA     receives a   copy    of   the     Certificate of Release   or  Discharge from   Active    Duty,     DD   Form    214 on    personnel. who are    released from active duty, discharged,   retired,    and  transferred     to  the  Fleet  Reserve. They automatically send    the separatee a   booklet explaining the   VGLI and   an   Application for   Veterans Group Life Insurance, SGLV-8714, within approximately 30  to  40  days  after    separation. If    application is   not   made   within 120  day   period, application may  be  made  within 1 year   after   separation provided evidence of    good health is supplied. Remember,    automatic coverage   under    SGLI    expires    on the   120th  day  after   separation    and  you  should   make  sure that    all   members   separating     are  aware   of  this    coverage expiration. Refer   to  Article 6230120   of  the   MILPERSMAN for additional information concerning VGLI. DEPENDENCY AND     INDEMNITY COMPENSATION Dependency and    Indemnity Compensation (DIC) provides    partial compensation     to   surviving dependents for  the   loss  of  financial support    sustained     as  a  result    of the veteran’s service-connected death. Eligible denendents    are  listed    as  follows: .L 1. 2. 3. Widow. or    widower, who must have been married     for   1 year   or  more   or  for   any   period    of time if     a   child was     born of    or    before the marriage. Children     under   the   age  of  18,  and  in   some cases (attending DVA   approved    schools)  up   to   age  23. Parents,    according    to  their    income. To    determine eligibility criteria, refer to    the following sources: Retention     Team  Manual, which    your    command’s career   counselor    (CCC)   should    have. The Federal Benefits for Veterans and Dependents, Pamphlet 80-93-1,     which can   be ordered   through     the   normal    supply    system. Summary of   Department of   Veterans     Affairs Benefits, VA    Pamphlet 27-82-2,     which can   be obtained from the regional Department of Veterans    Affairs     Office. SOCIAL SECURITY Title    IV   of  the   Servicemen’s  and  Veterans’  Survivor Benefit     Act,   Public    Law    881,   84th    Congress,    provides wage   credits    for   active    military service    toward Social Security    benefits.    Under    this   Act,   on  or  after    1 January 1957,  all   members   of  the  Armed    Services   of  the   United States  performing    active   duty,   annual    training, including Midshipmen at    the     Naval Academy and     NROTC Midshipmen and   Contract     Students    during     such   period when     they    are   ordered     to   annual training (summer cruises), come    under the contributory coverage provisions of  the   Social   Security System. Retired members are entitled to     both full retired/retainer pay   and   the   full    social   security    pension they    have    earned     under this     Act.    However, retired military members   who    combine    their military service with civil service to     qualify for a    Civil Service retirement     will    lose a portion    of their    military retirement . PaYe 13-30

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