To: dts32041
ohhhhh well you could say we get millions if we pay for it...but Uncle Sam is not ponying up for any $200K
9 posted on
04/10/2003 12:23:54 PM PDT by
kellynla
( "C" 1/5 1st Mar Div '69 & '70 An Hoa, Viet Nam Semper Fi)
To: kellynla
I think what DTS 32041 is referring to is called Serviceman's Group Life Insurance. When we were in Vietnam (3rd Bn, 26th Marines 68-69), I think the payout amount was $25K (?) and they deducted $2.00(?)/month from our pay for it. Remember those forms you had to fill out for your SRB that designated your next of kin? One of them was for SGLI. Over the years the payout amount and the monthly deductible have increased.
Given the harzardous nature of a grunt's life, it's about the only insurance a Marine - or most other servicemembers -can get that will provide a benefit if you are killed in combat. Most commercial insurance has what they call "war clauses" that specifically exclude pay out for a war-related death (among other things).
Semper Fi!
11 posted on
04/10/2003 2:45:19 PM PDT by
Captain Rhino
(- If you will just abandon logic, these things will make alot more sense to you!)
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