Duty to Country. Duty to Family.
Choose from these Competitive Group Life Insurance Plans
We've all felt it—the deep conviction that we owe something back to our country.
"Your letter dated December 4, 2008 was so very kind. I appreciate your expression of sympathy more than you can know. As you can well imagine this has been very difficult. This money is like a gift from Bill. I found out about it on my birthday and it was so amazing, it was like having him call and say, I'm sorry for everything, I hope this helps you and our children have a better life."
Member MBA Spouse
And we've all proved strong enough to act on that conviction. We have answered that call of duty, no matter what the cost.
From the start, all of us at MBA have heard another call of duty that's just as powerful: to protect the families that depend on us.
The difference is that protecting the country is a team job. Protecting your family might be your responsibility alone.
One of these MBA-sponsored plans will do the job for you. One of our customer service team members will gladly help you make the right choice.
MBA Term 90 vs SGLI/VGLI
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MBA Term 90 |
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SGLI/VGLI |
| Competitive with SGLI, less expensive than VGLI | Premium | SGLI competitive with MBA Term 90; VGLI more expensive than Term 90 |
| Spouse coverage up to $250,000 | Spouse | Limits spouse coverage to $100,000, not to exceed the memberÃs coverage |
| No additional cost up to $12,500 and additional child coverage is available | Children | $10,000 limit on child coverage |
| Coverage is portable with no further underwriting or increase in premium due to separation or retirement | After service | VGLI premiums substantially higher than MBA Term 90 at all ages and coverage levels for non-smokers |
| MBA spouses can become members in their own right, protecting coverage for the family in the event the sponsoring service member terminates membership, for whatever reason | Member quits or dies | Family SGLI (and family coverage) terminates when the service member and spouse are permanently separated for any reason |
| Several options, including credit card, electronic fund transfer and billing schedule | Payment options | SGLI automatically deducts the premium from the service memberÃs military pay; member must opt-out of coverage |
| MBA members can apply for an increase in coverage up to a maximum of $500,000 | Coverage increase | VGLI limits the maximum to the amount of coverage under SGLI |
| MBA Term 90 continues to age 90 and pays a death benefit under any circumstances not considered contestable | Circumstances of death | The SGLI insurance terminates or the benefit is not payable in cases of misconduct, e.g. confinement, AWOL, desertion or conscientious objection |
| MBA membership and coverage remain active during and after the transition to civilian life, regardless of health at the time of separation or retirement | Disability and health | Service members who are totally disabled at the time of separation or retirement may not qualify for coverage under VGLI if they have serious health problems |
| MBA offers additional benefits to its members, including savings on tuition for members and family; preventive health screenings; a Scholarship Program for dependents; savings on auto and home insurance and other benefits that will help you stay healthy and save money; click here for details. | Benefits | N/A |
