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The Servicemembers' Group Life Insurance (SGLI) Disability Extension is for service members who are totally disabled at the time of discharge. The benefit allows the member to retain their SGLI coverage for up to two years after discharge at no cost to them.
Can I cash out my SGLI? No. SGLI coverage is a form of term life insurance, which means that it only provides a death benefit during the policy term. There is no cash value, and when coverage ends, there's nothing left.
When and What Happens When SGLI Coverage Ends? Coverage generally ends 120 days after separation from service.
SGLI Traumatic Injury (TSGLI) Claims Complete form SGLV 8600, Application for TSGLI Benefits, or request the form from your service department point of contact, then submit the completed claim to the branch of service listed on the form, along with photocopies of any evidence to support your claim.