The increase in SGLI coverage is a result of the Veterans Benefits and Health Care Improvement Act of 2000. With final implementation instructions pending as recently as March 1, pay and compensation officials anticipate each member will have April to elect a lower coverage amount without being charged for the automatic increase to the maximum coverage. People who elect to change their coverage after April will pay for the maximum coverage for April as well as for any other month in which the increased coverage remains in effect.
Beneficiaries stay the same unless members update their coverage.