Does The Army Have Life Insurance? 
Yes , the Army provides life insurance to persons serving as an active duty member of the Armed Forces -LRB- and others -RRB- . Eligible servicemembers are automatically enrolled for $ 400,000 of SGLI Life Insurance . There is a charge of 7 cents per thousand dollars of coverage -LRB- rate starting 7-1-2014 -RRB- . This can be reduced in increments of $ 50,000 down to $ 50,000 or declined altogether . 