Is SGLI Term Or Whole Life Insurance? 
Single Guideline Level Premium is the premium -LRB- lump sum -RRB- that would be required to pay a policy up within the first 7 years of the policy issuance . Therefore , if I have a $ 500,000 face amount and for illustration purposes let 's assume the lump sum I would need to invest in order to pay the premium up without having to make monthly premiums is $ 21000 . While these figures are not calculated with a quotaqtion system it illustrates why having a life insurance policy is a good investment because I can pay the monthly premium and if the monthly premium is $ 100 I trade my $ 100 for a protection amount of $ 500.000 . My wife and children would never scold me for wasting money . 