Description |
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Member Servicemembers' Group Life Insurance (SGLI) Beneficiary Type indicates whether an SGLI beneficiary is a principal beneficiary or a contingent beneficiary.
Usage
Member Servicemembers' Group Life Insurance (SGLI) Beneficiary Type is used to document and identify the precedence for how named SGLI beneficiaries will receive insurance proceeds. A contingent beneficiary is a person or persons designated to receive the insurance proceeds if the principal beneficiaries die before the insured dies; otherwise only principal beneficiaries will be considered to receive insurance proceeds. |
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Physical (Column) Name |
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Entity (1) |
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Pay Profile Update Information
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Data Element(s) (1) |
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Member Servicemembers' Group Life Insurance Beneficiary Type |
Data Structure(s) (0) |
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Data Synonym(s) (0) |
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Information Exchange(s) (0) |
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