| Member Servicemembers' Group Life Insurance Beneficiary Share Quantity | | Description | Member Servicemembers' Group Life Insurance (SGLI) Beneficiary Share Quantity is the percent, dollar amount, or fraction of the insurance proceeds each named beneficiary is to receive.
Usage
Member Servicemembers' Group Life Insurance (SGLI) Beneficiary Share Quantity is used to document the allocation of insurance proceeds among the named principal beneficiaries, if more than one principal beneficiary is named. If all principal beneficiaries pre-decease the insured, and there is more than one contingent beneficiary, then Member SGLI Beneficiary Share Quantity is used to allocate insurance proceeds among the named contingent beneficiaries. | |