SGLI definition

SGLI means Servicemembers' Group Life Insurance, as authorized by 38 U.S.C. § 1965, et seq,
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SGLI means a contract offered by Servicemembers' Group Life Insurance, as authorized by
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SGLI means the United States department of veterans affairs servicemembers' group life insurance program of low cost group life insurance for servicemembers on active duty, ready
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Examples of SGLI in a sentence

  • Proceeds must be rolled over within one year of receipt of the gratuity or SGLI payment for deaths occurring on or after June 17, 2008.

  • The rollover contribution amount is limited to the sum of the death benefits or SGLI payment received, less any such amount that was rolled over to a ▇▇▇▇▇▇▇▇▇ education savings account.

  • However, when you take a distribution, the amounts you contributed annually to any ▇▇▇▇ ▇▇▇ and any military death gratuity or Servicemembers’ Group Life Insurance (SGLI) payments that you rolled over to a ▇▇▇▇ ▇▇▇, will be deemed to be removed first, followed by conversion and employer-sponsored retirement plan rollover contributions made to any ▇▇▇▇ ▇▇▇ on a first-in, first-out basis.

  • If you receive or have received a military death gratuity or a payment from the SGLI program, you may be able to roll over the proceeds to your ▇▇▇▇ ▇▇▇.

  • If you receive or have received a military death gratuity or a payment from the Servicemembers’ Group Life Insurance (SGLI) program, you may be able to roll over the proceeds to your ▇▇▇▇ ▇▇▇.

  • Therefore, your nonqualified distributions will not be taxable to you until your withdrawals exceed the amount of your annual contributions, rollovers of your military death gratuity or SGLI payments, and your conversions and employer-sponsored retirement plan rollovers.

  • All of part of a military death gratuity or servicemembers’ group life insurance (SGLI) payment may be contributed if the contribution is made within one year of receiving the gratuity or payment.

  • Therefore, your nonqualified distributions will not be taxable to you until your withdrawals exceed the amount of your annual contributions, military death gratuity or SGLI payments and your conversions and employer-sponsored retirement plan rollovers.

  • Any military death gratuity or SGLI payment contributed to a ▇▇▇▇ ▇▇▇ is disregarded for purposes of the 12-month waiting period between rollovers.

  • Eligible death payments including military death gratuities and SGLI payments may be rolled over, tax-free into a ▇▇▇▇ ▇▇▇.


More Definitions of SGLI

SGLI means Servicemembers’ Group Life Insurance.
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SGLI means the Servicemembers’ Group Life Insurance as authorized by 38 U.S.C. section 1965.
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SGLI means the Servicemembers' Group Life Insurance as established by 38
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SGLI means a contract offered by Servicemembers' Group Life Insurance, as authorized by 38 U.S.C. section 1965 et seq.
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