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Can SGLI Benefits Be Assigned to Another Person?

April 26, 2017Benefits person sgli

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Can SGLI Benefits Be Assigned to Another Person?

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Under the law, a beneficiary is not permitted to assign or transfer SGLI proceeds to any other person or entity. In addition, payments of SGLI benefits are not subject to claims of creditors of the insured or creditors of the beneficiary.

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A. Under the law, a beneficiary is not permitted to assign or transfer SGLI proceeds to any other person or entity. In addition, payments of SGLI benefits are not subject to claims of creditors of the insured or creditors of the beneficiary.