2 minute read
NGAT Insurance Update
by MediaNation
THE STATE SPONSORED LIFE INSURANCE (SSLI)
program that the National Guard Association of Texas (NGAT) offers provides group term life insurance exclusively for actively serving members of the Army and Air National Guard and their dependents. The program is derived from United States Public Law 93-289, May 24, 1974, to encourage persons to join and remain in the National Guard. Member death benefits are provided by Armed Forces Benefit Association (AFBA) and underwritten by 5Star Life Insurance Company (a Lincoln, NE company) and administered by NGAT.
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NGAT’s SSLI program provides $1,000 no cost coverage to every uniformed Texas Army & Air National Guard member as an automatic benefit of service. Additional coverage is available for as little as $10,000 for $3.66 a month or as much as $50,000 for $17.00 per month; Coverage is level term until age 65. Which means you can keep the policy once you leave the Guard, and your premiums won’t increase. Premiums are paid through payroll deduction while serving in the Guard. Prompt payment of claims are normally within 24 to 48 hours upon notification and conversion is available to a whole life policy without insurability at the end of the term policy.
If you are nearing retirement, we ask that you consider this SSLI as an option before retirement. Once out of the National Guard we are unable to offer you enrollment in this program. If you currently have a NGAT SSLI policy don’t forget to update your policy if you move, change phone numbers, get married or divorced, have a child, or wish to change your beneficiary.
In March of 2021 NGAT started taking ACH payment to pay insurance premiums. ACH payments are electronic payments that pull funds directly from your checking account. To sign up for ACH payments instead of receiving a bill in the mail go to https://ngat.org/ insurance/ and select “Enroll in ACH to pay NGAT Life Insurance.” Payments are then set up to automatically withdraw from your bank account according to your billing cycle.
If you have any questions about your insurance coverage or need additional information about our policies contact CW4 (Ret) Terri Marshall at tmarshall@ngat.org or at 512-454-7300 for more information. H
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