Handbook - Indiana County, Pennsylvania

equirements. If the application is forwarded to OSGLI for review, dependentchildren are insured on the date the application is approved by OSGLI.10.04 COST OF INSURANCEa. For all members entitled to SGLI coverage, the necessary amount will bededucted from the member's service pay or otherwise collected from themember by the uniformed service.b. Coverage for dependent children is provided at no cost to the member.c. Spousal premiums are based on the age of the spouse and the amount ofcoverage. (See Appendix C for the current FSGLI Premium Rate Table.)Premiums will increase as the spouse reaches each successive age bracket.10.05 TERMINATION OF INSURANCEa. FSGLI coverage for both spouses and dependent children will terminate 120days after The member separates from service.10.06 REDUCTION AND CANCELLATION OF INSURANCEa. Spousal Coverage- an insured Servicemember may elect to reduce or cancelspousal coverage at any time. If the member elects to reduce the amount ofspousal coverage, the reduced amount of coverage will remain in effect untilcoverage is canceled or a request for an increase in coverage is made. Wherespouse coverage is canceled, it will terminate as follows:(1) 120 days after the date of an election made in writing by themember to terminate the coverage or;(2) the earliest of either:(a) 120 days after the date of the member'sdeath;(b) 120 days after the date the member's SGLIcoverage terminates (see Chapter 2);(c) 120 days after the termination of themarriage.b. Dependent Child Coverage - Dependent child coverage may not be reducedfor any reason while the Servicemember is insured. Dependent child coverageautomatically terminates when the insured member is no longer insured orwhen the dependent child no longer qualifies as a dependent under paragraph38