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How do I update my Sgli on Milconnect? |



Milconnect is a social networking platform for members who are looking for investment opportunities, and the app helps users find deals through its marketplace. The team has just released an update that will make it easier to share offers with friends in real-time.

If you have a Sgli army, it is important to know how to update your account on the Milconnect app. There are several ways that you can do this.

How do I update my Sgli on Milconnect? |

To use SOES, go to www.dmdc.osd.mil/milconnect and choose Life Insurance SOES- SGLI Online Enrollment System under the Benefits Tab. If you work for the Department of Health and Human Services, To make SGLI coverage and beneficiary changes, fill out the SGLV 8286 and send it to your branch of service personnel office.

How can I update my Sgli army online in this manner?

Under the “Benefits” tab at the top of the website, click the “Life Insurance (SOES – SGLI Online Enrollment System)” link. When the SOES screen appears, scroll down to the bottom of the page and select ‘continue’ to begin updating your coverage.

Also, how can I keep Milconnect up to date? A: In milConnect, go to Change and View My Profile to update your address and/or phone number on your DEERS record (you’ll be prompted to sign in if you haven’t already). After you’ve made your changes on the Personal Information page, scroll down to the bottom and click Submit to ensure that your changes are reflected in DEERS.

In that case, how can I utilize Sgli on Milconnect?

Go to www.dmdc.osd.mil/milconnect/milconnect/benefits, life insurance SOES- SGLI Online Enrollment System to access SOES. As soon as they get word that SOES access is available, servicemembers may log in using their CAC or DS Logon using Internet Explorer.

How can I modify the composition of my Sgli army?

How to modify your beneficiaries, as well as how to decrease, decline, or reinstate your SGLI coverage.

  1. Go to milConnect for more information.
  2. Sign in.
  3. Go to SOES-SGLI Online Enrollment System, Benefits, Life Insurance.
  4. Make any necessary modifications to your coverage and beneficiary information.

Answers to Related Questions

What is Sgli’s method of payment?

You pay a monthly premium that is automatically withdrawn from your base pay if you have SGLI coverage. The current basic SGLI premium rate for $1,000 of insurance is 6 cents. A monthly fee of $1.00 is added to the premium for Traumatic Injury Protection coverage (TSGLI).

What is the best way to locate my Sgli?

Sign in to milConnect and go under the Benefits tab for Life Insurance to see your current coverage. Please visit the SGLI page on the Department of Veterans Affairs Web site for more information on eligibility and coverage.

Is Sgli a term or a lifetime commitment?

SGLI coverage is offered in increments of $50,000 up to a maximum of $400,000. They may change their full-time SGLI coverage to renewable term insurance via the Veterans’ Group Life Insurance (VGLI) program or a permanent insurance plan through one of the partnering commercial insurance firms.

Where can I get my Sgli updated?

To use SOES, go to www.dmdc.osd.mil/milconnect and choose Life Insurance SOES- SGLI Online Enrollment System under the Benefits Tab. If you work for the Department of Health and Human Services, To make SGLI coverage and beneficiary changes, fill out the SGLV 8286 and send it to your branch of service personnel office.

Is there a monetary value for Sgli?

The recipient may use the money to pay for funeral costs or invest it to help replace your paycheck. SGLI does not have cash or loan values, and it does not generate dividends since it is term insurance.

What is the meaning of SGLV?

Servicemembers’ Group Life Insurance Election and Certificate is abbreviated as SGLV.

What exactly is a dd93?

FORT HOOD, Texas – Most Soldiers refer to their Department of Defense Form 93 as their DD 93. If a Soldier is killed, the Army utilizes the information on the DD 93, or record of emergency data, to award death gratuity payments and other unpaid allowances.

What is the coverage of Sgli on dd214?

SGLI stands for Servicemembers’ Group Life Insurance. All service personnel may get low-cost group life insurance via the VA’s Servicemembers’ Group Life Insurance (SGLI) program. Unless you opt out, you are automatically covered by SGLI for a maximum of $400,000 in coverage.

What is the procedure for logging into Milconnect?

Select Sign In at https://milconnect.dmdc.osd.mil/milconnect/. Click Login after selecting one of the login methods.

How can I unsubscribe from Sgli?

How Can You Lower or Cancel Your SGLI Insurance Coverage? You must complete and submit a form SGLV 8286, Servicemembers’ Group Life Insurance Election and Certificate, with your uniformed service to decrease or cancel your SGLI. Your decision to decrease or cancel SGLI on the first day of duty will take effect immediately.

What kind of life insurance do I require?

What kind of life insurance do I require? A good rule of thumb is getting life insurance coverage that’s 10-15 times your income, but it depends on your individual financial circumstances. For many people, buying a life insurance policy is a smart move that will ensure financial coverage for family and loved ones.

How can I make changes to my DD 93?

When you modify your beneficiary information in milConnect’s Servicemembers’ Group Life Insurance (SGLI) Online Enrollment System (SOES), your Record of Emergency Data (DD Form 93) is not updated. You must use eMILPO to access your DD Form 93 and edit it.

What should I do if I want to alter my name on my military ID?

Follow these procedures to change your name in DEERS: 1) Contact the DMDC/DEERS Support Office (DSO) to find out the papers you’ll need to complete the name change procedure. (800) 538-9552 for phone numbers and hours of operation.

What is the procedure for changing my address in Deers?

DEERS is being updated.

You can update your home address, email address or phone number(s) by: Logging in to MilConnect. Calling 1-800-538-9552 (TTY/TDD: 1-866-363-2883) You can also fax or mail your changes. >>

Is Sgli a good investment?

Outside of the military, most financial advisers and insurance companies suggest that SGLI is a good value. SGLI premiums are the same for all military members, regardless of rank, and the $29 monthly cost for an E-1 is less than 2% of monthly basic pay.

When I leave the service, what happens to my Sgli?

Your SGLI will expire 120 days after you resign or transfer from military duty in the United States. However, VGLI is more expensive than SGLI for the same quantity of coverage. Premiums for VGLI are equal for men and women and are depending on your age at the time of separation.

How much does Sgli cost?

Members of SGLI may purchase up to $400,000 in coverage in $50,000 increments, regardless of age. For every $1,000 of coverage, SGLI costs 6 cents. TSGLI requires a $1 monthly fee from all SGLI members, bringing the monthly premium to $25 for $400,000 in coverage.

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Personal Finance

Instant Money Transfers: How to Speed Up Your Financial Transactions?




People today are no longer limited to using traditional banking methods and payment options like cash or checks for their financial transactions. With digital payment options becoming increasingly popular, money transfers have become easier. However, while these solutions offer convenience, they only sometimes guarantee a speedy transaction of funds from one party to another. If you need an instant transfer solution that allows you to move your funds without any hassles quickly, keep reading. Here are some tips to help you get started with an instant money transfer:

Find a Trustworthy Money Transfer Provider

Finding a trustworthy money transfer provider is paramount in ensuring your money’s safe and efficient transfer. Start by researching different providers, particularly their reputation, customer reviews, and transaction security protocols. The team at Paysend can help you send money to the Philippines from the USA in just a matter of seconds. A reliable provider should have a robust security framework to guard against fraud and hacking attempts. Additionally, consider the speed of their service, the fees they charge, and the exchange rates they offer.

Some providers may offer attractive transfer rates but compensate with hidden charges, so read the fine print. Customer service is another important factor; a good provider will have a responsive and knowledgeable support team to promptly address any issues or concerns. Regulatory compliance is also crucial – ensure the appropriate financial authorities regulate the provider. Remember, a trustworthy provider prioritizes the security and satisfaction of its customers above all else.

Select Your Preferred Payment Method

Choosing your preferred payment method is a critical step in instant money transfers. Several payment methods are available, and the best choice often depends on one’s circumstances and preferences. The most common payment options include bank transfers, debit or credit cards, and digital wallets. Bank transfers, while reliable, may provide a different speed than some users require. Debit or credit card payments are typically faster but may carry higher fees.

Digital wallets like PayPal or Apple Pay offer speed and convenience, allowing you to transfer funds digitally without requiring bank account information. The factor to consider here is not just the convenience of the payment method but also its transaction speed, security, and associated charges. Always select a payment method that suits your needs regarding these factors.

Sign Up for an Account

Once you have selected the ideal payment method and provider, it is time to sign up for an account. Most providers will require personal information such as your name, address, email ID, and phone number, so make sure the details you provided are accurate. You might also be asked to supply additional documents, such as identification proof and bank statements, to verify your identity.

Sometimes, you may need to link your bank account with the transfer provider’s platform; read through their documentation carefully to understand what steps you need to take. Once the registration process is complete, you can access and use the money transfer service for quick transfers.

Initiate the Money Transfer

Most providers will require you to register on their platform with valid ID documents before proceeding. Enter all the necessary details correctly and accurately, including recipient information and account numbers. Additionally, make sure that you double-check the amount of money being transferred and the associated fees.


Confirm everything is correct before hitting ‘Send’ to avoid costly mistakes or delays in transfer processing. You should receive an email or text message confirming the transfer with your transaction details, including the recipient’s account information and a tracking number. You can use this tracking number to monitor the progress of your money transfer.

Complete the Money Transfer Process

This usually requires providing basic information such as the recipient’s name, address, and contact details. Depending on your provider, you may also need to specify what currency you’re sending and offer additional security authentication. Once this is done, enter the amount you wish to transfer, verify the transaction details, and approve it. After that, your money should be on its way to the recipient’s account immediately.

Some providers offer extra features such as tracking services or reminders for upcoming transfers for added security and convenience. These features can come in handy when sending payments regularly or tracking the status of a transaction. Additionally, look out for any special offers, discounts, or rewards available to loyal customers. Many money transfer providers offer these incentives as a way of showing appreciation and encouraging loyalty among their customers.

Monitor the Status of Your Transfer

Most providers will allow you to monitor the progress of your transfer in real time. Some may even send notifications via email or text message when the money reaches its destination. If you sense any delays, contact customer support for assistance. Money transfers can take a few minutes to several hours, depending on the selected payment method and recipient country.


Finally, always save all records related to your money transfers, including emails and receipts. If there are any discrepancies or disputes, you can refer to these documents for clarification. With the help of a reliable provider and modern payment methods like digital wallets, you can now easily make instant money transfers. So get started today and experience the convenience of instant money transfer services.

Receive and Verify the Transaction

Once the money has been transferred, you or the recipient should receive a notification of completion. At this point, ensuring the transaction was successful, and all details were correct is important. For security purposes, some providers may ask for additional verification from either party to avoid fraud and other malicious activities. This process could include providing a digital signature or proof of identity.

Once the verification is complete, the funds should be available in the recipient’s account almost immediately. If you have any concerns, contact customer support to get assistance or help resolve any issues. Remember that reliable providers prioritize customer satisfaction and security above all else. With these steps, you can now easily and safely transfer money with instant money transfer services.

Nowadays, it’s more important than ever to employ secure digital payment methods in your daily financial transactions. That’s why researching which providers offer the best services regarding speed, security, transaction fees, and customer support pays off. With the right provider, you can have peace of mind knowing that your money transfers will be conducted instantaneously and securely.

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Personal Finance

The Ins and Outs of Getting a Loan With Bad Credit




If financial difficulties or uninformed decisions have left you with bad credit, you may not know where to turn for a loan. While borrowing money with a low credit score may take additional research or work, it’s likely still within your reach.  

Many lenders offer bad credit loans for people who need extra cash but may not have the best credit background. Applying for a loan with bad credit may feel intimidating, but the following considerations could make the process easier.

Start by Checking Your Credit

Before you begin shopping for loans, check your credit report. Some creditors require specific scores for each loan product, even those designed for bad credit, so knowing your score saves you time.

It’s also important to check your credit report for errors that may drag your score down and limit your loan options. You can access this information from Equifax and TransUnion for free online.

Compare Your Options

While a lower credit score likely disqualifies you from some personal loans, you may still have many options. Some lenders offer loans specifically for people with low credit scores who struggle to qualify for other options.


Bad credit loans may require a deposit or other fees, have higher interest rates than other loans, or include income requirements. However, they may also offer a wide range of payment terms and options like online portals that make managing your loan easier. With some research, you could find the right fit for your circumstances.  

Whenever possible, take advantage of loan prequalification. Many lenders allow you to check your potential eligibility for a loan by providing personal and financial information. They use that to run a soft credit check, which doesn’t affect your credit score. If you pre-qualify, they’ll provide information about possible rates and terms. You could complete prequalification forms for multiple loans to help you find your best option.

Improve Your Application

Some financial decisions improve your loan eligibility. A friend or family member with better credit may agree to co-sign your loan. In that case, their financial information influences your eligibility for a loan.

Cosigners take on substantial risk. If you fail to repay your loan, your cosigner becomes responsible. Likewise, issues with the loan could hurt their credit score and put a strain on your interpersonal relationship.  


If multiple lenders have declined your applications for unsecured loans, consider a secured loan instead. Secured loans require collateral, like a deposit, car, or other property. If borrowers don’t repay their loans, lenders may seize the collateral. Lending institutions don’t take on as much risk with secured loans as unsecured loans so they may have more lenient credit requirements for borrowers.

Avoid Scams

Unfortunately, fraudulent lenders often exploit consumers who have limited loan options. Before providing a lender with any personal or financial information, ensure they’re legitimate. Otherwise, you risk having your identity stolen or paying fees for a loan you never receive.

Be wary of anyone offering guaranteed approval or soliciting your business via cold calls. Always verify loan servicers’ contact information and check their reviews on trusted third-party websites.

The Bottom Line

If you have bad credit, you could still qualify for a personal loan. Remember to check your credit score, investigate your options, and confirm a lender’s legitimacy before applying. If you still struggle to qualify, you may need a cosigner or collateral to boost your application.

By taking some extra steps, you can make getting a loan easier and safer.

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Personal Finance

Four Ways to Save on Fuel in 2023





From increasing energy bills to price hikes at online stores and supermarkets, all individuals globally feel the need to make their money to go further and do more. And there has never been a perfect time to know how to save more on fuel than now.

From getting fuel cards with great deals and driving more efficiently to using telematics and keeping your vehicle in good condition, here are different ways to save money on fuel.

Get a Fuel Card

A fuel card can provide you with more than the ability to purchase fuel from a good station. With a fuel card, you can control your business’s fuel spend by getting discounts on fuel pump rates, setting spending limitations, and increasing your cash flow – all enabling you to save a significant amount of money.

Fuel cards allow savings on fuel, which means that the price you pay is always less compared to the one indicated on the fuel pump machine. With numerous fuel cards available out there, find the right partner with excellent deals.

Use Telematics/Advanced Route Planning

Digital telematics solutions come with real-time GPS tracking as well as remote automobile diagnostics helping individuals and company owners to thoughtfully plan the most efficient routes depending on different data points. A high-quality telematics solution also integrates with route optimisation systems to plan the most efficient routes and offer turn-by-turn directions and navigations.


Well-planned routes allow automobiles to get from point C to D efficiently, significantly minimising time spent and distance covered, saving on fuel. Heavy-duty automobiles can avoid routes with steep hills. You can also re-plan a hilly route for a light and medium-duty automobile.

But as you do that, ensure the route you choose doesn’t take your drivers too far. Side-step all congested routes and those that require excessive stopping and starting or cause unnecessary idling.

Drive More Efficiently

One of the proven ways to save on fuel is to manage driver behavior. Whether you’re a driver or fleet manager, you need to keep yourself or drivers accountable for how they utilize their fuel cards.

You should also reinforce ways to conserve fuel through safety training – many of the behaviors that are taught as techniques of safe driving, such as driving more efficiently. Most businesses and individuals use telematics to control driver behavior, such as harsh accelerating or braking, to maximize return on investment by minimizing fuel spend.

Keep Your Vehicle in Good Condition

If you keep your automobile in excellent condition by servicing it in line with the guidelines of the manufacturer, it’ll help you save on fuel costs. Fix any faults quickly to make sure your vehicle is operating efficiently.


When you keep your car in excellent condition, you’ll enjoy numerous benefits, saving fuel being one of them. A vehicle that isn’t serviced based on the guidelines of the manufacturer can increase the consumption of fuel by approximately 50%.

Integrate these four ways into your automobile’s daily activities, and you’ll be able to save on fuel.

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