Resolution Title | Increase in FSGLI coverage for dependent children |
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Resolution Description (Short) | Increase in FSGLI coverage for dependent children |
Proposal Type | Initial |
Business Case | It was brought to our attention that the Family Servicemember’s Group Life Insurance may not be enough to cover the cost of a funeral, let alone some of the associated expenses. The average funeral cost continues to increase and can now easily exceed $10,000. “The National Funeral Directors Association estimates the median cost of a funeral and burial at about $8,500. This price does not include a burial plot or things like flowers or transportation. Depending on the funeral home and funeral items chosen, the cost could be substantially higher”. Funeral costs have increased by nearly 4% between 2014 and 2017, and this trend is expected to continue. With this increase, the FSGLI for dependents will soon not even be enough to cover the cost of a funeral. This past March our SGLI increased by $100,000 but this resolution was passed by the SDNGEA and EANGUS in 2019 and four years later, no traction has been made. |
Recommendation | EANGUS urges Congress to review the current FSGLI amount for dependents and consider increasing the amount. |