The Georgia Guard Insurance Trust (GGIT) was formed on 1 October 1984 to offer group term life insurance (SSLI) to members of the Georgia National Guard, their spouses and dependent children.
The GGIT is a nonprofit organization. All of the money made on the group life insurance program, above expenses, is allocated to promote meritorious and worthwhile activities of the Georgia National Guard, such as scholarships for Guard members, spouses, dependent children and grandchildren.
- The Basic individual premium rate for Guard members is only $.40 per thousand dollars of insurance coverage, regardless of age, up to a maximum of $50,000 of coverage.
- The Basic rates are even more economical for dependent coverage. For example, you can insure your spouse and all dependent children under 21 years of age (25, if a full time student) for $10,000 each for $6.70 per month.
- The premiums are deducted from your drill pay while you are active in the GA National Guard. You can keep this insurance on yourself and your family after you retire or separate.
- The premiums will stay the same until you or your spouse turns age 60. At that time, the amount of coverage reduces by 50%, but you each have the option to convert the 50% of coverage you lose to a personal, whole life policy.
- At age 70, the group term life insurance policy terminates, with the same conversion option. To convert, you will not be required to answer any medical questions and will not have to take a physical exam.
- Conversion is automatically approved.
Under our Enhanced program, larger coverage amounts are available for the whole family at a very economical rate. For example, a Guard member can purchase as much as $270,000 of coverage for only $33 per month, up to age 50. There is a surcharge for tobacco users.
We offer $10,000 of insurance to all new accessions to the GA National Guard at no cost to the Guard member for one year. After one year, the Guard member may elect to keep or cancel the insurance, increase the coverage, or add dependent coverage.
There are no exclusions in our policy.
Our insurance underwriter is 5 Star Life Insurance Company out of Nebraska, an A- (Excellent) rated insurance company by AM Best.
If you are already enrolled in the group term life insurance program (SSLI), we thank you for your support. If you are not enrolled, we encourage and urge you to enroll.
If you have any questions, call the GGIT at 1-800-229-1053.