On May 14th, Minnesota Governor Mark Dayton signed nine state bills into Law. Among them was Chapter 136, SF 2692 which authorizes National Guard members access to information relating to a state-sponsored life insurance program. This bill passed unanimously in both legislative bodies.
Below is the language as posted to the Minnesota State Legislature page.
S.F. No. 2692: A bill for an act relating to military affairs; providing National Guard members access to information regarding state-sponsored life insurance program; proposing coding for new law in Minnesota Statutes, chapter 192. S.F. No. 2692 was read the third time and placed on its final passage. The question was taken on the passage of the bill. The roll was called, and there were yeas 66 and nays 0.
State Sponsored Life Insurance (SSLI) is a program that provides group term life insurance exclusively for National Guard members 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. This state legislation provides further guidance within state law on this program.
Armed Forces Benefit Association (AFBA) is a main provider for Basic and Enhanced SSLI coverage through 5Star Life Insurance Company. AFBA was established in 1947 with the support of the Chief of Staff and General of the Army, Dwight D. Eisenhower, to promote the general welfare and economic interest of uniformed military service members and their families during peace and war.
As the proud provider of one of the most comprehensive SSLI programs in the country, AFBA has more than 140,000 National Guard members, retirees, and family members with $14B of insurance in force and has paid out more than $79M in claims. AFBA provide high value life insurance protection with no military specialty or combat or war exclusions to our National Guard members and their families.
