Supervised by the United States Department of Veterans Affairs, the program is administered by the Prudential Insurance Company of America.
[4] Notably unlike many other life insurance policies, the SGLI does not have a war clause exclusion which otherwise precludes benefits if death results from combat.
Rather than paying the full amount due to the families at once, the company would instead deposit the funds into a Prudential corporate account.
[7] The company's response included an open letter to the military community in which it addressed what it characterized as "misinformation" about the nature of the accounts.
[8][9] Military Times noted that prior lawsuits against insurance companies pertaining to the use of retained asset accounts have been dismissed in federal courts without action.