Answered

Welcome to Westonci.ca, the ultimate question and answer platform. Get expert answers to your questions quickly and accurately. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

What type of insurance can be obtained through SGLI by members of the armed forces?

A. Group universal life insurance
B. Term group life insurance
C. Individual whole life insurance
D. PPO individual health insurance

Sagot :

GinnyAnswer

Final answer:

Service Members Group Life Insurance provides Term group life insurance to armed forces members. Actuarially fair premiums are calculated based on risks, and charging a unified premium can impact the insurance company.


Explanation:

SGLI stands for Service Members Group Life Insurance. Members of the armed forces can obtain Term group life insurance through SGLI. This insurance provides coverage for a specified period of time and is a common type of life insurance for military personnel.

Actuarially fair premium for each group would be calculated based on the group's risk profile and demographics. If an insurance company cannot access family cancer histories, the actuarially fair premium for the group as a whole would be determined using available risk factors and data.

Charging the actuarially fair premium to the group as a whole instead of each group separately can impact the insurance company's profitability and sustainability, as it may not accurately reflect the varying risk levels within different groups.


Learn more about Types of insurance available to armed forces members here:

https://brainly.com/question/31966171


Thank you for visiting our platform. We hope you found the answers you were looking for. Come back anytime you need more information. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Stay curious and keep coming back to Westonci.ca for answers to all your burning questions.