Coverage for present and past U.S. uniformed services members under one of these programs:
United States Government Life Insurance (USGLI) established in 1919 to provide RENEWABLE TERM LIFE INSURANCE up to $10,000.This program is no longer available.
National Service Life Insurance (NSLI) established in 1940 to take the place of USGLI; terminated in 1950. Today NSLI exists for amounts ranging from $1000 to $10,000 under five-year renewable term and permanent forms of life insurance. The latter policies have the same non forfeiture benefits and OPTIONAL MODES OF SETTLEMENT as COMMERCIAL FORMS of life insurance.
SERVICE MEN'S GROUP LIFE INSURANCE (SGLI) established in 1965 to cover active members of the U.S. uniformed forces; purchased through commercial insurance companies on a group basis at a government subsidized rate. Each service person pays a premium that reflects nonmilitary mortality expectation and administrative expenses. The federal government subsidizes the premium by paying for any extra mortality and administrative expenses associated with the military exposure. Upon discharge, a SGLI policy can be converted, regardless of physical condition, to a five-year nonrenewable Veterans Group Life Policy (VGLI), and then can be converted (after five years) again regardless of health to an individual life policy with any of the participating commercial life insurance companies.
VETERANS GROUP LIFE INSURANCE (VGLI) nonrenewable convertible five-year term insurance to which SGLI is converted at the time a service person is discharged. It has no cash or loan value, disability benefits, paid-up benefits, or extended term benefits. It can be converted to an individual policy with a participating company.
Department of Defense triple option managed health care program consisting of three options: Tricare Prime (health maintenance organization), Tricare Extra (preferred provider ...
Statistical approach stating that if a series of samples is taken from a stable population, the distribution of the means (averages) of these samples will form a normal distribution whose ...
Endorsement to a scheduled property floater that provides all risks protection for street clocks. Clocks and signs attached to business property can be covered under the Standard Fire ...
Type of premium plan under which the employer (if noncontributory plan) or the employer and employee (if contributory plan) make level annual premium payments to fund the future retirement ...
System of classifying face amount of policies according to size within a given range. The premium rate per $1,000 of face amount varies on a declining basis. As the face amount increases, ...
Ratio of the insurance company's investment in common stocks dividend to its adjusted surplus account. This ratio shows how vulnerable the company's surplus is to the stock market ...
You need an insurance policy that is tailored in your needs in mind. Take liability for example. Guest passenger liability helps protect you bodily injury to a passenger on your motorcycle ...
Every person has a different idea of what financial security means. If so, should happen to you, how much money would you family need? You should consider:
- Your current debt.
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Long-term care refers to a broad range of medical and personal care services designed to assist individuals who have lost their ability to perform activities of daily living without ...
Whole life insurance insurance provides the coverage amount to your beneficiary in the of your death, as well as cash value savings you can use during your lifetime. ...
Warranties primarily cover manufacture\'s defects parts that go bad from regular use. Insurance covers things like- Theft Fire Power surges Lightning Spilled coffee in the keyboard ...
Health insurance also known as .disability insurance. is insurance of human beings against bodily injury, disablement, or death by accident or accidental means. ...
Commercial insurance is designed to help protect many of the risks your business can face, including: damage or destruction to your business vehicles certain liability exposures resulting ...
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