A Cost Analysis of Group Insurance Plans

Abstract

The Fifth Quadrennial Review of Military Compensation has recommended an additional optional group insurance policy be made available to United States servicemen through the existing Servicemen's Group Life Insurance system. To prevent pursuing a plan that would be significantly costly, this study examines existing group life insurance policies on the open market to determine a reasonable maximum cost for such a suggested insurance program. The study concludes that various plans vary widely in features and cost and that the average cost of five plans for flyers and six plans for nonflyers would be an appropriate measure unless the government underwrites the hazards of war and flying. In that case, the average of six plans for nonflyers would be the appropriate measure for both flyers and nonflyers.

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Document Details

Document Type
Technical Report
Publication Date
Apr 01, 1985
Accession Number
ADA156104

Entities

People

  • Mark I. Ackerson

Organizations

  • Air Command and Staff College

Tags

Communities of Interest

  • Human Systems

DTIC Thesaurus Topics

  • Abstracts
  • Air Force
  • Air Force Personnel
  • Arkansas
  • Aviation Accidents
  • Compensation
  • Cost Analysis
  • Governments
  • Military Personnel
  • Money
  • North America
  • Operations Research
  • Security
  • Students
  • United States
  • United States Government
  • Universities

Readers

  • Defense Acquisition Program Management
  • Rehabilitation and Prosthetic Care for Military Service Members and Veterans with Limb Loss or Disability.
  • Systems Analysis and Design