Analysis of Servicemembers' Group Life Insurance (SGLI) Program: History, Current Issues and Future Implications

reportActive / Technical Report | Accession Number: ADA547799 | Open PDF

Abstract:

The SGLI program is the military life insurance program overseen by the Department of Veterans Affairs VA but managed and administered by The Prudential Insurance Company of America. Recently, a series of news stories by Bloomberg News reported that the program might not be following the law, and that Prudential was profiting from the deaths of servicemen and women. The primary purpose of this paper was to analyze the news articles for factual content and determine whether the journalistic writing style of the author s research distorted the SGLI program. What we found was that Prudential ran the SGLI in a manner that was actually beneficial to both Prudential and policyholders. We also discovered that Bloomberg used a sensationalist journalistic style, which distorted the facts. This would have the effect of misleading the public and casting Prudential in a negative light.

Author(s):
Callan, Patrick M. ; Schmid, Christopher M. ; Voogd, Michael
Author Organization(s):
NAVAL POSTGRADUATE SCHOOL MONTEREY CA
Descriptive Note:
Doctoral thesis
Supplementary Note:
MBA Professional Report.
Pagination:
0119

Security Markings

DOCUMENT & CONTEXTUAL SUMMARY

Distribution:
Approved For Public Release
Distribution Statement:
Approved For Public Release; Distribution Is Unlimited.

RECORD

Collection: TR
Identifying Numbers
Monitor Series:
NPS
 Subject Terms
Joint Capability Areas:
JCA_6.4.1_Secure Information Exchange; JCA_6_Net Centric; JCA_4.5.1_Contract Support Integration; JCA_4.5_Operational Contract Support; JCA_6.4_Information Assurance; JCA_1_Force Support; JCA_5_Command and Control; JCA_1.2_Force Preparation; JCA_6.1.3_Switching and Routing; JCA_1.2.3_Educating; JCA_1.3_Human Capital Management; JCA_5.3_Planning; JCA_6.1_Information Transport; JCA_8_Building Partnerships; JCA_1.2.5_Lessons Learned; JCA_1.4.1_Force Health Protection; JCA_1.4_Force Support; JCA_3.2_Engagement; JCA_3_Force Application; JCA_5.4_Decide; JCA_1.3.1_Personnel and Family Support
Communities of Interest:
Biomedical
Descriptor(s):
*INSURANCE, CAREERS, CASTING, DEATH, HISTORY, MILITARY PERSONNEL, PURIFICATION, VETERANS(MILITARY PERSONNEL), WOMEN
Field(s)/Group(s):
Economics and Cost Analysis
Keyword(s):
ALLIANCE ACCOUNTS, DEPARTMENT OF VETERANS AFFAIRS (VA), FEDERAL INSURANCE DEPOSIT CORPORATION (FDIC), LIFE INSURANCE, OFFICE OF SERVICEMEMBERS S GROUP LIFE INSURANCE (OSGLI), PRUDENTIAL, PRUDENTIAL INSURANCE COMPANY OF AMERICA, RETAINED ASSET ACCOUNT, SERVICEMEMBER, SERVICEMEMBERS GROUP LIFE INSURANCE (SGLI)
Report Date:
2011 Jun 01
Creation Date:
2011 Sep 19