Final answer:
The maximum Service Member's Group Life Insurance (SGLI) coverage available is $400,000, offering financial protection for families of service members. The correct option is B) $400,000
Step-by-step explanation:
The maximum amount of Service Member's Group Life Insurance (SGLI) coverage available to personnel is $400,000. SGLI is a program that provides low-cost term life insurance coverage to eligible service members. If eligible, you are automatically issued the maximum SGLI coverage.
Service members can choose to reduce the coverage or decline it entirely if they so choose. The increments of coverage range from the full amount of $400,000 to as low as $50,000, and service members can select coverage in $50,000 increments.
This insurance is an important benefit for service members as it provides financial protection for their families in the case of the service member's death.
The premiums for SGLI are also reasonably priced, which makes it accessible for many service members. Furthermore, SGLI includes coverage for traumatic injuries and provides a financial safety net for recovery in cases of severe injury. The correct option is B) $400,000