The Complete Survivor Benefit Program Review

Описание: One of the biggest decisions that retiring military servicemembers have to make is whether or not to enroll in the Survivor Benefit Plan. But is it a good option? And how does it fit into your life plan? This video tries to fully review the program to help you transition more smoothly.

#militarytransition #retirementplanning #lifeinsurance

0:00 - What is the Survivor Benefit Program?
0:35 - When do you enroll in SBP?
1:09 - Is SBP a life insurance policy?
3:10 - Who Administers SBP?
3:55 - Who can be a Beneficiary of SBP?
5:59 - Can a Former Spouse Get Survivor Benefit Coverage?
6:29 - When Can You Opt Into SBP?
7:33 - How Much Does SBP Pay?
8:20 - How Much Does SBP Cost?
9:17 - Is Term Life Insurance Better Than SBP?
10:59 - What if My Spouse Dies Before Me?
12:19 - Group Life Insurance vs. Term Life Insurance
14:00 - How Likely Is It That My Spouse Outlives Me?
16:07 - How Long Will My Spouse Outlive Me?
17:30 - Summary of Survivor Benefit Program
18:27 - Is Survivor Benefit Plan a Good Option?
20:10 - Who Should Decide to Enroll in SBP?

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Note: The views expressed in this video are the presenter's and do not represent the policy or guidance of the Department of Defense or its subordinate elements.
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