The Pros and Cons of Survivor Benefit Plan vs Life Insurance Explained

The Pros and Cons of Survivor Benefit Plan vs Life Insurance Explained
When you're retiring from the military, it's important to understand all of your options and make the best decision for your future.

One of the biggest decisions you'll have to make is whether to choose the Survivor Benefit Plan or life insurance. Many people don't know the difference between the two, and that can lead to making a costly mistake.

SBP is a federal program that provides monthly benefits to the survivors of military service members who die while collecting their retirement pension.

In contrast, life insurance policies are private contracts between an individual and an insurance company. Life insurance policies pay a death benefit to the named beneficiaries when the policyholder dies.

In this video, we'll explain the pros and cons of each option so that you can make an informed decision about what's best for you. We'll also help you figure out how to calculate which option will provide you with the most financial security.