A plain-English framework for the Survivor Benefit Plan election: what SBP costs, what it pays, how it compares to life insurance, and the factors to weigh before you decide.
Bottom line up front
SBP is a government annuity that continues part of your military retired pay to a survivor for life, and it adjusts for cost of living. You elect it at retirement, and for most retirees the choice is permanent. Whether to take or decline it turns on your survivor's other income, your health and longevity, inflation, and any life insurance you already hold. This guide walks through those tradeoffs. It is educational, not individualized advice.
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Exponential Advisors LLC is a fee-only fiduciary investment adviser registered with the Texas State Securities Board. Registration with any securities authority does not imply a certain level of skill or training. This article is for educational purposes only and is not individualized investment, tax, or legal advice. Additional information about the firm, including its services, fees, and any conflicts of interest, is available in its Form ADV Part 2A at adviserinfo.sec.gov or upon request. Tactical Financial Assessment℠ is a service mark of Exponential Advisors LLC.