Under current law, if a widow(er)'s active duty or retired military spouse passes away under certain circumstances the surviving spouse will receive DIC. Unfortunately, for every dollar received in DIC, SBP is reduced by a dollar. The 2020 NDAA, which looks likely to become law, will change that.
Converting SGLI to VGLI can be an attractive choice if you have concerns about insurability. There is another option though. You can convert SGLI, FSGLI and VGLI to an individual whole life insurance policies with no health questions.
At some point in your military career you'll rent an apartment or house. When you do, it’s likely your landlord will ask you to obtain a renters insurance policy. And while you do so obligingly, you may be left wondering what exactly renters insurance is and what it covers.
Women are expected to live longer than men. Too many women are stuck with the unexpected expenses of long-term care later in life, instead of preparing for it while there’s still plenty of options, resources and time ahead. Without proper planning this can affect female military officers and female military spouses.
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