When you retire or separate from the military, you may want to transfer the risk of getting hurt and being unable to work to someone else. One way to do this is through disability insurance. Here are some basics.
The SBP decision is one of the biggest decisions a retiring military officer will need to make. Make sure that you don't ignore inflation and longevity risk.
Military spouses sacrifice as much or more for their nation as their spouse in uniform. When the military spouse is a female, she is likely to become a widow. Without proper planning her sacrifices earlier in life could be dwarfed by what she has to deal with after the military member's passing.
Military Officers have some unique life insurance needs and also some unique benefits to help meet the need. Use this four step process to help you calculate how much life insurance you need.
If you're looking after both children and aging parents, and a lot of senior and mid-grade/field grade officers are, you may be experiencing the financial problems of the "sandwich generation." Here are a few ways you can keep yourself from being overwhelmed by your role as a dual caretaker.
Often families forget to take out life insurance policies on stay-at-home parents, due to the fact that at least on paper, they are not bringing in the money necessary to cover the bills, but what many people fail to realize is the financial contribution that stay-at-home parents actually make to the household.
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