012 The Military's Survivor's Benefit Program (SBP): Why You Must Opt-Out

The military loves to gloss over the important things when it comes to pay and benefits, especially when it affects your bottom line. Indeed it goes beyond that and makes it more difficult to opt-in or opt-out for programs that are in your best interest, while automatically putting you in or out based on what's best for the government. (Hint: if the government makes it hard to get out of something, you probably should get out!) The Survivor's Benefit Program (SBP) is no different. In this week's episode we talk about what the actual benefit of participating in the SBP is in dollar terms, and compare that to how much it will cost you in premiums. In most cases it turns out you'll barely break even, and in many cases can lose tens of thousands of dollars with SBP. But in true Military Wealth Coach fashion we take it a step further and discuss two options for protecting your family financially and also guaranteeing you profit off the plan. Learn about the value you can get from opting-out of the SBP and investing the savings -- or how much you could potentially gain if you use the SBP savings to buy life insurance. Now we're talking hundreds of thousands of dollars in lifetime value . . . This show kicks off a month of programs in September dedicated to demystifying military retirement programs and plans, and to giving you the key insights that will help you make decisions on what to do instead to create more wealth for you and your family. Don't miss an episode: subscribe today on Apple or Spotify today, and opt-in to our weekly newsletter by signing up HERE! Time is almost up to pre-order our mini-course, "Financial Freedom in the Military" and get FREE access to the course when it launches!!! Sign up here: https://www.militarywealthcoach.com/joinus For a complete library of our episodes, blog posts, and more, visit www.militarywealthcoach.com, and follow us on all the socials by searching for Military Wealth Coach or @mwc112358.