Military servicemembers are automatically enrolled in the military Survivor Benefit Plan. Your Survivor Benefit Plan (SBP) provides a pension to your military family.
Before they were famous, many truly influential men and women started by serving their country in the US military or grew up in military families.

The Military Survivor Benefit Plan Protects Your Military Family

Posted:

Military servicemembers are automatically enrolled in the military Survivor Benefit Plan. Your Survivor Benefit Plan (SBP) provides a pension to your military family based on a predetermined amount of your military retired pay.
Military service members with a spouse or children are automatically enrolled in SBP with maximum coverage.

FAMILY MEMBERS ENTITLED TO SURVIVOR BENEFIT PLAN

If you are a military service member who remarries and wants spouse only or spouse and SBP child coverage, your spouse coverage is resumed on the first anniversary date of remarriage, or when a child is born as legal issue of the marriage, unless you elect to withdraw coverage.

INCREASING SURVIVOR BENEFIT PLAN COVERAGE

Military service members may increase Survivor Benefit Plan coverage (base amount) up to and including your full retired pay. If you select this option, you must pay the difference between the Survivor Benefit Plan standard and increased costs, including interest.

WITHDRAWING SBP COVERAGE

As a military service member, if you decide to discontinue the spouse portion of your Survivor Benefit Plan coverage before the date your spouse becomes an eligible beneficiary, written notification must be received to confirm the stopped-coverage.

The period of time in which a military retiree can withdraw from SBP is from 25-36 months following retirement. Withdrawal from SBP must be done on DD Form 2656-2. To withdraw SBP spouse coverage, the spouse must agree in writing, and RSO/RAO or a Notary must witness the spouse's signature. Once a retiree withdraws, the Survivor Benefit Plan cannot be elected again in the future.

SURVIVOR BENEFIT PLAN FOR CHILDREN

Survivor Benefit Plan coverage for children in your military family may be elected if the children are under 18 at the time of your military retirement; between 18-22 years old and attending school on a full-time basis; or have a disability that renders them unable to support themselves.

SUPPLEMENTAL SURVIVOR BENEFIT PLAN

Military retirees who elect basic Survivor Benefit Plan at the maximum level for a spouse or former spouse may purchase additional, supplemental coverage to increase the survivor benefit after age 62 by 5 percent, 10 percent, 15 percent, or 20 percent of retired pay. Contact your military SBP counselor for more information.



RELATED ARTICLES:


Sponsor:

VA Loans for Veterans
Complimentary VA loan pre-approvals will give you the comfort you need to shop for your home with confidence. VA refinance loans available.


VA Home Loans

Military Hub is not a government website and is not affilitated with any branch of the U.S. Military.


Support Our Troops:

Semper Fi Fund
The Semper Fi Fund provides financial assistance and support to service members and their families.
IAVA - Iraq and Afghanistan Veterans of America
IAVA is the nation's largest nonprofit, nonpartisan organization representing veterans and their families.
Team Rubicon
Team Rubicon unites the skills and experiences of military veterans with first responders.
Pat Tillman Foundation
The Pat Tillman Foundation invests in military veterans and their spouses through educational scholarships.

About Military Hub
Privacy Policy
Contact / Advertise

Copyright © 2008 - 2017
Advertise Military, LLC
All Rights Reserved

Disclaimer: MilitaryHub.com and MilitaryRates.com are private websites that are not affiliated with the U.S. Department of Veteran Affairs, any U.S. government agencies, or any U.S. military branches. Our sites contain basic information about veteran benefits, pay tables, current events, and news for active duty military personnel, military veterans, and their families. You can find additional information on these topics at the official website for U.S. Department of Veteran Affairs.