Choosing military life insurance starts by determining the right amount of life insurance coverage you need - an amount to adequately replace your military net monthly income - and then, finding right insurance provider.
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.

Military Life Insurance

MILITARY INSURANCE PLANS
Tips to Choose Your Military Life Insurance

Getting military life insurance need not be a tough task.

Choosing military life insurance starts by determining the right amount of life insurance coverage you need - an amount to adequately replace your military net monthly income - and then, finding right insurance provider.

Here are a few tips to keep in mind when comparing military life insurance plans:

  • Life insurance is a big decision; don't rush into it. On the other hand, don't avoid it; life insurance is important protection for your military family.
  • When you purchase your military life policy, make your check payable to the insurance company and not to the agent.
  • After you have purchased your military life insurance policy, you may have a 10-day "free-look" period in which you can change your mind. Make certain all your questions are answered to your satisfaction.
  • If an agent or company contacts you and wants you to cancel your current policy to buy a new one, contact your original agent or company before making any decisions. Canceling your policy could be very costly.
  • Term life insurance policies can provide military families with the most coverage for the smallest premium and are especially appropriate for young families. See our section on Term vs. Whole Life insurance to compare.
  • Periodically review your life insurance plan, particularly before a military deployment or any time your financial responsibilities undergo a significant change.
  • Discuss and agree on your insurance plans with your spouse

You can design your life insurance policy so that it can also pay off your family home, car, or other large bills at the time of your death. You can even consider choosing life insurance to cover future expenses such as college; the right life insurance policy can ensure that all your children get a college education, even if you can't be there to provide the income needed.

Every military family has different needs, and the choice is yours - but you don't have to make it alone. If you need to, work with a financial planner or advisor to help you make this important decision, for the life of your family.



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.