If something were to happen to you today, is your family protected? When we first started serving, it was relatively simple to provide financial security for our loved ones. The $400,000 life insurance coverage we received through SGLI most likely met all of our needs. Not only do rising prices make life increasingly expensive, but, as life’s circumstances change – we marry, buy a house, have children, and perhaps need to care for others – we have greater responsibilities and a need for better financial protection.
Protecting your assets through insurance is one of the three critical components in a strategy to achieve financial security. The other two are budgeting and investing for the future. Everyone should consider some form of life insurance. Unfortunately, many people find insurance confusing and are suspect of recommendations to buy it. Read more on why life insurance, a topic that many people find uncomfortable to broach, can actually be extremely empowering.
Part of the 2017 insurance guide that Military Times published this week included a breakdown and comparison of different life insurance offerings. Active Duty servicemembers and veterans of the United States military have multiple options for coverage, and, as AAFMAA COO Mike Meese told narrowing them down and selecting the best one does not have to be a painful process.