Since September is National Life Insurance Awareness Month, now’s a good time to think about how you’ll protect your family after your SGLI runs out. When you’re a military member transitioning out of the Army, Air Force, Navy, Marines or Coast Guard, your SGLI ends 120 days after you leave the military.
According to a recent study*, 1 in 3 households would have immediate trouble paying their everyday living expenses if the primary wage earner died. Don’t risk leaving your loved ones unprotected for even a few weeks. Start doing your homework today.
If you’re uncertain about what kind or how much insurance to buy, you’re not alone. Four out of 10 Americans have the same problem. But as a member of the U.S. military, you have USBA to help you find the life insurance protection you need at a cost you can afford.
Use this calculator to estimate how much coverage you should buy. Then find a plan to fit your situation and budget. You can even apply online. And if you have any questions about buying life insurance, please call us at 1-800-297-9235 to talk with a friendly USBA representative.
Don’t wait because you’re worried about cost. Fitting life insurance into your civilian budget is probably easier than you think. Most people overestimate the price of life insurance by about 2 1/2 times. To help put the actual cost in perspective, check out these 10 everyday things that cost more than term life insurance.
*2016 Insurance Barometer Study by Life Happens and LIMRA