Who Needs Life Insurance?
Members of the armed services may consider their life insurance needs throughout their military career. The need for life insurance will vary depending upon your age and responsibilities. It is a very important part of financial planning. There are several reasons to purchase life insurance. You may need to replace income that would be lost with the death of a wage earner. You may want to make sure your dependents do not incur significant debt if you die. Life insurance may allow them to keep assets versus selling them to pay outstanding bills or taxes. However, it is important to remember that most military servicemembers already receive the $400,000 of life insurance coverage automatically, unless specific requests to opt out have been submitted.
If you are a servicemember that has opted out of the SGLI plan or are looking for additional life insurance above the $400,000 amount, you should consider the following factors:
————————————————–
MilitaryConnection.com, a portal of all things military, has become the “go to” site for resources, news and information that is of importance to the military audience. We have thousands of pages and hundreds of databases to keep you current on the information you need to have. With something for everyone, we take pride in providing all of our resources free to users. Additionally, we feature all types of life insurance articles like this one to keep you informed. We will post your press releases, special events, newsletters, professional conferences and seminars, reunions, job fairs, and videos to help organizations get out the word. One of the areas of our focus is connecting candidates from the military community with outstanding government and civilian employers. We are well aware that candidates from the military community across the board have a work ethic second to none. They make highly valued employees. MilitaryConnection.com has a multitude of employment resources including a Directory of over 30,000 employers, Job Tips, Columns, Virtual Job Fair and our new and improved Job Board, featuring our Virtual Marketplace where you can post free ads for items you want to buy, sell or rent , and much more. We understand the importance of education. Please check out our new Scholarship Directory featuring thousands of scholarships. When the next tour is back home, it’s on MilitaryConnection.com.