Survivor Benefit Plan
The Survivor Benefit Plan is a program the Defense Department sponsors and subsidizes that provides up to 55 percent of a service member’s retired pay to an eligible beneficiary after the member dies. The program provides no-cost automatic coverage to active-duty members and to reserve members who die of a service-connected cause while performing inactive-duty training. In addition, those on active duty can purchase coverage upon retirement, and reserve members can receive coverage when they have 20 years of qualifying service for reserve retirement pay.
Need information about the repeal of the SBP-DIC offset? Please see:
SBP-DIC Offset Phased Elimination News.