The choice to follow a military career puts you in an elite class of individuals. It also makes you unique. Not only will you be serving your country, but you also have the opportunity to travel, learn new skills and expand your horizons. As you continue to advance, you will likely make more deployments as well as making more money. Face it, military service means you will go into harms way. Take the steps you need to now to protect your loved ones.
Steps to Take Financially Now
Beef-up your investment contributions – TSP, Roth IRA or Traditional IRA Maximize your tax-deferred options first - this will give you the side benefit of lowering your federal taxes Update your Spending Plan – Consider what to do with your raise Pay-down debts – start with high interest rate credit cards or loans Review your life insurance plans – now that your lifestyle has changed, your family needs are likely higher then before
Why You Need More Life Insurance
Your family’s needs change as your income increase
Protect your loved ones from the financial consequences of your death
You need an insurance plan that will stay with you no matter where you deploy or what your service specialty
Life Insurance is designed to protect the financial security of your loved ones when you pass away. It is there to make up the difference between what your family needs and what they have available. If no one is dependent on you financially – then you may not need life insurance.
Which Insurance is Right for You
Term Life Insurance
Low cost protection for a fixed period of time
Premiums guaranteed never to increase
Maximum insurance for the lowest cost
Best Choice: for those looking for the highest amount of life insurance possible while keeping premiums very low.
“[Navy Mutual staff] displayed the personal initiative and caring for my problem in a way that demonstrated the ‘gold standard’ for customer service that NMAA has aspired to over the years.” Wallace Guthrie – Member
