Mutually Speaking
The Survivor Benefit Plan and a Disabled Child Beneficiary
The Survivor Benefit Plan (SBP) provides a monthly income annuity to named beneficiaries after a servicemember or retiree passes away. It is offered to all active duty servicemembers free of charge, but retirees must opt in to SBP before they leave active duty for coverage to continue into retirement. Retirees must pay a monthly premium…
Categories:
Annuities: Fact vs. Fiction
Annuities have long been used as a strategy to round out an individual’s retirement...
A Memorial Day Message
Dear Navy Mutual Members, While Memorial Day originated as “Decoration Day,” for most of...
Understanding Your Life Insurance Policy
Servicemembers and veterans who buy life insurance outside of what is offered by...
What Is the Veterans Pension Program?
The Veterans Pension program is a benefit offered by the Department of Veterans Affairs...
How Does Military Life Insurance Work?
One of the key benefits provided to active duty servicemembers upon joining the military...
Understanding Noncompetitive Hiring Authority for Military Spouses
Military spouses face many challenges, from having to manage family finances and...