Survivor Benefits Archive

Showing 1 - 5 of 35 articles

Survivor Benefit Plan FAQs

SBP is a complicated program and their are numerous related questions. To make easier to find the answers you are looking for we have broken them up into sections or topic areas: General Questions Questions About Death, Divorce, and Remarriage Election Options Election Changes SBP Premiums Tax Implications USFSPA General Questions About the Survivor Benefit Plan Question 1. Upon my death how does my s... more

Dependency and Indemnity Compensation

Dependency and Indemnity Compensation is a monthly benefit paid to eligible survivors of certain deceased veterans. The following is a summary of this important benefit: Eligible Survivors 2012 Monthly Rates 2012 Additional Allowances The Application Process Eligible Survivors: DIC is a monthly benefit paid to eligible survivors of the following: Military service member who died while on active duty, OR Ve... more

Veteran's Death Pension

The VA Death Pension is a benefit paid to eligible dependents of deceased wartime veterans. The following is a summary of the pension: Eligibility The 2009-2011 Payment Amount The Application Process VA Death Pension Eligibility You may be eligible if: the deceased veteran was discharged from service under other than dishonorable conditions, AND he or she served 90 days or more of active duty with at least 1 d... more

SBP Open Season FAQs

Congress has set a one-year open enrollment period (October 2005 to September 30, 2006) to allow retirees to enroll in the Survivor Benefit Plan (SBP) or increase their participation. Congress set the open season after eliminating the SBP social security offset that reduced SBP coverage from 55% of the base amount elected to 35% of the base amount at age 62. The new plan provides 55% benefit regardless of the age of the annuitant. If you consi... more

Survivor Benefit Plan for Reserve Component

When a retirement eligible Guardsman or Reservist dies their retirement pay stops. This means that the surviving spouse will be left without a substantial income source. If you are a retiree you need to give serious thought to how you can protect your spouse from the hardships caused by the loss your retirement pay. One option available to you is the Survivor Benefit Plan. The SBP is an insurance plan that will pay your surviving spouse a mon... more

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