Survivor Benefits
Provides up to 55% of retired pay to eligible survivors
Sbp
Name
Survivor Benefit Plan
Description
Provides up to 55% of retired pay to eligible survivors
Cost
6.5% of gross retired pay
Note
Must elect during retirement processing — irrevocable after 1 year
Dic
Name
Dependency and Indemnity Compensation
Statute
38 U.S.C. § 1310
Amount
$1,612.74/month base rate (2024) + supplements for dependent children
Eligibility
Surviving spouse of servicemember/veteran who died from service-connected condition or during active duty
Sgli
Name
Servicemembers' Group Life Insurance
Max Coverage
$500,000
Conversion
VGLI (Veterans' Group Life Insurance) — convert within 240 days of separation