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SGLI & Life Insurance

Family Estate Planning For Your Disability

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Here’s our capstone post for the year: our family's estate plan. I’ve spent the last 11 months writing about the ways that our Nords family financial independence is changing. Now we’re reaching far into the future to simplify not just our lives, but our legacy for the next few generations. My spouse and I have had wills since college. … [Read more...] about Family Estate Planning For Your Disability

“I Inherited Money And Now I Can’t Blog About Financial Independence Anymore”

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  I’m finally ready to write about distributing my father’s estate. As many of you may remember, Dad passed away in November 2017 after more than nine years with Alzheimer’s Disease. For over six of those years, Dad was in a full-care facility while I handled his finances. It only took a few six months to handle his estate and finish his … [Read more...] about “I Inherited Money And Now I Can’t Blog About Financial Independence Anymore”

Will Your Retirement Plan Handle Long-Term Care Needs? How Your Genome Impacts Disability, Caregiving, And Estate Planning

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Will your retirement plan stand up to long-term care needs? Do you have an estate plan in place? These are topics that few of us want to discuss. However, they are extremely important to your family's long-term stability. Today, we’ll discuss some important considerations for your long-term financial stability— and how you can take action … [Read more...] about Will Your Retirement Plan Handle Long-Term Care Needs? How Your Genome Impacts Disability, Caregiving, And Estate Planning

Lower Life Insurance Premiums From USAA

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USAA is cutting the rates on their new life insurance policies. Let me explain why in less than 1800 2000 words-- but it’s all good. I’ve learned a lot about insurance over the last 30 years, and it’s a necessary evil. We buy it to help ourselves (and our families) recover from disasters, and we only keep it as long as we need it. Everyone … [Read more...] about Lower Life Insurance Premiums From USAA

Why You Should Strongly Consider Not Participating in the Survivor Benefit Plan

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My first book, Military In Transition's Guide to the Survivor Benefit Plan, is available on Amazon. Previously, I wrote about the Military Survivor Benefit Plan (SBP). That article’s primary purpose was to take the ambiguous information that resides on the DFAS website & consolidate it into an organized manner which you can clearly … [Read more...] about Why You Should Strongly Consider Not Participating in the Survivor Benefit Plan

Why Estate Planning Matters to You in the Military (Even if You Think it Doesn’t)

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This article was published a couple of months ago online, but I’ve made some changes specifically to point out how estate planning should matter to you throughout your military career. I was recently at a financial planning conference, when I listened to a presentation by Natalie Choate, a prominent estate planning attorney from the Boston area. … [Read more...] about Why Estate Planning Matters to You in the Military (Even if You Think it Doesn’t)

Insuring A Soldier: Life Insurance For Military Members

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Members of the Military are charged not only with protecting their country, but their families as well. A life insurance policy helps do this by providing financial stability in case of an unforeseen tragedy. However, military life insurance policies are much different from civilian policies. Civilian life insurance policies typically do not cover … [Read more...] about Insuring A Soldier: Life Insurance For Military Members

Reader Question On Veterans Group Life Insurance

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A reader writes: My ex-spouse has in the divorce decree that they're the sole beneficiary from my VGLI. Do you know if I can get another policy under the VGLI for my new family? The answer is complicated because there are so many limits on how much VGLI coverage you can have and when you can buy it. Please keep in mind that I'm not an insurance … [Read more...] about Reader Question On Veterans Group Life Insurance