Clarification SBP & DIC
I have a customer who I have guided through the IDES process and his final day in the Army will be next week. I want to make sure I give him sound advice please correct me if I'm wrong. He revieved...
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As I understand it, yes - that is fundamentally correct. See http://www.retirees.af.mil/factsheets/factsheet.asp?id=11696 When SBP is more than DIC (as it would be here), the refunded SBP premiums are...
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SUGGEST YOU BE EXTREMELY CAREFUL ABOUT THIS STUFF. I HAD TO GO THRU A SIMILAR SITUATION WITH MY MIDDLE DAUGHTER. HER HUSBAND HAD AND DIED FROM AMYLOIDOSIS WHICH WAS CAUSED BY CONTACT WITH HERBACIDES...
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Another factor here is what happens if the Congress ever passes the legislation that does away with the DIC offset. I opted in to SBP for the minimum amount to keep my foot in the door. A few years...
View ArticleRe: Clarification SBP & DIC
I MADE THE SAME DECISION THAT NICK MADE. MY WIFE WILL GET DIC PLUS MY SOCIAL SECURITY. I HAVE BEEN RETIRED SINCE 1973, SO, IN MY OPINION, I MADE THE CORRECT DECISION.
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FORGOT TO STATE THAT I,LL BE 82 ON I OCT AND LIKE MY BUDDY, AC8, I CAN STILL PUT ONE FOOT IN FRONT OF THE OTHER. I HAVE CHRONIC PAIN FROM HELL TO BREAKFAST,I STILL KEEP MOVING. I ADOPT RESIDENT,S AT A...
View ArticleRe: Clarification SBP & DIC
I hate to throw a monkey wrench in the works, however HERE is a great SBP/DIC fact sheet and it explains better than I can the SSIA angle.
View ArticleRe: Clarification SBP & DIC
nickfuhs wrote:Another factor here is what happens if the Congress ever passes the legislation that does away with the DIC offset. I opted in to SBP for the minimum amount to keep my foot in the door....
View ArticleRe: Clarification SBP & DIC
Good option for your 60+ customer if his life expectancy is short, though. Does conversion need proof of good health or no?
View ArticleRe: Clarification SBP & DIC
I retired in 1974 after length of service, took SBP at full rate, do not have the cost figures for 74, but cost to me in 1978 was $78.67 a month. By 2005, it was costing 181.41 a month. After...
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No proof of health is required. I am going to take VGLI for a few years at least in case I fall over in the next seven years. After that I go in the >50 category and the prices get high in my...
View ArticleRe: Clarification SBP & DIC
There is also a possibility of converting VGLI to whole life but the premiums may be excessive . I do not believe proof of health is required. Seems like there could be better info on these options as...
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The remarriage rule (actually a result of a court decision) which requires a widow to remarry after reaching age 57 in order to receive full SBP payments when receiving DIC is one of the most...
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