The needs for military members’ estate plans are distinct, especially when they are deployed. It is essential for them to be provided with access to special benefits and resources. Military personnel have access to low-cost term life insurance and legal assistance on base. They also need to keep their beneficiary information updated and make any survivor decisions for their pension. Other survivor benefits exist, such as SGLI death benefits, and military members should consider these benefits when planning their estate.
See Kimberly Lankford, Estate Planning for Military Families, Kiplinger, May 27, 2016.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.
