National Guard Family Program
Soldier with child riding piggyback Introduction to Personal Finance
An Overview for State Family Program Directors, Wing Family Program Coordinators, and Families.
 

Introduction

Evaluating Your Situation

Budgeting & Debt Management

Goals & Plans

Insurance & Disability Planning

Investment Planning

Education Planning

Retirement Planning

Estate Planning

 

 

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INSURANCE AND DISABILITY PLANNING

 

4.

Introduction

 

4.1

Life Insurance

4.2

Service Member's Group Life Insurance (SGLI)

4.3

National Guard Association of the US (NGAUS) Insurance Trust

4.4

Disability Protection and Incapacitation Pay

4.5

Healthcare Provisions (Tricare)

4.6

Learning Check

 

4.4 Disability Protection and Incapacitation Pay - continued

Incapacitation Pay

A member of the National Guard may be entitled to incapacitation pay if physically disabled as a result of an injury, illness or disease incurred in the line of duty, while traveling directly to or from such training or while remaining overnight, immediately before the commencement of inactive duty training or funeral honors duty, or while remaining overnight between successive periods of inactive duty training.

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