Insurance and Disability Planning - National Guard Family Program

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

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. Insurance and Disability Planning – Introduction

What would happen to your goals and your family’s financial security if you were to die or were disabled and no longer able to work?

With adequate insurance planning, major lifestyle changes due to a lack of income should not be necessary.

To ensure that you can continue to meet your goals if a catastrophe occurs, you should properly plan for your life insurance needs and disability insurance needs.