Insurance and Disability Planning

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

 

4.1 Life Insurance

With life insurance planning, the first question is always, “How

much is enough?”

Girl piggyback on another girl

Many people start thinking about life insurance when they marry

and have children. But, even if you aren’t married, you may have

someone else, such as a parent or sibling, who depends on you

for financial support.

The longer your dependents need support the greater your need

for coverage.

 

 

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