Insurance and Disability Planning

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

4.4 Disability Protection and Incapacitation Pay –

continued

Power of Attorney

You also need to think about who will manage your assets if you become

incapacitated and can no longer handle this responsibility yourself.

A power of attorney may be a good solution. With a power of attorney,

you choose someone to make financial decisions for you if you are unable

to do so yourself.