You may be able to invest your entire military life insurance payout – up to $500,000 if you received the maximum $400,000 SGLI benefit and the $ 100,000 death gratuity. You don’t need to worry about losing a
True, but that’s money you have loaned to Uncle Sam for the year instead of letting it grow. Look back at past years to see how much you end up paying and adjust accordingly so your withholdings are about as much as your final tax payment. 2. SGLI –Almost everyone signs up for ...
I would suggest either the first or second choice, for several reasons. First, people have a hard time prioritizing how much insurance (which isn’t really perceived as necessary) they can afford. Second, we’re so used to paying a very low rate for SGLI. In comparison, term life insuran...