Scott Tucker and Mike Seabolt discuss strategic alternatives to the Survivor Benefit Plan (SBP) for military retirees. Learn the key differences between SBP and private market insurance solutions, including the flexibility and potential returns offered by indexed universal life (IUL) policies. They dive deep into the numbers, explore various funding scenarios, and explain how these strategies can provide better control and overall value. Access free resources, including the 'Don't Forget Your War Chest' book, and discover tools for calculating your best retirement strategy. Join the conversation as Scott and Mike help you make informed decisions for your financial future.
00:00 Introduction and Welcome
00:28 Understanding Military Retirement and SBP
01:33 Private Market Alternatives to SBP
02:50 Calculating the Numbers
03:18 Free Resources and Tools
03:32 Case Study: Military Retirement Calculator
04:33 Comparing SBP and Private Insurance
06:39 Permanent vs. Term Insurance
09:05 Insurance Illustration and Benefits
14:19 Funding Strategies and Flexibility
26:21 Conclusion and Next Steps