How do death benefits work differently for military families?


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How are death benefits different for military families?

I'm specifically curious to know how death benefits vary for military families compared to civilian families. Could you provide a detailed explanation that highlights the key differences, including aspects such as eligibility, types of benefits available, and any additional support services that may be offered to military families?

Dec 27, 2024 | Violet Phillips, Anchorage, Alaska
Answer
Mark Fitzpatrick
Head of Insurance, MoneyGeekUpdated December 27, 2024

"Military families have different options. There are survivor options based on how much service they've done. Service members can buy life insurance, but there's a limit to how much they can buy. If they're liable to go into combat, outside life insurance [companies] might write policies on the family, but not on the service member." Dematatis recommends that service members consult a financial advisor to help them navigate their options.

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