GPM Life has long served the military community with a wide range of Life Insurance and Annuity products designed specifically for the unique needs of the military family as they transition from military life to civilian life.
Common needs for Life Insurance and Annuity products by military retirees include the providing of cash and income at the death of an insured military retiree or retiree spouse, cash accumulation for retirement, and other living needs.
Four specific areas are unique to the military market and require special attention.
- Life Insurance alternatives for group term coverage starting at separation from the military and;
- Life Insurance coverage for the retiree's family…in particular due to family educational needs and housing changes;
- Life Insurance alternatives for the Survivor Benefit Plan (SBP) in order to provide survivor income to surviving spouses of military retirees who had the foresight to decline SBP coverage during the enrollment or disenrollment period.
- Thrift Savings Plan (TSP) Rollover
GPM Life's expertise in the Military Market extends to premium collection, where GPM Life has extensive allotment administration experience.
A Retired Military Benefit analysis program is included in GPM Life's Benefit Coordination computer software. Active agents may order a sample presentation of these benefits from GPM Life.