Survivor Benefit Plan
This handout explains the Survivor Benefit Plan [SBP], which is an annuity paid to the surviving spouse or family member of a deceased service member. It operates somewhat like life insurance. An active duty servicemember must participate in the program unless their spouse gives consent. The handout also describes how SBP is affected by divorce.
This handout was prepared by Mark Sullivan for the LAMP Committee of the North Carolina Bar Association.