This is a sponsored blog post by USAA. All opinions are 100% from Wives of the Armed Forces.

Have you ever considered the economic value you add to your military family?

Your contributions as a military spouse are key to family stability. Emotionally and financially. If something were to happen to you, the effect on your family would be devastating.

So, how do you even begin to prepare for something that catastrophic? Life insurance is a critical necessity for not just military service members, but for spouses too! 

Have you heard of Family Servicemembers’ Group Life Insurance (FSGLI)? If you were married before Jan 1, 2013, you were automatically enrolled, but if you were married after that date and never set one up, that’s a great place to get started with coverage! In addition to protecting you, FSGLI, will also cover service members’ dependent children (for free!!!) 

Now the question is, if you do have FSGLI coverage, is it enough? 

How much coverage can I get with FSGLI?

Maximum coverage for you as a spouse is $100,000. Each dependent child is $10,000.

How much coverage do I need?

According to THIS article from 2023, the yearly salary equivalent for a stay-at-home parent is about $184,820, calculated based on their daily jobs and responsibilities (and it’s probably safe to assume that number has increased in the last year).

I’m not sure what I need, what should I do?

Start HERE. This guide will walk you through everything you need to consider to get started!

Ok, but I’m in my early 20s and don’t have kids, do I really need life insurance?

We’re not going to tell you what you need, but we’re going to tell you we both wish we would’ve thought about life insurance long before our children entered the chat. There are so many advantages to securing a policy early, the biggest one being a fixed premium that’s substantially lower than what you would pay later. THIS post walks you through what to take into consideration if you’re young and curious about life insurance. 

I definitely need supplemental insurance, where do I get started?

If you know you want coverage but aren’t sure what coverage you need, we recommend starting HERE. That calculator will help you narrow down your needs and fit you with the best plan to get started with!

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