Originally Posted by
Hilltopper89
I'd make a small but significant correction....SBP is better if you die tomorrow. Term is better if you die in 20 years. SBP is better if you die in 20 years and 1 day. The biggest factor with term that lasts til your 71 is that if you die at 72 your wife gets nothing. With SBP if she outlives you by 3ish years your wife is getting back more than you ever put in. If she outlives you by 20 years like my grandma did my grandpa SBP is a far, far, far better deal. To me it was a no brainier for peace of mind. $225 a month isn't that much.
Also a good point and very true.
My perspective is that if I haven't saved enough money by then to support my wife through her golden years then I have failed. I know, I know, this is a turbulent industry and I am playing with fire, but I would rather put that 225 into a 401K and watch it grow. I am not going to do SBP and term life because it would be a foolish use of my money that I could be saving for retirement. I have to choose one or the other and I am going to stick with term life. It is a 30 year term, which carries me out to 71. That should be long after I quit flying and I plan on squirreling away my pennies, especially after the kids are grown and gone, which also should coincide with my prime earning years.