Thread: To SBP or not SBP?

  #17  
Sputnik , 08-20-2008 08:54 AM
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Sputnik
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Quote: I agree with gabby Nigel Tufnel. Look at AAFMAA for some really decent 20 year Level 2 term rates and buy it while you're young. I did not do the SBP and have plenty of insurance that will cover my family over the next 20 years at a fraction of the SBP costs and the cash will be available to them immediately. Just a thought.

DD

I love AAFMAA and have max coverage. My only problem with that is that it expires. I bought it long enought ago that I've forgotten the particulars but I thought it started winding down in my 50's, going to 0 in about 10 years. What I like about SBP is that it doesn't expire, no matter how old either one of us is.

Anyone know anything about AAFMAA by the way? I kind of feel like it's a little too good to be true and really do wonder if they'll actually pay out. My rigorous pre-investment analysis consisted of noticing their ad in AF Times, and their cheap rates.
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