Can somebody who knows finance explain how this is a good deal? I went to all the briefings but the folks on base remind me of a SNL skit where all the people leave a Broadway show and in zombiesque fashion claim
"i t w a s b e t t e r t h a n c a t s" or Mr Mackee from South Park telling me "Drugs are baaaaaaaaad, don't do druuuuuuuuuugs".
"Why should I get SBP?"
"Because you should get SBP!"
I'm 43, she is 47, our kids are 12 and 13. My mother is 68 my dad is 72 but they both look incredible, live on their own, they both still work, they both go to the gym, and have the energy of people 10-15 years their junior. My grandmothers both died in their 80s, and grandfathers both died earlier due to diseases which I will never catch. Short of an accident I fully expect to live at least as long if not longer than my wife, and if I have an accident, isn't that what term life insurance is for?
Is there anybody here who is smart on the numbers who can easily explain to me why I should or should not get SBP? Thanks for your help.