Read below to find out about pay rates, different types of pay, allowances and more that financial benefits offered for the United States Military.
Allowances are the second most important element of military pay. Allowances are moneys provided for specific needs, such as food or housing.
Insurance & Retirement
Military Reserve Component Retirement Pay
If you are a U.S. Reserve or National Guard member, you must meet the following minimum requirements to be eligible for retired pay at age 60
Servicemembers Group Life Insurance (SGLI)
Servicemembers Group Life Insurance is the life insurance provided to those who serve in the military.
Family Servicemembers Group Life Insurance (FSGLI)
Family Servicemembers' Group Life Insurance is a program extended to the spouses and dependent children of members insured under the SGLI program.
Veterans Group Life Insurance (VGLI)
Veterans Group Life Insurance (VGLI) is a program of post-separation insurance which allows Servicemembers to convert their SGLI coverage to renewable term insurance.
TRICARE The Department of Defense provides excellent and affordable health care for members of all U.S. Military branches.
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With federal budget cuts and an uncertain economy, it's always wise for military families to keep a close eye on their personal finance decisions.
Military Spouse Top Ten Ways to Make Money From Home
As a military spouse you are faced with unique situations that may make it difficult to have a job with a set location or set daily hours.
4 Tips on How to Improve Your Credit Worthiness
We know it's tough to navigate the complexities of money management, especially when it comes to developing, maintaining, and repairing your credit.