Military SBP Calculator
Calculate your Survivor Benefit Plan costs and benefits. Compare the 6.5% premium against the 55% survivor annuity, factor in DIC offsets, and evaluate alternative life insurance options.
Military Retired Pay
Ages & Life Expectancy
DIC Offset
Dependency and Indemnity Compensation ($1,613/month) offsets SBP if death is service-connected.
SBP Value Score
SBP provides excellent value for your situation. The survivor annuity significantly outweighs the premium costs with strong inflation protection.
Monthly Premium
$228
Survivor Annuity
$1,925
Monthly Premium
$228
6.5% of base amount
Survivor Annuity
$1,925
55% of base amount
Total Premiums
$150,284
over 35 years
Net SBP Value
+$263,474
break-even in 3 yrs
Cumulative Premiums vs. Survivor Benefits
How total premiums paid compare to potential survivor benefits over time
SBP vs. Alternative Life Insurance
Comparing SBP with a $500,000 term life policy
SBP Total Cost
$150,284
$228/month with COLA
Term Life Total Cost
$63,000
$150/month level premium
Personalized Insights
Actionable recommendations based on your numbers
SBP net value: +$263,474
Your spouse would receive $413,758 in total survivor benefits against $150,284 in premiums paid. SBP provides a strong return on your investment.
Break-even in 3 years of survivor benefits
Your spouse would need to collect SBP benefits for 3 years to recover all premiums paid. This is a reasonable payback period.
DIC offset not applied
If your death is service-connected, your spouse may qualify for DIC ($1,613/month), which would offset SBP benefits. The SBP premium refund (SSIA) was eliminated, but partial offsets may still apply.
COLA increases benefits 2.5% annually
SBP benefits are adjusted for inflation. After 20 years, the annual survivor benefit would grow from $23,100 to $37,852. This inflation protection is a key advantage over term life insurance.
SBP costs 6.5% of your retired pay
Your monthly SBP premium of $228 represents 6.5% of your $3,500 monthly retired pay. After 360 premium payments (30 years) or age 70, your SBP premiums stop but coverage continues.
Term life costs $87,284 less than SBP
Term life insurance ($63,000) costs less than SBP ($150,284), but remember: term life provides a lump sum that can be depleted, while SBP provides guaranteed monthly income for your spouse's lifetime with COLA.
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