The Survivor Benefit Plan (SBP) provides financial support to eligible dependents after the passing of an active-duty servicemember or Veteran. Recent legislation in the 2023 National Defense Authorization Act provides military retirees who initially opted out of the SBP, with a second chance to enroll. Open enrollment runs now through January 1, 2024, and is available to retirees who currently receive retirement pay, or to those who are eligible, but are not yet 60 years old. Please note that open enrollment is not available to those who have made an SBP election and want to change it. It is only for those eligible members who were NOT enrolled in SBP as of December 22, 2022.
Please see the latest guidance from the Defense Finance and Accounting Service on open enrollment, below. If you have questions about your finances, connect with an AAFMAA Wealth Management & Trust (AWM&T) Relationship Manager to clarify your strategy.
To elect enrollment in the Survivor Benefit Plan, please follow these guidelines from the Defense Finance and Accounting Service (DFAS). Please keep in mind that this information may change; defer to the DFAS website for the most up-to-date details.
Fax to: 800-469-6559
Mail to:
Defense Finance and Accounting Service
U.S. Military Retired Pay
8899 E 56th Street
Indianapolis IN 46249-1200
To connect with an AAFMAA Wealth Management & Trust Relationship Manager to map out your financial future, contact us today, or give us a call at 910-307-3500. To learn more about the Survivor Benefit Program, please visit the official SBP page from the Department of Defense.
Founded in 2012, AAFMAA Wealth Management & Trust LLC (AWM&T) was created to meet the distinct financial needs of military families. We proudly deliver experienced, trustworthy financial planning, investment management, and trust administration services – all designed to promote lasting security and independence.
We are proud to share the mission, vision, and values of Armed Forces Mutual, our parent company. We consistently build on the Association’s rich history and tradition to provide our Members with a source of compassion, trust, and protection. At AWM&T, we are committed to serving as your trusted fiduciary, always putting your best interests first. Through Armed Forces Mutual's legacy and our financial guidance, we provide personalized wealth management solutions to military families across generations.