![]() The percentage depends upon whether the member chooses full or reduced coverage at the time of election (generally at retirement or at 20-year qualification). The amount of the SBP benefit is a percentage of retired pay. The recipient of an SBP annuity is referred to as the annuitant. ![]() ![]() SBP provides eligible beneficiaries with a monthly payment known as an annuity. The Survivor Benefit Plan (SBP) provides financial support to military spouses and/or children when a military member dies while on duty or after retirement. ![]()
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