The Survivor Benefit Plan: a cost-benefit analysis
Beatty, Scott E.
Gates, William R.
Franck, Raymond E.
MetadataShow full item record
Investing for one's future is a concern for the majority of military retirees. Service members have more choices than their civilian counterparts when planning for retirement. One alternative available to military members is the Survivor Benefit Plan (SBP), which allows retirees to provide for their family's welfare in the event of their untimely death. The purpose of this paper is to analyze the cost effectiveness of SBP in comparison to other insurance or investment options. This paper provides an overview of SBP and possible alternatives. Additionally, a mathematical model has been constructed that conducts a cost-benefit analysis of SBP and alternatives to determine the most beneficial course of action for future retirees. Our major conclusion is that SBP is the most attractive available option only if the military member expects to live for a sufficiently long period and also expects his (or her) spouse to outlive him by a significant amount. However, this result is sensitive to rate of inflation.
MBA Professional Report
Showing items related by title, author, creator and subject.
An evaluation of the application of economic analysis and cost-benefit analysis tools in the DoD environment Silva, Carlos J.C. (Monterey, California. Naval Postgraduate School, 2000-06);This thesis reviews the application of cost-benefit analysis (CBA) in the Department of Defense (DOD) and the software and automated tools used in these applications. The thesis focuses on the analytic capabilities of the ...
The evolution of the Military Health Care Benefit (MHCB): the scope of the changes and the principal drivers behind them. Heinzelman, Dwight Otto (Monterey, California. Naval Postgraduate School, 1997-03);This thesis examines the evolution of the Military Health Care Benefit (MHCB) and the principal factors that influenced its change. The Military Health Care Benefit is a critical part of the compensation package received ...
Fite, Amalie Ruth (Monterey, California: Naval Postgraduate School, 1990-12);This thesis investigates several factors associated with the current military health benefit. These included: (1) beneficiary satisfaction with military as well as civilian medical treatment facilities, (2) the number of ...