When helping your children decide which path they will choose for their future, the military undoubtedly arises as a part of the discussion. Most parents are well aware of the educational benefits that the military offers but there are other financial benefits that make joining the military an option considered by many high school students. Here are some military benefits that you may not be aware of:
1. Life Insurance: as a parent, you’ve probably researched life insurance and know how expensive a private policy can be. The military offers life insurance to its soldiers in increments of $50,000. Insurance coverage tops out at $400,000 and that level of coverage costs a mere $27/month. Five dollars per month pays for $100,000 of life insurance for a spouse or child younger than 35. This is an exceptional value.
2. Medical care: soldiers are privy to free medical care while they are on active duty and that care extends to each member of their immediate family. Coverage includes physical therapy, supplements, medications and even corrective surgeries like Lasik. If you are paying for health insurance through your employer, you are well aware of the tremendous value of this free care.