If you are enrolled you will pay premiums for your SBP coverage. In addition you can only leave an annuity to eligible beneficiaries. Election to participate in these programs is generally made at the time of retirement, although some situations allow a retiree to add coverage after retirement.
How do I update my survivor benefit plan?
How to Update Your SBP Beneficiary Designations. To change or update your SBP beneficiary designation, please complete a Survivor Benefit Plan Election Change Certificate (DD 2656-6). Please only send copies of documents. Do not send the originals.
How do I claim SBP benefits?
A completed DD Form DD 2656-7, Application For Annuity Under The Serviceman's Family Protection Plan and/or Survivor Benefit Plan (SBP) must be submitted. A SF 1199A, Direct Deposit form from the annuitant's financial institution must be submitted. A copy of the final Death Certificate must be submitted.
How do I file an SBP?
A completed DD Form DD 2656-7, Application For Annuity Under The Serviceman's Family Protection Plan and/or Survivor Benefit Plan (SBP) must be submitted. A SF 1199A, Direct Deposit form from the annuitant's financial institution must be submitted. A copy of the final Death Certificate must be submitted.
Where do I send my DD Form 2656?
The DD Form 2656-1, "Survivor Benefit Plan (SBP) Election Statement for Former Spouse Coverage," must also be completed and accompany the completed DD Form 2656 to DFAS - Cleveland.
How do I stop military SBP payments?
If you have elected NIP SBP coverage, you may terminate it at any time by requesting it in writing. There is no requirement for concurrence by the beneficiary. No refund of previous premiums paid will be made.
Who can witness DD Form 2656?
and 27. a., must obtain the spouse's concurrence in Section XII. A Notary Public must be the witness. In addition, the witness cannot be named beneficiary in Section V, VIII, or IX.
How do I get rid of SBP after divorce?
Special situations (divorce, etc.) To convert your SBP election to former spouse coverage you must notify DFAS in writing within one year of your divorce. Do this by submitting DD Form 2656-1 requesting the conversion of spouse coverage to former spouse coverage.
Where do I send my DD Form 2891?
Deductions are to be forwarded to. Defense Finance and Accounting Service, DFAS-CL, SBP and RSFPP Remittance, P.O. Box 979013, St. Louis, MO 63197-9013.
What is a DD 2656-1?
DD Form 2656-1, SBP Election Statement for Former Spouse Coverage, April 2024. Page 1. SECTION III - CERTIFICATIONS - RETIRED AND RETIRING MEMBERS AND FORMER SPOUSES. SECTION II - RETIRED AND RETIRING MEMBERS. SECTION I - ELECTION OF COVERAGE - RETIRED MEMBERS ONLY.
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