What plan provides monthly income to survivors of retired military personnel upon the member's death?

The Survivor's Benefit Plan (SBP) is designed to provide monthly income to survivors of retired military personnel when the member passes away. It is a crucial benefit for military families, ensuring continued financial support during a challenging time. Upon enrollment, the retired service member can allocate a portion of their retirement pay to fund this plan, thus allowing their surviving spouse or eligible children to receive a monthly annuity. This benefit helps ease the financial burden on families, maintaining their standard of living after the loss of the primary earner.

The other options, while related to military benefits, do not specifically provide the type of ongoing monthly income directly tied to the death of a retired military member as the SBP does. Each of those programs may have distinct purposes, such as one-time benefits or assistance in different contexts, but the key feature of the Survivor’s Benefit Plan is its focus on providing a stable, long-term financial solution for survivors.