Yes. If a timely election for former-spouse coverage is not made, the SBP is lost absent an application to the appropriate Board for Correction of Military Records. Additionally, if a former spouse remarries before age 55, former spouse SBP coverage is suspended. Coverage may be restored if that marriage is annulled or ends in divorce or death. SBP may also be lost if the divorce decree does not specifically require an election for former spouse SBP coverage.