what is sbp
The Survivor Benefit Plan (SBP) is a monthly benefit paid to the designated beneficiary of a retired servicemember who has passed away. Retired pay stops with the death of the servicemember, therefore SBP is one way to ensure a continued financial benefit for a servicemember's survivor.he cost for spouse-only SBP coverage is 6.5% of your base amount. The premiums will be automatically deducted by DFAS from your monthly retirement check. There are additional costs for children. You can use the formula from the Office of the Actuary to determine real costs.