Guest Post by Lauren Oliver
The Army National Guard and Army Reserves service members are on duty at state and federal levels. If there’s a problem, they are called in. While we have the benefit of some type of security, these service members also have benefits.
While most civilians will work upwards of around forty years until retirement, military service members are able to retire after just twenty years. With the service member’s retirement, the retiree is also able to receive some adequate retirement benefits. There are many Army National Guard retirement benefits, and I have included the top 5 in today’s post.
Top 5 Army National Guard Retirement Benefits:
# 1 Medical and dental benefits are available to retirees when they turn age 60 and an allowance for prescription medications is also provided. Not to mention the fact that any dependents such as a spouse and children are also granted medical benefits and a primary care physician is assigned.
# 2 Home Loans are also more attainable to retirees once they have applied to the VA (Veteran’s Administration) and are granted a certificate of eligibility. Once the retiree receives their certificate they are able to apply for a home loan through a VA- approved private lender. The loans are pretty much guaranteed and the interest rates for this type of home loan are usually at a considerably lower rate than that of a typical loan’s rate. The retiree will have the option to build a new home, repair/renovate their current home or improve the land it’s on, and they have the same option of improvement for manufactured homes as well. The real kicker is that they are guaranteed a one-year warranty from the construction/manufacturing company they use!
# 3 Veterans’ Preference is also available to retirees, and wounded or honorably discharged service members which enables them to get ahead of the competition when applying for employment to federal and other government jobs. Take that, economy!
# 4 Of course retirement pay is also available to the retiree upon retirement. Retirees can enjoy a percentage of their total monthly pay (percentage of what their pay was prior to retirement) as their pension. This area is a broad topic, but the general idea is that a service member earns points toward their retirement pay. These points are what determine the percentage that the retiree is paid.
# 5 Life insurance is available to service members, their spouses, and their children. Retirees can keep receiving their life insurance coverage that they should have automatically received when joining as an active service member. As long as the policy holder remains a member of the Army National Guard they remain eligible. And service members’ children are covered at no cost.
Once again, there are other benefits, and I have included the top 5 Army National Guard retirement benefits as I see them in rank. Other benefits that are not limited to these five include free hunting and fishing licenses (although these are now available to all senior citizens over the age of 65), discounts on shopping and traveling, and legal services. For more information there are great resources out there. If any of my information is missing something, please feel free to leave feedback in the comments section.
About the Author: Lauren is a stay at home mom currently working from home as a freelance writer. She is certified in Education with a background in education, writing, and tutoring to help students develop their educational skills. She comes from a military family and writes articles about education, military life, and personal development.