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What is the difference between DIC and SBP?

April 26, 2017dic difference sbp

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What is the difference between DIC and SBP?

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Dependents Indemnity Compensation (DIC) is an entitlement benefit paid to eligible survivors (Spouse, unmarried child) of certain deceased service members and veterans. The DIC benefit is managed by the Department of Veterans Affairs and is dispersed to surviving family members that meet specific criteria. For further details, please visit : http://www.vba.va.gov/bln/dependents/dic.doc The Survivor Benefit Program (SBP) is voluntary annuity program offered for purchase to service members as a retirement benefit for family members. This program is managed by the Department of Defense (not the Department of Veterans Affairs). As noted, participation in this program is voluntary and not all service members opt to participate.