Military service can shape many aspects of life, including how families approach their finances. When service members transition into civilian life, they may need to reconsider insurance coverage, financial goals, income protection, and plans for the future. Having a financial planner who understands these circumstances can make the planning process more relevant to their needs.

GLB Financial Services provides comprehensive financial planning alongside life insurance, disability insurance, SGLI conversion, and other coverage options. Founder Gary Loten-Beckford also brings firsthand military experience to his work as a Combat Veteran and Retired Army Officer. 

This article explores how GLB Financial Services approaches personalized financial planning and the services available to help clients work toward their goals.

SGLI Conversion as Part of Post-Military Financial Planning

Servicemembers' Group Life Insurance provides coverage during military service, but veterans may need to consider their options after leaving the service. GLB Financial Services specifically offers Service Group Life Insurance conversion for discharged veterans.

The firm explains that veterans have 120 days to convert their group coverage to an individual, cash-value permanent insurance policy without a medical exam. Spouses may also have the option to convert their group coverage to an individual, cash-value permanent insurance policy without a medical exam.

This makes SGLI conversion an important consideration for veterans approaching or completing their transition from military service. Reviewing available options within the applicable timeframe can help veterans understand what may be available for continued life insurance coverage.

SGLI conversion is one part of a broader financial plan. Other considerations may include income protection, life insurance needs, family priorities, and long-term financial goals.

A Financial Planner With Military Experience

Personalization starts with understanding the person behind the financial goals. For members of the military community, that can include experiences and considerations that are different from those of civilian households.

Gary Loten-Beckford started his practice as an independent insurance broker-agent after completing a 29-year military career. GLB Financial Services also highlights his background as a Combat Veteran and Retired Army Officer.

That experience is an important part of GLB Financial Services' approach. Military service can involve distinct career paths, transitions, benefits, and financial considerations. Having a financial planner with firsthand experience in that environment can provide relevant context when discussing financial goals and insurance needs.

A Personalized Approach to Life Insurance Analysis

GLB Financial Services offers a Life Insurance Analysis as part of its services. The process is structured around understanding a client's goals and objectives before considering appropriate products and strategies.

The process includes four key stages:

  • Analyze: The initial conversation focuses on understanding financial goals and objectives.
  • Recommend: The financial professional reviews the client's overall financial picture and identifies potential gaps.
  • Purchase: When a client is satisfied with the recommendations, GLB Financial Services works with them to secure selected products and services. A medical exam may be required.
  • Review: Strategies can be reviewed over time to determine whether they continue to meet the client's goals.

Comprehensive Financial Planning for Short- and Long-Term Goals

Life insurance is only one part of GLB Financial Services' broader offerings. The firm also provides comprehensive financial planning designed to help clients take control of their financial situation and work toward short-, mid-, and long-term goals.

A comprehensive financial plan can bring multiple priorities into one larger picture. Depending on the individual, those priorities may include protecting loved ones, preparing for the future, managing income protection needs, or working toward long-term financial objectives.

The planning process begins with understanding where a client is today and what they want to accomplish. From there, financial planning can provide a structured way to consider the strategies and products that may fit those goals.

Life and Disability Insurance Options

GLB Financial Services provides several types of insurance that can form part of a broader financial plan. Its insurance services include:

  • Life insurance
  • Final expense life insurance
  • Juvenile life policies
  • Disability insurance
  • SGLI conversion
  • Accidental Death & Dismemberment insurance

Each type of coverage serves a different purpose. Life insurance can provide a benefit to designated beneficiaries, while final expense insurance is intended to help cover expenses associated with burial and other final costs. Disability insurance can replace a portion of earned income when illness or injury prevents someone from working.

Juvenile life policies and AD&D insurance address other specific financial protection needs. The appropriate coverage depends on the individual's circumstances, existing protection, and financial goals.

Financial Planning Built Around an Intentional Lifestyle

GLB Financial Services places an emphasis on financial literacy, financial planning, and setting goals that support an intentional lifestyle.

That philosophy puts the focus on more than individual financial products. A financial plan can provide a framework for connecting financial decisions with broader personal priorities.

For a military family, those priorities may change during different stages of service and civilian life. A transition out of the military can bring new considerations, while marriage, children, career changes, and future planning can create additional financial goals.

Personalized financial planning allows those circumstances to be considered as part of the larger picture.

Creating a Financial Plan Around Your Goals

Personalized financial planning starts with understanding what matters to you. Rather than beginning with a predetermined product, the process can start with your financial situation, objectives, and priorities.

For veterans, that may include reviewing SGLI conversion options and considering other forms of life insurance or income protection. For families, it may involve looking at long-term financial goals and determining how different types of coverage fit into a broader plan.

GLB Financial Services brings these areas together through comprehensive financial planning and insurance services. Its approach combines financial literacy, goal setting, insurance analysis, and ongoing reviews to help clients create a plan suited to their circumstances.

Building a More Intentional Financial Future

Financial planning is not a one-size-fits-all process. Your financial situation, family, career, and long-term goals can all influence the decisions you make along the way.

GLB Financial Services combines comprehensive financial planning with life insurance, disability insurance, SGLI conversion, and other coverage options. Its military background also provides relevant context for veterans and military families navigating financial decisions during and after service.

Contact GLB Financial Services to start a conversation about your financial planning goals and explore the options available for your situation.