National Defense Authorization Act

The Department of Defense mandates a consumer education program for members of the military and their families.


This consumer education program must constantly inform them of: 


  • Financial services available under law via proactive personal life cycle financial management services

  • Financial services that are routinely offered by private sector sources; practices relating to the marketing of private sector financial services; 

  • Other matters relating to financial services available to include the marketing of financial services; 

  • Other such financial practices as the Defense Department and the United States Armed forces consider appropriate and timely.

Financial services, as referred to in the law, are defined as: 

  1. Life Insurance

  2. Casualty Insurance

  3. Other Insurance such as title insurance for home purchases, credit life and viaticals

  4. Investments in Securities or Financial Instruments

  5. Banking, Credit, Loans, Deferred Payment Plans, and Mortgages

Financial Services also include: 

  • Servicemembers' Group Life Insurance (SGLI)

  • Veterans Group Life Insurance (VGLI)

  • Family Servicemembers' Group Life Insurance (FSGLI)

  • SGLI Traumatic Injury Protection Program (TSGLI)

  • Service-Disabled Veterans Insurance (S-DVI)

  • Veterans' Mortgage Life Insurance (VMLI)

  • Survivor Benefit Plan (SBP)

GS and Civilian Contract Financial Counselors provide financial counseling and education to Service members and families. 

Click to find HELP on your Military Base or Station
Once there, Select the following service: Personal Financial management Services

You can also reach out to us at

References and Resources
Sec. 661 of NDAA FY16 amended 10 U.S.C.§992 – Financial Literacy Training: Financial Services