According to the quote estimates at Immediate Annuities.com, a policy that provides $58,500 of lifetime income per year starting at age 40 is worth a million dollars.
This is inflation adjustments, as I couldn’t find an instant quote for that.
Maybe you just met this person in the military and are curious about the “what-ifs” that come with the relationship.
Perhaps you are already dating someone in the military but want to know more before making a serious commitment.
A sense of national duty, risk of injury and even death, possibly lower pay, and constant relocation, just to name a few.