Career Assistance Program (CAP) Loan
| Who the Policy is For |
Active duty or Guard/Reserve U.S. Armed Forces and an:
-
E-5, E-6, E-7, E-8, E-9
- WO1, CW2
- O-1, O-2, or O-3
- Must be an AAFMAA member with $250,000 of Term or $50,000 of Value-Added Whole Life insurance
- Must be able to initiate a Government allotment (if Guard/Reserve, contact a Membership Coordinator at 1-877-398-2263 for payment options if you are unable to start an allotment)
- Those who need financial assistance
|
| Program Features |
One-time only $4,000 loan at 1.5% Annual Percentage Rate with a 48-month repayment schedule through the Military allotment system
No penalty for early repayment
Loan proceeds provided through a free checking account at Armed Forces Bank
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If you are a cadet interested in CAP, but not yet commissioned, please complete the
FREE Introductory Request Form for Cadets. Feel free to contact us with any questions at 1-877-398-2263 or membership@aafmaa.com.