Level Term II
| Who the Policy is For |
Members and Spouses
Those looking for an affordable option with short and long term needs
Those seeking a low-cost alternative to Veterans Group Life Insurance (VGLI)
|
| Policy Features |
Level premium and death benefit for the life of the policy
Pick the amount and the term for one low fixed premium
Complete flexibility - you select the coverage amount in $5,000 increments from $50,000 to $800,000
Select how many years you want the policy (minimum of 5 years and maximum of 30 – although coverage cannot last past age 85)
One rate that will never increase for the life of the policy
The death benefit will never decrease during the policy term
|
Level Term II Sample Rates
Your rate will never change for the life of the policy. For example, on a 10 year, Level II, Super Select policy the monthly rates would be as follows:
| COVERAGE AMOUNT |
| Issue Age |
$100,000 |
$250,000 |
$500,000 |
| Male |
Female |
Male |
Female |
Male |
Female |
| 45 |
$8.90 |
$8.90 |
$14.75 |
$14.75 |
$24.50 |
$24.50 |
| 50 |
$11.00 |
$10.90 |
$20.00 |
$19.75 |
$35.00 |
$34.50 |
| 55 |
$18.00 |
$14.40 |
$37.50 |
$28.50 |
$70.00 |
$52.00 |
| 60 |
$25.80 |
$19.20 |
$57.00 |
$40.50 |
$109.00 |
$76.00 |
Comparison to VGLI
| $400,000 COVERAGE |
| 20 years of VGLI, starting at age 45** |
20 years of Level Term II, starting at age 45*** |
Savings with AAFMAA |
| $55,920 |
$9,840 |
$46,080 |
***Based upon AAFMAA’s Male, Super Select non-nicotine rates. Rates may be higher after medical underwriting.
Super Select: For non-nicotine users in excellent health who lead a healthy lifestyle and whose parents and siblings have or had no genetic or familial health problems
Select: For nicotine users and non-nicotine users in good health
Standard: For nicotine users and non-nicotine users who have some medical/weight conditions
Class I, II and III: For nicotine users and non-nicotine users who have multiple medical/weight conditions