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)
One rate that will never increase for the life of the policy
The death benefit will never decrease during the policy term
Annual Renewable Option at the end of the policy term to continue coverage to age 100 (new rates will apply at time of renewal)
|
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 |
$7.40 |
$6.70 |
$14.00 |
$12.25 |
$25.00 |
$21.50 |
| 50 |
$10.20 |
$8.70 |
$21.00 |
$17.25 |
$39.00 |
$31.50 |
| 55 |
$15.50 |
$12.20 |
$34.25 |
$26.00 |
$65.50 |
$49.00 |
| 60 |
$23.80 |
$16.70 |
$55.00 |
$37.25 |
$107.00 |
$71.50 |
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 |
$9,552 |
$46,368 |
***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