Trade Up

For current AAFMAA members maintaining Value-Added Whole Life policies, the Trade-Up Program is like buying a new policy with your current cash value. You will need to submit a life insurance application with recent medical exam or we would be happy to schedule one for you. By eliminating multiple policy costs (for multiple policies) and with the new mortality tables, you may see an increase in your death benefit, without adding additional premiums.

If you have a loan, then you can still Trade-Up. However, you must pay off the loan on any policies you wish to Trade-Up first, or just Trade-Up those policies that do not carry an outstanding loan.

As with all new policies, there is a 2-year contestability period. If you currently have a health problem, please contact one of our Membership Coordinators for a review of your medical history toll-free at 1-877-398-2263. While we can’t guarantee an acceptance, we’ll help you assess whether applying for the Trade-Up Program is right for you.