|
Our Objective
For over a century, AAFMAA has protected service members
and their families. With coverage up to $800,000 and over $908 million in
assets, we stand ready to protect your financial needs.
AAFMAA works hard to earn the trust of its members. All members receive our Survivor
Assistance Services, including prompt benefits payments and filing of claim forms
with government and insurance providers. Because AAFMAA policies have
NO war clause, NO aviation clause or exclusion and NO terrorist clause,
payment is certain in the event of a combat death.
AAFMAA remains committed to providing the absolute lowest cost life insurance policies
to Army and Air Force personnel. Younger insureds can save up to 41% over SGLI
with our Level Term I policy. Older members enjoy even greater savings up to 75%
over VGLI with our Level Term II policy. Unlike government
plans, you can keep and buy more AAFMAA policies after you leave the military.
Call 1-877-398-2263 for rates on our term insurance or Value-Added
whole life for members, spouses, children, and grandchildren.
Our Mission
To be the premier provider of insurance and survivor services to the Army and
Air Force communities.
Our Structure
A non-profit, tax-exempt, member-owned association. Membership exceeds 78,500.
The Association's strong financial foundation is a result of over 129 years of careful investing of membership
dollars.
Our History
The Army Mutual Aid Association was established in 1879 after the Battle of Little
Big Horn, or "Custer's Last Stand." During frontier times when an officer died,
the remaining soldiers would literally "pass the hat" to raise money for the surviving
family. This system collapsed, however, with the Battle of Little Big Horn. There
were too few survivors to pass the hat, thus leaving the deceased soldiers' families
in need. To remedy this situation, Army officers established the Army Mutual Aid
Association.
| 1954 |
Eligibility extended to Guard/Reserve. |
| 1984 |
Eligibility extended to USAF officers, Guard / Reserve included. |
| 1987 |
Name changed to Army and Air Force Mutual Aid Association (AAFMAA). |
| 1995 |
Eligibility extended to NCOs; age limit raised to 66. |
| 2000 |
Eligibility extended to all Army and Air Force personnel, regardless of rank. |
| 2008 |
Eligibility extended to Honorably Discharged veterans (any service) residing in North Carolina or Virginia. |
|