• A specially designed Net Single Premium Value-Added Whole Life policy, generally for older members who may not meet AAFMAA's medical underwriting requirements, but wish to purchase a policy with the option to annuitize the cash value.
  
  
• If annuitized, monthly payments are guaranteed until age 100.
  
  
• Guaranteed crediting rate of 4% (4.5% less 0.5% charge for mortality and expenses).
  
  
• If annuitized annual bonus check equal to the difference between the guaranteed 4% crediting rate and the Net Yield on Assets (NYA).
  
  
• All ANNUITYLife policies are Modified Endowment Contracts (MECs) and subject to TAMRA rules. If over age 59 ½, the 10% IRS penalty does not apply.

• No medical records or physicals are required.
  
  
• Policy can be approved regardless of age, sex, or nicotine use.
  
  
• Insured must not be in a hospital, confined to bed, or have a known terminal illness expected to result in death within two years of issue.
  
  
• Policy is subject to standard two-year contestability and suicide clauses.

What does my single premium buy me?

• An ANNUITYLife policy, where the single premium is $817 per $1,000 of death benefit.
  
  
• Death benefit is on a graded scale for the first three years.
  
  
• Cash values and death benefits grow based upon the actual crediting rate applied to all Value-Added Whole Life policies, currently 7.2% for 2008 - NOT guaranteed, subject to change.

What happens if I die before age 100?

• Present value of the remaining payments are payable to the beneficiary.



• Beneficiary can take settlement with any of our four settlement options: Life Annuity, Life Annuity with 10 years certain, Interest Only, Lump Sum.

In summary, ANNUITYLife is:

• A special, “no underwriting” Value-Added Whole Life policy with a cash value and death benefit.
  
  
• Option to annuitize immediately, or at a future date.
  
  
• Once annuitized guaranteed payments to age 100 at 4%; annual bonus check if NYA exceeds 4%.