Spouses are also eligible for this coverage, at the same low rates.

Get $50,000 to $800,000 of coverage in $5,000 increments and pay a premium that stays constant for the life of the policy. The death benefit remains level to age 50 (40 for nicotine users), then decreases to termination at age 60 (50 for nicotine users). Those desiring continued coverage can convert 100% of the initial face amount to Five Year Renewable Term prior to age 48 (38 for nicotine users). From age 48 to 52 (38 to 42 for nicotine users), up to 27% of the initial face amount can be converted. From age 53 to 57 (43 to 47 for nicotine users), up to 20% of the face amount can be converted. These conversion amounts are guaranteed regardless of health. Conversion to Value-Added Whole Life is allowed for the in force face amount at any time without additional medical underwriting. New premiums are established at time of conversion based upon the insured’s age and nicotine status.

Thanks to AAFMAA’s favorable mortality figures, 10% partial premium refunds have been paid annually on eligible non-nicotine policies, making this policy even more affordable. Refunds are NOT guaranteed, however, refunds have been paid every year since inception of the plan in 1997.

Here are a few of the best features of this policy:

• Individual low-cost coverage up to $800,000
• Can continue after separation/retirement from the military
• NO war, NO aviation and NO terrorist clauses (on ALL AAFMAA policies)
• No coverage limitations based on rank or deployment status
• Up to $10,000 coverage, at no additional cost, for eligible children with the member’s policy
• Children/grandchildren age 18 – 23 are also eligible for coverage