| A great policy for short and long-term needs and/or for those 35 and over, AAFMAA’s Level Term II policy is a great alternative to Veterans Group Life Insurance (VGLI). AAFMAA premiums are significantly less, especially the older the insured. For example: |
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| $400,000 of coverage |
| $55,920 |
$9,840 |
$46,080 |
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*VGLI cost calculated using the monthly premiums, effective 1 July 2008.
**Based upon AAFMAA’s Male, Super Select non-nicotine rates. Rates may be higher after medical underwriting.
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Level Term II offers a level premium and death benefit for the life of the policy.
Level Term II policies must be issued for a minimum of 5 years to a maximum of
30 years, not to exceed age 85, regardless of rate classification.
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| Pick the amount and the term for one low fixed premium. |
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Complete flexibility. You select the coverage amount in $5,000 increments from $50,000
to $800,000. You tell us how many years you want it (minimum of 5 years and maximum
of 30 – although coverage cannot last past age 85). You get one rate that will NEVER
increase for the life of the policy. For example:
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10 YEAR Level Term II, non-nicotine user, Super Select monthly rates |
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|
Issue Age |
Coverage Amount |
| Male |
Female |
Male |
Female |
Male |
Female |
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45 |
$8.90
|
$8.90
|
$14.75
|
$14.75 |
$24.50
|
$24.50
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50 |
$11.00 |
$10.90 |
$20.00
|
$19.75 |
$35.00
|
$34.50 |
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55 |
$18.00 |
$14.40 |
$37.50 |
$28.50 |
$70.00 |
$52.00 |
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60 |
$25.80 |
$19.20 |
$57.00 |
$40.50
|
$109.00 |
$76.00
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| Rates that reward good health. |
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Level Term II offers a level premium that never increases and a death benefit that
never decreases. After medical underwriting review, you may qualify for one of six
premium classifications: Super Select, Select, Standard, Class I, Class II, or Class
III.
Super Select
is 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
is for nicotine users and non-nicotine users in good health.
Standard
is for nicotine users and non-nicotine users who have some medical/weight
conditions.
Class I, II and III
are for nicotine users and non-nicotine users who have multiple
medical/weight conditions.
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| Contact us for more details. |