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| Armed Forces Services Corporation |
| On 1 July 2000, following approval by our members, our Member Services department formed a new company, Armed Forces Services Corporation. Headed by former AAFMAA president Brad Snyder and staffed by former AAFMAA employees, AFSC plans to expand their services to those outside AAFMAA membership. AFSC is committed to continuing and expanding the quality services on which AAFMAA built its reputation. The list below describes AFSC services. |
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| Family Information Record |
| The FIR is furnished annually to every member to provide personal affairs planning information. Based on the member's personal data and military status, it provides an illustration of the following benefits: VA, SBP, DIC, retired pay and Social Security. This summary also includes a display of the total personal commercial life insurance portfolio and personal savings and investments. When kept up-to-date by the member, this is a great planning tool to determine the member's survivor income replacement and/or retirement needs. |
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| Financial Awareness Services |
| An objective appraisal of your current financial standing, FAS takes into account all assets(cash, IRA's, bonds, stocks, mutual funds, real estate, etc.) and liabilities. Based on historical models, it can project income and asset growth. More importantly, the member can decide if he/she is on track to meet his/her own unique financial goals, such as college funding for children and retirement. |
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| Document Storage |
| Our underground vault is a great place to store important documents. We accept documents needed to immediately file claims for a the member and their families and provide them with the best possible service. With a quick, toll free call you can get copies or originals returned at no charge. Vault document storage is perfect for mobile military members, as the family always knows where important documents are located. |
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| Counseling |
| Unbiased expertise is provided on the following issues and others: Survivor Benefit Plan (SBP), VA entitlements, Social Security benefits, conversion of Servicemen's Group Life Insurance (SGLI/VGLI), health plans, commercial life insurance and lifetime family income needs. |
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| Assistance with VA Disability Claims |
| This service helps members and survivor's claims representation with complete follow through to completion. Experienced advice is provided on filing a disability compensation claim, review of ratings, and professional appeal representation when necessary. |
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| Survivor Assistance Services |
Next day payment of AAFMAA life insurance policies
Claims on AAFMAA policies can be processed and paid by the close of the following business day after proper notification of death and resolution of your beneficiary information. |
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| Claims Initiation |
| Government and life insurance claims can be initiated upon notification of a member's death. Forms are sent immediately for prompt receipt of benefits. Claims are followed to ensure timely payment of full benefits. |
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| Lifetime Benefit Notification |
| Current information on the latest changes to laws concerning retirement or veterans benefits is provided, with explanations on the impact of the changes. |
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| Social Security Notification |
| Notification to surviving spouses of income change possibilities at age 60, as well as income change notification when children approach ages 16 and 18. |
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| Annual Statement |
| AAFMAA generates a personalized report of the spouse's entitled benefits and his/her payments. |
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