A Wealth Builder Life Insurance policy offers members and spouses the peace of mind of permanent coverage with the option to convert to monthly payments if desired. Only three medical questions when applying. No exams needed.
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A Settlement Option is only designated if policy owner annuitizes the cash value of the policy
Two options are available at time of annuitization:
Joint and Survivor Annuity
* Wealth Builder Life Insurance policies are Modified Endowment Contracts (MECs) subject to the Technical and Miscellaneous Revenue Act of 1988 (TAMRA). Under TAMRA, you may owe taxes and penalties if you surrender or take a loan against the cash value in your Wealth Builder Life Insurance policy. Please read important tax information here. AAFMAA does not provide tax advice. If you have questions about the tax implications of this product or other life insurance products you own, please consult a qualified tax professional.
All the tools to know exactly what coverage you need
Put your family at ease
LTC. Alvaro G.
U.S. Army (Retired)