For current AAFMAA members maintaining Value-Added Whole Life policies, the Trade-Up Program is like buying a new policy with your current cash value. By eliminating costs for multiple policies and with the new mortality tables, you may see an increase in your death benefit with no additional premiums. You will need to submit a life insurance application with recent medical exam or we can schedule one for you.
If you have a loan, you can still trade up. However, you must pay off the loan on any policies you wish to trade up first.
As with all new policies, there is a 2-year contestability period. If you currently have a health problem, please contact one of our Membership Coordinators for a review of your current situation toll-free at 1-877-398-2263. While we can’t guarantee an acceptance, we’ll help you assess whether applying for the Trade-Up Program is right for you.