It's impossible to forget the financial crisis of 2007-2008. Large investment banks failed, the government had to bail out financial institutions and other huge corporations, and Americans saw the values of their homes drop significantly. The Federal Reserve responded with a new economic policy, and many elements of those changes are still in place a decade later. Here are 4 basic strategies for making your money grow in our low interest rate economy. 

NOTE: This article summarizes a piece written by AAFMAA Secretary COL Carlos Perez (USA, Ret.). You can read Perez's words at www.aafmaa.com/SavingandInvesting.

If something were to happen to you today, is your family protected?  When we first started serving, it was relatively simple to provide financial security for our loved ones. The $400,000 life insurance coverage we received through SGLI most likely met all of our needs. Not only do rising prices make life increasingly expensive, but, as life’s circumstances change – we marry, buy a house, have children, and perhaps need to care for others – we have greater responsibilities and a need for better financial protection.

Part of the 2017 insurance guide that Military Times published this week included a breakdown and comparison of different life insurance offerings. Active Duty servicemembers and veterans of the United States military have multiple options for coverage, and, as AAFMAA COO Mike Meese told  narrowing them down and selecting the best one does not have to be a painful process.

This fall, AAFMAA launched a program that enables military spouses to purchase life insurance policies. Previously, access was limited to the actual Member, the servicemember. Read more about our Spouse Purchase Initative (SPI) and take a look at some media attention surrounding the program.

Conventional wisdom dictates that a person doesn’t need life insurance if no one else depends on their income. While mostly true, there are many reasons why you should have small life insurance policies for your children and grandchildren. Read more on the advantages of insuring the young lives you love the most.

On Saturday, September 17th, AAFMAA hosted the 6th Annual DAV MSO event at its Reston, Virginia campus. Whether or not you attended the event, you may have missed out on one of the four presentations given for people waiting on their one-on-one appointments. If so, access the slides right here.