If you haven't already, it's time to designate a successor owner to your AAFMAA insurance policy, if it covers your spouse or child. By naming a successor owner, AAFMAA is able to automatically transfer ownership of a policy over to that person upon your death. But if you do not take this simple step now, your policy will become part of the property of your estate, which can lead to time-consuming and costly administrative steps for your spouse or other loved ones.

As one of our policy owners, you can look forward to receiving your 2017 Annual Policy Statements soon. An important part of a Life Lived Well is your preparation for the future. Empower yourself and your loved ones by taking a few minutes to review your 2017 AAFMAA statements, specifically for accuracy in the following areas:

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. 

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.