Your 2018 AAFMAA Annual Policy Statements will be on their way to you soon. Your AAFMAA life insurance is a critical part of securing your loved ones’ financial future. Take a few minutes to review your 2018 AAFMAA statements and make sure the following information is still accurate.
In order to remain eligible for military benefits, sponsors who have disabled adult children must complete a financial dependency redetermination requirement every four years. If you fail to do so, it may result in a loss of DEERS eligibility and military benefits for the disabled dependent.
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.