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Financial Foundation

Since 1879, AAFMAA has been there for military families. We are in it for the long haul and with over $1.3 billion in assets, AAFMAA’s financial position has never been stronger.


AAFMAA’s goal is to provide the absolute lowest-cost life insurance to members of the military. Our solid financial foundation, nurtured through prudent investing of Membership funds, is the key to being able to deliver on that promise.


Members still early in their careers can get the level of coverage they really need by supplementing their Servicemember's Group Life Insurance (SGLI) with our always-affordable Level Term I policy, which active military families have trusted for decades. And, unlike government plans, you can keep your AAFMAA policy—or even buy more—after you leave the military.


All Member families receive our unique Survivor Assistance Services, including personalized service and attention, prompt benefits payments and detailed, expert help filing claim forms with government and other insurance providers. Our policies have no war clause, no aviation clause or exclusion, and no terrorist clause.

$ 24.9 Billion

Insurance in Force

as of 31 December 2020

$ 1.3 Billion

in Investments

as of 31 December 2020

(Total Assets - Admitted Asset Value)

See All Annual Reports