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Everything You Want from an Annuity. Nothing You Don’t.

You can achieve a confident, secure retirement with planning, preparation, and ANNUITYLife from AAFMAA. Ensure your money lives as long as you do with a safe, affordable solution trusted by the Veteran community for years. Maximize your financial readiness with a host of additional benefits and eliminate your worries about running out of money in retirement.

ANNUITYLife is not a traditional annuity. It’s better. Here’s how:

  • No upfront fees, commissions or hidden charges.
  • You’re in control. Annuitize immediately and earn 3%.
  • You’ve got options. Before you annuitize, you have whole life insurance coverage with a long-term care settlement option at no additional cost and you can get back all of your initial investment with no surrender charges from AAFMAA.
  • You get exclusive AAFMAA membership benefits
  • You can breathe easy knowing AAFMAA is exclusively for Veterans and their families.

You get more than just an annuity — you get all the benefits of AAFMAA Membership.

With ANNUITYLife, you receive all the benefits of AAFMAA Membership, including our exclusive Survivor Assistance Services. After you pass away, your loved ones receive dedicated support in navigating the complex process of receiving all the benefits they are entitled to from your military service. AAFMAA will be with your survivors for life. You also receive an online Digital Vault to store your vital documents efficiently and securely, at no cost to you. Not to mention, if you die prior to annuitizing your policy, you have whole life insurance coverage that will pay your survivors a tax-free death benefit.

Who is eligible:

  • US Military Retirees, Veterans and their Spouses
  • US Military Surviving Spouses (Widows and Widowers)
  • Those approaching, or in, retirement with savings they want to convert to a stream of income, such as RMDs, investments in higher risk assets, proceeds from inheritance or asset sales, etc.

Download the ANNUITYLife Brochure to print or share more information about this better solution for your immediate Annuity needs with your loved ones.


No. AAFMAA does not require a medical exam to apply for an ANNUITYLife policy. All you have to do is answer three simple medical questions confirming that you are neither presently in a hospital, confined to a bed, nor have a known terminal illness expected to result in death within two years of policy issue.

When you decide to annuitize your assets, you may choose an Individual Annuity or a Joint and Survivor Annuity.

  • Individual Annuity: we calculate your monthly payments based on your life expectancy, and guarantee them for your lifetime as the insured.

  • Joint and Survivor Annuity: we pay monthly payments to the joint couple initially. Once one spouse dies, payments continue, guaranteed, to the surviving spouse until their death.

Annuitizing is easy and fast, but once an annuity begins, the decision is irreversible.

Unlike other annuity products, ANNUITYLife has no upfront fees or commissions to pay. You simply make your initial investment, which comes in the form of a net single premium of $750 per $1,000 of policy benefit ($10,000-$1,000,000 coverage)—because ANNUITYLife is a life insurance policy first with an immediate annuity option. Otherwise, as your money earns our industry-leading current crediting rate* of 4.0%, we subtract the small administrative cost of 0.75% from those earnings—giving you a net crediting rate of 3.25%. When you annuitize, AAFMAA bases your income stream on your initial premium plus any cash value growth in the policy at that time.

Subject to terms and conditions of the policy, including exclusions and limitations. There is no insurance coverage unless you apply and are accepted by AAFMAA, a policy is issued and you pay the required premium. No war, aviation, terrorist clause. All policies include Survivor Assistance Services.

*AAFMAA's crediting rate for ANNUITYLife is currently 4.0% for 2023, minus an administrative cost, currently 0.75% for a net current return of 3.25%. This rate is NOT guaranteed and is subject to change. The guaranteed crediting rate is 2.75%, minus the administrative fee for a net guaranteed return of 2.00%. ANNUITYLife is a life insurance policy. It is not long-term care insurance.

ANNUITYLife policies are Modified Endowment Contracts (MECs) subject to the Technical and Miscellaneous Revenue Act of 1988 (TAMRA). Under TAMRA, you may owe taxes and penalties if you surrender or take a loan against the cash value in the policy. Please read important tax information here. AAFMAA does not provide tax advice. If you have questions about the tax implications of this product or other life insurance products you own, please consult a qualified tax professional.

The U.S. Government does not sanction, recommend, or encourage the sale of this product. Subsidized life insurance may be available from the Federal Government.