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AAFMAA Blog

The Importance of Comparing Life Insurance Plans

2020-03-11

Discussing life insurance may seem a mundane topic for many people, but for servicemembers and Veterans, who have several options for life insurance coverage, making this necessary decision can be daunting.

For instance, active duty servicemembers are automatically enrolled in Servicemember’s Group Life Insurance (SGLI), but this plan doesn’t necessarily provide enough coverage for every military family and is more expensive than several other options. In such cases, servicemembers must look elsewhere for a plan that fits their needs and budget.

Likewise, after leaving active duty service, servicemembers have a short window during which they are able to apply for Veteran Group Life Insurance (VGLI). If a veteran chooses to enroll, they must be prepared to pay increasing premiums as they age. As such, Veterans need alternative options that provide that necessary long-term security at a reasonable price. Thankfully, it’s easy to find, compare, and apply for affordable life insurance options online.

Each year, MilitaryTimes publishes an insurance guide that lists and compares products offered by several different military-affiliated life insurance carriers — including AAFMAA’s always-affordable policies. Learn more here, or contact an AAFMAA Membership Coordinator at 866-330-0583 to discuss your best coverage options. We’re happy to help you compare because we are confident that you’ll find the right coverage for you comes from AAFMAA.