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Air Force Life Insurance

If you serve in the United States Air Force, a life insurance policy available to you is the Servicemembers' Group Life Insurance (SGLI). SGLI is a program of low-cost group life insurance for active-duty servicemembers, reservists, members of the National Guard, Air Force Academy cadets, and members of the Reserve Officer Training Corps.

SGLI has guaranteed acceptance, which means you can’t be turned down. While it offers a safety net for you as a member of the Air Force, the maximum coverage amount of $400,000 is often not enough for many military families and it terminates when you leave the military. SGLI also does not offer options for Air Force members wanting to add permanent life insurance that never expires and also builds cash value that can possibly be used for future financial needs.

When enrolling in life insurance offered by the Air Force, a government-sponsored one-size-fits-all SGLI policy has limits, and may not provide the amount or type of life insurance to meet your unique needs. That’s why AAFMAA offers several policies designed for the specific needs of military servicemembers and Veterans at highly competitive rates.

AAFMAA Air Force Life Insurance Policies

AAFMAA Air Force life insurance policies include Level Term I, Level Term II, Value-Added Whole Life, and our Veteran Survivor plan. Each policy is broken down below.

Level Term I

  • Available to servicemembers, military spouses, and adult children of AAFMAA Members, ages 18-49
  • Individual low-cost coverage, with premiums that never increase
  • Coverage of $50,000 to $800,000 in $5,000 increments
  • Includes $10,000 life insurance coverage per dependent child*

Level Term II

  • Available to servicemembers, Veterans, military spouses, and adult children of AAFMAA Members,  ages 18-75
  • Premiums never increase for the term of the policy
  • Coverage of $50,000 - $800,000 in $5,000 increments
  • Flexible term coverage (minimum 5 years; maximum 30)
  • More affordable than the military's Veterans Group Life Insurance (VGLI) plan and most other civilian coverage options.

Value-Added Whole Life

  • Available to servicemembers, Veterans, military spouses, and adult children of AAFMAA Members, up to age 80 as well as grandchildren of AAFMAA Members under age 26
  • Permanent, life-long coverage that never expires and the premiums never increase
  • Policies can be “paid up,” eliminating the need to make future premium payments
  • Every premium payment builds cash value that can be accessed with no penalties
  • Includes Long-Term Care Settlement Option at no additional premium

Veteran Survivor Plan

  • Available to Veterans, military spouses, and adult children of AAFMAA Members, ages 45-84
  • $10,000 - $25,000 coverage**
  • Final expenses coverage to protect your survivors
  • Guaranteed acceptance with no medical exam or questions required
  • Premiums locked in for life
  • Fast, easy application process — same-day approval

View All Policies

Common Questions

The military’s SGLI plan allows servicemembers to purchase up to $400,000 of life insurance while on active duty. Once servicemembers transition out of the Air Force, they can receive 120 days of free coverage starting the day they separate from the military. After that, to maintain the coverage Veterans must convert their SGLI policy within 240 days to guarantee coverage with Veterans Group Life Insurance (VGLI) which is significantly more expensive and premiums increase every 5 years or they can apply for and be accepted by another provider, such as AAFMAA, in order to maintain protection for their family.

Servicemembers can also choose to purchase coverage for their family through the Family Servicemembers’ Group Life Insurance (FSGLI). The FSGLI term life insurance plan provides spouses with up to $100,000 coverage. Each dependent child also receives $10,000 of coverage.  

While these are a nice place to start, most Air Force families need more coverage than what SGLI or FSGLI provides. Servicemembers may want to supplement or replace their SGLI and FSGLI with an AAFMAA Air Force life insurance policy designed to better meet their unique needs.

While Veterans may be able to enroll in VGLI after retirement, they do not automatically receive life insurance benefits. However, Air Force Veterans are eligible to purchase a VGLI policy if they qualify by meeting at least one of the following criteria:

  • Had SGLI while in the Air Force and are still within 1 year and 120 days of being released from an active-duty period of 31 or more days.
  • Are within 1 year and 120 days of assignment to the U.S. Air National Guard.
  • Are within 1 year and 120 days of retiring or being released from the U.S. Air National Guard.
  • Had part-time SGLI as a member of the National Guard and suffered an injury or disability while on duty that disqualifies them for standard premium insurance rates.
  • Are within 1 year and 120 days of being put on the Temporary Disability Retirement List (TDRL).

While VGLI is a guaranteed acceptance group life insurance policy, rates vary based on age and the amount of coverage. Because the cost of coverage increases every 5 years, VGLI premiums can quickly become unaffordable. 

AAFMAA offers multiple Air Force life insurance policies designed to meet any Veteran’s needs, often at more affordable rates than VGLI. Plus, AAFMAA life insurance policies exclusively offer Survivor Assistance Services to guide your family through their loss. Our team is dedicated to providing servicemembers the educational resources they need to find the right policy for their family. Contact the AAFMAA Life Insurance team at 877-398-2263 to learn more and apply today!

*Children under age 21 included at no additional cost with Member's policy. Limited to one child per Member/family; not included with spouse or dependent policies

**Important — Exclusions and Limitations: If you die for any reason in the first two years of the policy, your beneficiaries will receive a reduced death benefit equal to 110% of premiums paid.