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Army Life Insurance

Whether you’re active duty or a member of the United States Army Reserve or National Guard, all military servicemembers are eligible for Servicemembers' Group Life Insurance (SGLI). You also have the option to cover your spouse and dependents with Family Servicemembers’ Group Life Insurance (FSGLI) policies. 

These group term policies are guaranteed acceptance and serve as a basic starting point for soldiers and their families. However, these one-size-fits-all plans are rarely enough to cover all the needs of an Army family since they do not take into account you and your family members’ unique circumstances. 

Age, income and health history—for example—all play a role in determining which type of life insurance policy is right for you and how much coverage you really need. Depending on your specific situation, government-sponsored life insurance products are likely not enough to suit the needs of your family.

Army Life Insurance Policies

AAFMAA offers a variety of term and whole life insurance policies tailored to meet the needs of all soldiers and their families, including:

Level Term I

  • Members and military spouses ages 18-49
  • Individual low-cost coverage, with premiums that never increase
  • Select in $5,000 increments from $50,000 to $800,000
  • Term Life Insurance $10,000 per dependent child under age 21; no additional cost with Member's policy. Limited to one per Member/family; not eligible for spouse or dependent policies

Level Term II

  • Members ages 18-75
  • Premium never increases
  • $50,000 - $800,000 coverage
  • Flexible term (minimum 5 years; maximum 30)
  • Cheaper than the military's VGLI plan and many other civilian coverage options

Value-Added Whole Life

  • Members up to age 80; children/grandchildren under age 26 yrs
  • Builds cash value that you can access with no penalties if you ever need to
  • Every premium payment you make is saved to your cash value and always belongs to you
  • Long-Term Care Settlement Option included at no additional premium

Veteran Survivor Plan

  • Members ages 45 - 84
  • $10,000 - $25,000 coverage
  • Final expenses coverage to protect your survivors
  • Guaranteed acceptance with no medical exam – you can’t be turned down

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Get Peace of Mind with Army Life Insurance from AAFMAA

Don’t wait to build a plan for the future—your loved ones are depending on you to think ahead. AAFMAA offers the coverage you need at the price you want through every stage of military life: training, deployment, PCS, transition, second career and retirement. Protect your family confidently with up to $1 million of coverage. Call 888-973-8490 for more information or to get a quote today.  


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AAFMAA also offers a free introductory membership to qualifying U.S. Military Academy Cadets and contracted ROTC Cadets that includes a $5,000 Term Life Insurance policy at no cost.


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Common Questions

Through Servicemembers' Group Life Insurance (SGLI), servicemembers can purchase up to a maximum of $400,000 of life insurance coverage in increments of $50,000. You’re also eligible to receive 120 days of free coverage beginning the day your transition out of the Army. 

Servicemembers also have the option to purchase coverage for their dependents through Family Servicemembers’ Group Life Insurance (FSGLI). FSGLI provides a term life insurance benefit of up to $100,000 for a member's spouse. Coverage of $10,000 for dependent children is included with the servicemember’s policy at no charge. 

For many Army families, SGLI and FSGLI policies do not provide adequate coverage to meet their specific needs. AAFMAA offers a variety of Army life insurance policies suited to meet the needs of individuals and families through each stage of military life. Visit our Life Insurance page for more information about our policies. 

Veterans and military retirees do not automatically receive life insurance benefits. However, you may be eligible to purchase Veterans’ Group Life Insurance (VGLI) when leaving the military as long as you meet at least one of the following criteria:

  • Had SGLI while you were in the Army and you’re 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. Army Reserves or National Guard 

  • Are within 1 year and 120 days of retiring or being released from the U.S. Army Reserves or National Guard

  • Had part-time SGLI as a member of the National Guard or Reserves, and you suffered an injury or disability while on duty that disqualifies you for standard premium insurance rates 

  • Are within 1 year and 120 days of being put on the Temporary Disability Retirement List (TDRL)

VGLI is guaranteed acceptance group life insurance, however, rates vary depending on your age and the amount of coverage you want. Additionally, the cost of coverage increases every 5 years, which means VGLI premiums quickly become unaffordable.  

AAFMAA offers a variety of Army life insurance policies suited to meet any Veteran’s needs. Call 800-522-5221 for more information or to get a quote today.