As a member of the United States Marine Corps, you’re eligible to receive life insurance benefits through the government’s Servicemembers' Group Life Insurance (SGLI) program. You will be automatically enrolled in this program by your service branch at the onset of your military career. Marines also have the option to cover spouses and dependents through the Family Servicemembers’ Group Life Insurance (FSGLI) program.
These guaranteed acceptance group term policies are excellent introductory options for Marines and their families, but they rarely provide enough coverage to meet all the needs of a Marine Corps family since they are one-size-fits-all. These plans do not take into account you and your family members’ individual needs and unique circumstances. Factors like age, income and health history also need to be considered when determining the type of life insurance policy you want and the amount of coverage you need.
Marine Corps Life Insurance Policies
AAFMAA offers a variety of term and whole life insurance policies tailored to meet the needs of all Marines and their dependents, including:
- 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
- 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
- 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
- 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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AAFMAA’s Marine Corps Life Insurance Policies Grant You Peace of Mind
The sooner you start planning for your family’s future, the better. AAFMAA’s life insurance plans offer 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 800-522-5221 for more information or to get a quote today.
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