Take action today. Call our experts at: phone icon1-800-522-5221

In The News

AAFMAA Is Here For You During COVID-19


As the growing coronavirus (COVID-19) outbreak continues to affect our country, AAFMAA recognizes the significant challenges facing our military community, such as childcare concerns, spouse income security, travel restrictions, PCS delays, and the need to keep older Veterans healthy. With these rising challenges comes the need, more than ever, to ensure your family’s financial security. AAFMAA continues to provide solutions for your financial future in this time of uncertainty – just as it has for over 142 years.

What AAFMAA Financial Solutions May Help During this Crisis?

Get financial assistance without the hassle.

Current Servicemembers in ranks E-5 to O4 can get $5,000 at a low 1.5% annual interest rate with AAFMAA’s CAP Loan. Even if you’ve had one before, you may be able to qualify for another one now. No credit check. No fees. No kidding.

Ease financial constraints.

AAFMAA has solutions designed to help free up your current finances, so you can direct your money where you need it now. If you’re looking to buy a home or refinance a mortgage during this time, AAFMAA Mortgage Services LLC has great rates that may help you save money now and in the long-term.

Chart your path to success.

Due to global response to the disease, the stock market has seen record volatility in recent weeks. A well-established financial plan is the best way to address these current fluctuations and set yourself up for continued financial success in the long-term. Speak with an AAFMAA Wealth Management & Trust LLC Relationship Manager today to take advantage of a complimentary portfolio review and get on the path to success.

Maintain security into the future.

AAFMAA Life Insurance provides you the affordable coverage you need to ensure your family’s security for generations to come. Compare AAFMAA’s rates, coverage and service to any other provider and you’ll see the difference. No other provider offers AAFMAA’s exclusive Survivor Assistance Services, which takes care of military families like no one else can.

For our Members: Continued Service, No Delays

  • To best serve you during this global health crisis, we have enabled many employees to work remotely, while increasing workplace security and sanitation for those operating from our offices, which remain open during normal business hours (8:30 a.m. to 5:30 p.m., ET). Likewise, you can continue to access your life insurance policy information through the online Member Center, where you can also update your records and beneficiaries.

  • If the COVID-19 outbreak has created an immediate financial hardship and you’re concerned about paying your life insurance premium, call us and discuss your options. Your AAFMAA life insurance policy has a 60-day grace period and there may be other options to ensure your policy does not lapse.

  • Should your family experience a death during this very difficult time, AAFMAA is here for you. Our expert Survivor Assistance team is always available at 888-851-2493 (option 2).

What Resources are Available Through AAFMAA's Great Military Community Partners?

AAFMAA is proud to partner with a number of organizations offering the military community specialized support during this time.

  • The COVID-19 Military Support Initiative powered by the Association of Defense Communities and Blue Star Families has brought together members of the entire military and Veteran services community to aggregate and share the most current and relevant information about COVID-19 as it relates to the military community. They have a resource library filled with great events to support military families.

  • Team RWB has increased the number of virtual workouts and events to support the health of our Military Community while maintaining CDC-recommended social distancing. Learn more here.

  • RallyPoint has opened a discussion board dedicated to COVID-19, so members of the military community can share information and support each other during this time. Learn more here.

  • Army Emergency Relief has a number of response plans for those effected by COVID-19. Learn more here.

  • Air Force Aid Society prepared a statement on how they remain ready to assist Airmen and their families during this time. Learn more here.

  • Coast Guard Mutual Assistance (CGMA) offers several emergency relief programs related to COVID-19 on their website. Learn more here.

  • MILLIE released a special episode of their Baseside Chats video series to help parents whose children’s schools have closed due to COVID-19. Learn more here.

Common Questions

Yes, your AAFMAA policy will cover a death related to COVID-19 if you are an existing AAFMAA Member with a policy issued more than two years ago or prior to a COVID-19 diagnosis, even within the first two years the policy is owned. The only exclusion on AAFMAA policies is death by suicide within the first two years.

However it is important to note that death claims made against an underwritten policy issued within the last two years are contestable, regardless of the cause of death. Contestable death claims are reviewed and subject to denial if we find undisclosed material information that would have changed the outcome of the policy issuance decision.

Yes, if you are applying for a policy that requires medical underwriting, you must disclose a positive COVID-19 diagnosis. Not doing so would be considered material misrepresentation and could result in your policy being voided.

As mentioned above, death claims made against an underwritten policy issued within the last two years are contestable, regardless of the cause of death. Additionally, you don’t have to die for a material misrepresentation to void your contract. The policy can be voided at any point within the first two years if AAFMAA finds that you provided incorrect information about your health history and that the correct information would have prevented us from issuing the policy.

If you were diagnosed with having contracted COVID-19 prior to applying for life insurance and you failed to disclose that diagnosis on your application, your death claim could be denied. This is because, if you had disclosed your COVID-19 diagnosis, we would have followed current industry guidelines and possibly postponed acceptance of your application. In this case, your policy would be voided and your survivors would only receive a refund of the premiums you had paid.

No, the COVID-19 vaccine is classified as a typical wellness check, for which we do not require disclosures and do not deny death claims. We strongly suggest that our Members follow CDC recommendations and receive the COVID-19 vaccination as soon as they are eligible.

Industry guidelines indicate that a COVID-19 diagnosis may postpone acceptance of your application for a period of three weeks to 1 year following recovery, depending on the severity of symptoms and treatment. This timeline is subject to change as new information becomes available and industry guidelines are adjusted accordingly. Those who experience a full recovery may be considered for issue before 12 months, while serious cases (such as those which required a ventilator) may be postponed for longer.

No. Receiving a COVID-19 vaccination will not affect the acceptance of your application.

No, AAFMAA cannot change your premiums or your health classification on a policy you currently hold. Your premiums and health classification will remain the same, even if you have been diagnosed with COVID-19 or you are at a higher risk of exposure due to your job, living situation, or recent travel, or if you get one of the COVID-19 vaccinations approved for emergency use by the USFDA.