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The Impossible Choice: Housing, Schools & Financial Stability

2021-03-26

Like civilian families, military families must make trade-offs to balance the needs of their family members when they move. But as we all know, military families typically experience more frequent relocations—meaning that those hard decisions come more often.

When anticipating a PCS move, military families must consider what housing option would best support their needs. In addition to the family’s overall financial situation, considerations include a spouse’s career, quality of schools, availability of child care, a child’s health needs, the need or desire to be on base, or the geographical distance from extended family and other support networks.

It is nearly an “impossible choice,” but one that military families have to make quite often. 

Learn from Experts

The Military Family Experience 2021: Path to Recovery

Blue Star Families’ Military Family Lifestyle Survey results release event, The Military Family Experience 2021: Path to Recovery took on the tough decisions military families have to make in a robust and engaging conversation on March 30 and 31.

AAFMAA President BG Michael J. Meese, Ph.D. (USA, Ret.) joined Rebecca “Becky” Porter, Ph.D. (President and CEO, Military Child Education Coalition) and Shelley Kimball, Ph.D. (Research Director, Military Family Advisory Network) as a panelist on The Impossible Choice: Housing, Schools & Financial Stability, which took place on Tuesday, March 30, 2021 at 12 PM ET.

Watch these lively discussions to hear the latest research that will shape the military community agenda for the next year and beyond. 

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.