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In The News

AAFMAA Recognized as a V3 Certified Employer

2021-04-07

We are pleased to announce that AAFMAA has been recognized by the Virginia Values Veterans (V3) program as a V3 certified employer.  V3 is a Virginia Department of Veterans Services (DVS) program that aims to assist Virginia companies in implementing best practices in recruiting, hiring, and retaining Veterans.  

“AAFMAA was founded for the military community by the military community, so we know the value Veterans bring to the workforce firsthand. We are excited to be part of the V3 program and continue our legacy of supporting the Veteran community through our hiring practices,” said Tiana Fallavollita, Vice President, Human Resources. 

V3 certification also grants us access to resources that will strengthen our relationship with the Veteran workforce, such as connection to military job seekers through the Virginia Transition Assistance Program and teaming opportunities with other V3 employers. 

“AAFMAA’s mission has always been to give back to those who have served our country, and providing them with fulfilling jobs after they transition out of the service is just another way to do that,” stated BG Mike Meese (USA, Ret.), President.  “Employing veterans on our staff really helps as we provide life insurance, wealth management, and mortgages exclusively for military, veterans, and their families.”   

Currently, 34% of AAFMAA employees are Veterans or are military family members.  

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.