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Military Spouses & Dependents

Holiday gifts that children will find valuable for life


Most of us spend lots of money around the holidays on gifts – especially for the children in our lives. Nothing beats the look on a child’s face when they unwrap the number one item on their wish list. The reality, however, is that no gift stays a child’s favorite for very long.  Many won’t last until next month, let alone next year.  

Well, there is a way to give the children in your life a gift that will have true value for the rest of their lives – and beyond (and at a fraction of the price of the latest trendy toy). Purchasing life insurance coverage for your children and grandchildren may seem unnecessary for some people, but it is a great way to get them started in securing their financial future.  It’s also a great way to introduce them to AAFMAA.  Children and grandchildren who have a policy with AAFMAA prior to age 24 can continue to purchase insurance from AAFMAA in the future.  Here are the products available to children and grandchildren of Members:

Value-Added Whole Life – permanent life insurance for children and grandchildren ages 6 months through age 23.  Provides permanent life insurance that builds cash value over time, tax deferred.  The premium never increases and the coverage never decreases.  Provides the flexibility to pay the policy up so premiums payments are not required for the life of the child.  Coverage is available from $10,000 t0 $1,000,000.  Lock in the low rate now and secure permanent life insurance protection for a lifetime.

Generations Plus – permanent insurance for children and grandchildren ages 15 days through 14 years.  Coverage is available at $10,000, $15,000, $20,000, $25,000, $30,000, $40,000 and $50,000.  Coverage automatically doubles at age 18 with no increase in premium.  Generations Plus also guarantees the child the option to purchase additional insurance at two times the original coverage amount at ages 21, 25, 30, 35 and/or 40 with no medical underwriting or physical exams.  That’s an increase of 10 times the original coverage guaranteed!  A child who starts with a $50,000 policy can increase to $500,000 by age 40, guaranteed.

Level Term I – term insurance for children and grandchildren ages 18 through age 23.  A great low-cost way to get your children started with life insurance and introduced to AAFMAA.  Coverage is available from $50,000 to $800,000.  In addition, this policy can be converted to the Value-Added Whole Life policy at any time, guaranteed.      

For more information on how to get started, contact a Membership Coordinator at 1-866-311-1812 or get a quote online.