Protect your military family today. Call: phone icon1-800-522-5221


A Better Solution for Your Immediate Annuity Needs

  • CheckmarkEverything you want from an annuity, and nothing you don't
  • CheckmarkNO upront fees. NO commissions. NO surprises.
  • CheckmarkGet an income stream you cannot outlive
  • CheckmarkAchieve financial confidence in retirement

About This Plan

What is Included?

  • No upfront fees or hidden charges.
  • Easy and transparent application process.
  • Permanent benefits of AAFMAA Membership, including Survivor Assistance Services and a secure Digital Vault for vital document storage at no additional cost to you.

Who is it for?

  • Veterans, Retirees, and their Spouses
  • Military Widows and Widowers
  • Those approaching, or in, retirement with savings they want to convert to a stream of income, such as RMDs, investments in higher risk assets, proceeds from inheritance or asset sales, etc.

Considering an immediate Annuity? Get a Better Solution with ANNUITYLife and Ensure Your Money Lives as Long As You Do.

Anticipating and preparing for your needs in retirement is a critical element of ensuring your financial security. ANNUITYLife is a safe and affordable way to get secure, lifetime income from your retirement savings, without the concerns you might have about traditional annuities. You’ll never worry about running out of money in retirement again. Before you annuitize, you can redeem your money at any time with no charges from AAFMAA.

ANNUITYLife is not a traditional annuity. It’s better. Here’s how:

  • No upfront fees, commissions or hidden charges.
  • You’re in control. Annuitize immediately and earn 3%.
  • You’ve got options. Before you annuitize, you have whole life insurance coverage with a long-term care settlement option at no additional cost and you can get back all of your initial investment with no surrender charges from AAFMAA.
  • You get exclusive AAFMAA membership benefits
  • You can breathe easy knowing AAFMAA is exclusively for Veterans and their families.

You get more than just an annuity — you get all the benefits of AAFMAA Membership.

With ANNUITYLife, you receive all the benefits of AAFMAA Membership, including our exclusive Survivor Assistance Services.After you pass away, your loved ones receive dedicated support in navigating the complex process of receiving all the entitlements and benefits they are entitled to from your military service. AAFMAA will be with your survivors for life. You also receive an online Digital Vault to store your vital documents efficiently and securely, at no additional cost to you. Not to mention, if you die prior to annuitizing your policy, you have whole life insurance coverage that will pay your survivors a death benefit tax-free.

*Plan on waiting before you annuitize? Click here for more information on Wealth Builder Life Insurance, which can be another option for you.

Common Questions

Unlike a traditional annuity, ANNUITYLife gives you options and the flexibility to design your own retirement and create your own pension on your terms, without any upfront fees or hidden charges. If you delay annuitizing, you have whole life insurance coverage with a long-term care settlement option, at no additional cost, and you can get back all of your initial investment with no surrender charges from AAFMAA. It’s a safe, trusted solution available only to members of the military community that allows you to set up a secure income stream in retirement that ensures your money lives as long as you do.

AAFMAA does not require a medical exam to qualify for an ANNUITYLife policy. All you have to do is answer three simple medical questions confirming that you are not presently in a hospital, confined to a bed, or have a known terminal illness expected to result in death within two years of issue.

Unlike other annuity products, ANNUITYLife has no upfront fees or commissions to pay. You simply make your initial investment — because ANNUITYLife is a life insurance policy first with an immediate annuity option, this is in the form of a net single premium of $785 per $1,000 of policy benefit ($10,000-$1,000,000 coverage) to start your policy along with an administrative cost of 0.75% that is subtracted from our current crediting rate of 5.0%. When you annuitize, we base your stream of income on that initial premium plus any cash value growth in the policy at that time.

Subject to terms and conditions of the policy, including exclusions and limitations. There is no insurance coverage unless you apply and are accepted by AAFMAA, a policy is issued and you pay the required premium. No war, aviation, terrorist clause. All policies include Survivor Assistance Services.

*AAFMAA's crediting rate for ANNUITYLife is currently 5.0% for 2020, minus an administrative cost, currently 0.75% for a net current return of 4.25%. This rate is NOT guaranteed and is subject to change. The guaranteed crediting rate is 3.0%, minus the administrative fee for a net guaranteed return of 2.25%. ANNUITYLife is a life insurance policy. It is not long-term care insurance.

ANNUITYLife policies are Modified Endowment Contracts (MECs) subject to the Technical and Miscellaneous Revenue Act of 1988 (TAMRA). Under TAMRA, you may owe taxes and penalties if you surrender or take a loan against the cash value in the policy. Please read important tax information here. AAFMAA does not provide tax advice. If you have questions about the tax implications of this product or other life insurance products you own, please consult a qualified tax professional.

The U.S. Government does not sanction, recommend, or encourage the sale of this product. Subsidized life insurance may be available from the Federal Government.