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.