A Better Retirement Income Solution

ANNUITYLife® — Secure Your Retirement

Create an income stream you can’t outlive and protect your financial future with a better alternative to traditional annuities, designed exclusively for Veterans and military families.

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Why Choose ANNUITYLife®?

Everything You Want from an Annuity, Nothing You Don’t

Enjoy income you can count on, without a medical exam or upfront fees. It’s a better solution than traditional annuities, plus exclusive benefits for you, because you’re part of the military community.

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3% Earnings
Earn a guaranteed 3% when you annuitize immediately.
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No Hidden Fees
Don’t worry about what you don’t see. There are no upfront fees, commissions, or surrender charges.
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Flexible Options
Enjoy whole life insurance with a long-term care settlement option available before annuitizing.
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Exclusive Benefits
Access all the advantages of Armed Forces Mutual Membership for life, including our exclusive Survivor Assistance Services.
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Considering an Immediate Annuity?

ANNUITYLife® Is a Better Choice for You

Anticipating and preparing for your retirement is critical to ensuring your financial security — and annuities can offer the stable peace of mind you need. 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.

Advantages of ANNUITYLife®
ANNUITYLife is not a traditional immediate annuity — it's better. With no upfront fees or commissions, you maintain control of your money. You can annuitize immediately to earn 3%. Or, before annuitizing, you can enjoy whole life insurance coverage with a Long-Term Care Settlement Option at no additional cost. Additionally, you can retrieve your entire initial investment with no surrender charges from Armed Forces Mutual before you annuitize.
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Create Guaranteed Retirement Income

ANNUITYLife is a Modified Endowment Contract (MEC) that allows premiums to be paid into a life insurance policy more quickly than normal. MECs grow tax-deferred and provide a tax-free death benefit, making them a beneficial alternative to traditional annuities. When you annuitize, you convert your investment into a guaranteed income stream that ensures your money lasts as long as you do.

Added Value of Membership Benefits
With ANNUITYLife, you receive all the benefits of Armed Forces Mutual Membership, plus our exclusive Survivor Assistance Services that provide your loved ones with dedicated support navigating the complex process of receiving all entitled benefits from your military service once you pass. You'll also receive a secure Digital Vault in the Member Center to store essential documents at no additional cost. No other annuity provider includes these value-added products and services.
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Who Is ANNUITYLife ® for?
Available to US military Retirees, Veterans, and their Spouses, as well as Surviving Spouses of deceased US military Veterans, ANNUITYLife is ideal for those approaching or in retirement. It’s a smart option if you have savings you want to convert to a reliable income stream, such as 401(k) savings, required minimum distributions (RMD), investments in higher-risk assets, or proceeds from inheritance or large asset sales.
ANNUITYLife® Is Different
Advantages of ANNUITYLife®
ANNUITYLife is not a traditional immediate annuity — it's better. With no upfront fees or commissions, you maintain control of your money. You can annuitize immediately to earn 3%. Or, before annuitizing, you can enjoy whole life insurance coverage with a Long-Term Care Settlement Option at no additional cost. Additionally, you can retrieve your entire initial investment with no surrender charges from Armed Forces Mutual before you annuitize.
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How It Works
Create Guaranteed Retirement Income

ANNUITYLife is a Modified Endowment Contract (MEC) that allows premiums to be paid into a life insurance policy more quickly than normal. MECs grow tax-deferred and provide a tax-free death benefit, making them a beneficial alternative to traditional annuities. When you annuitize, you convert your investment into a guaranteed income stream that ensures your money lasts as long as you do.

Exclusive Advantages
Added Value of Membership Benefits
With ANNUITYLife, you receive all the benefits of Armed Forces Mutual Membership, plus our exclusive Survivor Assistance Services that provide your loved ones with dedicated support navigating the complex process of receiving all entitled benefits from your military service once you pass. You'll also receive a secure Digital Vault in the Member Center to store essential documents at no additional cost. No other annuity provider includes these value-added products and services.
More About Member Benefits
Who Can Apply?
Who Is ANNUITYLife ® for?
Available to US military Retirees, Veterans, and their Spouses, as well as Surviving Spouses of deceased US military Veterans, ANNUITYLife is ideal for those approaching or in retirement. It’s a smart option if you have savings you want to convert to a reliable income stream, such as 401(k) savings, required minimum distributions (RMD), investments in higher-risk assets, or proceeds from inheritance or large asset sales.
Member Stories

Our Members Say It Best

Common Questions

Want to Know More?

Look below for answers to some of the deeper questions you may have about ANNUITYLife®. If you can’t find the information you’re looking for here, give us a call to speak directly with a Membership Coordinator.

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How is  ANNUITYLife® different from traditional annuities?
Unlike traditional annuities, ANNUITYLife has no upfront fees, commissions, or hidden charges. You maintain control of your money with the option to annuitize immediately at 3% or to maintain whole life insurance coverage with a Long-Term Care Settlement Option before annuitizing. You can also retrieve your entire initial investment with no surrender charges before annuitizing.
What happens if I pass away before annuitizing?
If you pass away before annuitizing your policy, your survivors will receive the face value death benefit tax-free, because ANNUITYLife functions as whole life insurance until you annuitize.
Is a medical exam required to apply for  ANNUITYLife®?
No. Armed Forces Mutual does not require a medical exam to apply for an ANNUITYLife policy. All you have to do is answer three simple medical questions confirming that you are neither presently in a hospital, confined to a bed, nor have a known terminal illness expected to result in death within two years of policy issue.
How much does an  ANNUITYLife® policy cost?
Unlike other annuity products, ANNUITYLife has no upfront fees or commissions to pay. You simply make your initial investment in the form of a net single premium of $750 per $1,000 of policy benefit ($10,000-$1,000,000 coverage) — because ANNUITYLife is a life insurance policy first with an immediate annuity option. Otherwise, as your money earns our industry-leading current crediting rate* of 4.5%, we subtract a small administrative cost of 0.75% from those earnings, giving you a net crediting rate of 3.75%. When you annuitize, Armed Forces Mutual bases your income stream on your initial premium plus any cash value growth in the policy at that time.

Not All Annuities Are the Same

Creating a guaranteed income that you can’t outlive doesn’t have to cost you a lot in fees and commissions. Learn more about annuities and how ANNUITYLife® is a better alternative.

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Claim the trusted protection, dedicated support, and personal service you deserve today. Start your Armed Forces Mutual Membership journey now.

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*Armed Forces Mutual's crediting rate for ANNUITYLife® is currently 4.5% for 2025, minus an administrative cost, currently 0.75% for a net current return of 3.75%. This rate is NOT guaranteed and is subject to change. The guaranteed crediting rate is 2.5%, minus the administrative fee for a net guaranteed return of 1.75%. 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. Armed Forces Mutual 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.