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Generations Plus

Protect what matters

  • CheckmarkLow premiums
  • CheckmarkCoverage from $10,000 - $50,000
  • CheckmarkChildren, Grandchildren

About This Plan

What Is Included?

  • Coverage at $10,000, $15,000, $20,000, $25,000, $30,000 , $40,000 and $50,000
  • Very low premiums, which are locked in when the child is young
  • At age 18, coverage amount doubles automatically with no increase in premium
  • Guaranteed ability to purchase additional insurance with no medical underwriting or physical exams
  • Can exercise 4 guaranteed purchase options to buy up to double the initial face amount each time at ages 21, 25, 30, 35, and/or 40 (Premiums determined at application)
  • Ultimately provides the child with guaranteed ability to get insurance totaling 10 times the initial policy purchased.
  • Lock in ability to get more AAFMAA insurance for life

Who Is It For?

  • Children aged 15 days to 14 years old
  • Grandchildren aged 15 days to 14 years old

Sample Rates and Comparisons

Monthly Premium Rates

Issue Age $10,000 $15,000 $20,000 $25,000 $30,000 $40,000 $50,000
under 1* $5.90 $8.85 $11.80 $14.75 $17.70 $23.60 $29.50
1 $6.00 $9.00 $12.00 $15.00 $18.00 $24.00 $30.00
3 $6.40 $9.60 $12.80 $16.00 $19.20 $25.60 $32.00
4 $6.60 $9.90 $13.20 $16.50 $19.80 $26.40 $33.00
5 $6.80 $10.20 $13.60 $17.00 $20.40 $27.20 $34.00
6 $7.00 $10.50 $14.00 $17.50 $21.00 $28.00 $35.00
7 $7.30 $10.95 $14.60 $18.25 $21.90 $29.20 $36.50
8 $7.50 $11.25 $15.00 $18.75 $22.50 $30.00 $37.50
9 $7.80 $11.70 $15.60 $19.50 $23.40 $31.20 $39.00
10 $8.10 $12.15 $16.20 $20.25 $24.30 $32.40 $40.50
11 $8.30 $12.45 $16.60 $20.75 $24.90 $33.20 $41.50
12 $8.60 $12.90 $17.20 $21.50 $25.80 $34.40 $43.00
13 $8.90 $13.35 $17.80 $22.25 $26.70 $35.60 $44.50
14 $9.20 $13.80 $18.40 $23.00 $27.60 $36.80 $46.00

* minimum age of 15 days


 

Example Coverage

Issue Age $10,000 $15,000 $20,000 $25,000 $30,000 $40,000 $50,000
At Age 18 (coverage doubles with no premium increase) $20,000 $30,000 $40,000 $50,000 $60,000 $80,000 $100,000
By Age 35 or 40 (if all four guaranteed options are executed) $100,000 $150,000 $200,000 $250,000 $300,000 $400,000 $500,000