Affordable Life Insurance for Children and Grandchildren
The main reason for buying a life insurance policy is to protect and provide for those who depend on you financially, even after your death. While it may not seem necessary to purchase life insurance for a child or grandchild — someone who does not have dependents who rely on their financial support — a Generations Plus policy passes on lifetime access to AAFMAA benefits and puts your younger generations on the path to a secure financial future.
Purchase life insurance for your child or grandchild now to lock in permanent coverage that guarantees their insurability, regardless of future health conditions. No matter what happens, you can rest easier knowing you’ve set your child or grandchild up for financial success in their future and they won’t have to worry about getting permanent life insurance coverage for themselves in the civilian marketplace at a much higher rate.
Read more: Why insure your child or grandchild through AAFMAA?
Protect What Matters Most with Generations Plus from AAFMAA
Generations Plus grants you peace of mind knowing your child or grandchild is protected by AAFMAA coverage from $10,000 to $50,000, with low premiums that are locked in while your child is young (under the age of 14). When they turn 18, their coverage amount will automatically double with no premium increase. This policy also guarantees your child’s ability to purchase additional insurance later in life, with no medical underwriting or physical exams.
When you purchase AAFMAA life insurance for your children and grandchildren, they’re entitled to take advantage of our other products and services as long as their original policy is active—even much later in life. Not only can they purchase additional life insurance coverage in the future at lower rates, but they’ll also have access to mortgages, wealth management, and the other financial services AAFMAA offers exclusively to the military community.
The Generations Plus Plan provides important financial security to your children and grandchildren for years to come. Call to speak with an AAFMAA Membership Coordinator today.