Affordable Term Life Insurance for the Military
Get low-cost individual coverage with AAFMAA’s affordable term life insurance option, the Level Term I plan. Level Term I is available for Military Servicemembers and Veterans ages 18 to 49, during which time the death benefit remains level. At age 50*, the death benefit begins decreasing until the plan is ultimately terminated at age 60*.
Level Term I is an excellent military term life insurance option for servicemembers and Veterans. Prior to age 48*, you’re able to convert 100% of the initial face amount of your plan to our Five-Year Renewable Term to continue coverage without any additional medical underwriting. You can also convert to our Value-Added Whole Life policy for the current in-force face amount at any time without additional medical underwriting. New premiums are established at the time of conversion based on your age and nicotine use. Regardless of health, your conversion amounts are guaranteed.
AAFMAA’s Level Term I plan is also available to Military Spouses ages 18 to 49. Members can add up to $10,000 of coverage per dependent child under age 21 to your policy at no additional cost.
*Subtract 10 years for nicotine users
Get Coverage That Doesn't Break the Bank
AAFMAA offers low-cost military term life insurance plans designed for Servicemembers, Veterans, and Military Families. With a Level Term I plan, you’ll get peace of mind knowing your family’s future is protected. Level Term I offers $50,000 - $800,000 of coverage with premiums that never increase and protection that stays with you even after you leave the military — unlike the military's Servicemembers Group Life Insurance (SGLI) plan. AAFMAA is the life insurance solution trusted by the military community for over 142 years.
The Level Term I Plan provides you with financial security without emptying your wallet. Call today to speak with an AAFMAA Membership Coordinator.