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Level Term I

Protect what matters

  • CheckmarkPremium never increases
  • Checkmark$50,000 - $800,000 coverage
  • CheckmarkCheaper than military's Servicemember's Group Life Insurance (SGLI) plan
  • Checkmark
  • AAFMAA Members, Military Servicemembers, Member spouse, Children and Grandchildren

About This Plan

Includes:

  • Individual low-cost coverage
  • Select in $5,000 increments from $50,000 to $800,000
  • Premium never changes
  • Term Life Insurance $10,000 per dependent child under age 21; no additional cost with Member's policy. Limited to one per Member/family; not eligible for spouse or dependent policies
  • No limitations by rank or deployment status
  • Death benefit remains level to age 50* then decreases until termination at age 60*
  • Convert 100% of the initial face amount to Five-Year Renewable Term prior to age 48* to continue coverage without additional medical underwriting
  • Convert to Value-Added Whole Life for the current in-force face amount at any time without additional medical underwriting. New premiums established at conversion based on age and nicotine use
  • Conversion amounts guaranteed regardless of health

*Subtract 10 years for nicotine users

Who it's for:

  • Members aged 18 - 49 years old including:
    • Active Duty, National Guard, or Reserve
    • Veteran
    • Retired
  • Member Spouses aged 18 - 49 years old
  • Children aged 18-23 years old
  • Grandchildren aged 18-23 years old

Sample Rates and Comparisons

Coverage AAFMAA** SGLI***
$100,000 $5.90 $7.00
$250,000 $12.45 $17.50
$400,000 $18.15 $28.00
$600,000 $25.75 N/A
$800,000 $33.35 N/A

** Monthly rates $5.90 is non-nicotine rate. Subject to complete terms and conditions of the policy.
*** Premium shown does not include $1.00 charge to SGLI Traumatic Injury Protection Program (TSGLI)