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Level Term II

Smart choice for changing times

  • CheckmarkPremium never increases
  • Checkmark$50,000 - $800,000 coverage
  • CheckmarkCheaper than military's VGLI plan
  • CheckmarkMembers, Military Servicemembers, Member Spouses and Children

About This Plan

What Is Included?

  • One rate that will never change during the term of the policy
  • Select in $5,000 increments from $50,000 to $800,000
  • Flexible Term (minimum 5 years; maximum 30)
  • Death benefit will never decrease for the life of the policy
  • Annual Renewable Option at end of policy term; continue coverage to age 100 (new rates apply at renewal)

Who Is It For?

  • Members aged 18-75 years old:
    • Active Duty, National Guard, or Reserve
    • Veteran
    • Retired
  • Member Spouses aged 18-75 years old
  • Member Children aged 18-75 years old
  • Grandchildren aged 18-26 years old

Sample Rates and Comparisons

Level Term II sample rates

10 Year Level Term Policy

Issue Age $100,000 $250,000 $500,000
Male Female Male Female Male Female
45 $7.40 $6.70 $14.00 $12.25 $25.00 $21.50
50 $10.20 $8.70 $21.00 $17.25 $39.00 $31.50
55 $15.50 $12.20 $34.25 $26.00 $65.50 $49.00
60 $23.80 $16.70 $55.00 $37.25 $107.00 $71.50

This is our BEST RATE CLASS. Rates may be higher depending on individual age, health and lifestyle. Subject to complete terms and conditions of the policy.


Comparison to VGLI $400,000 coverage

20 years of VGLI,
starting at age 45*
20 years of Level Term II,
starting at age 45**
Savings with AAFMAA
$51,120 $11,472 $39,648

To request more information, click here. If you have any questions, or would like to speak with a Membership Coordinator directly, give us a call at 1-866-336-3778.

Please note that medical underwriting review must be completed to determine if you qualify.

*VGLI cost calculated using the monthly premiums.
**Based upon AAFMAA’s Male, Select non-nicotine rates. Rates may change depending on medical qualification.


Six rate categories available

Super Select Select Standard Class I, II and III
For non-nicotine users in excellent health who lead a healthy lifestyle and whose parents and siblings have or had no genetic or familial health problems For nicotine users and non-nicotine users in good health For nicotine users and non-nicotine users who have some medical/weight conditions For nicotine users and non-nicotine users who have multiple medical/weight conditions