5-Year Renewable Term
Affordable, short-term coverage in 5-year increments that give you time to decide what's next while keeping your family protected. The plan offers $50,000 to $800,000 of protection at competitive rates, which adjust every 5 years between the ages of 45 and 70 at renewal.
Straightforward Protection
Easy coverage that keeps you protected while you consider your long-term options.
Protection on Your Terms
Keep your family protected while you navigate transitions and determine the coverage you want for the future.
5-Year Renewable Term provides $50,000 to $800,000 of coverage in 5-year increments, renewable through age 70. It's ideal when you need time to evaluate your long-term insurance needs but don't want to leave your family unprotected. Whether you're transitioning from military service, your longer-term policy is expiring, you’re between jobs, or simply need breathing room to make important financial decisions, this plan provides affordable protection without long-term commitment.
Applying for 5-Year Renewable Term is simple and efficient. The application includes basic health questions, and depending on your age and coverage amount, a medical exam may be required. Our Membership Coordinators can guide you through each step, making the process as smooth as possible. Once approved, you'll have peace of mind knowing your family is protected while you consider your long-term insurance strategy.
Just like VGLI, your premium for 5-Year Renewable Term will increase when you renew. However, for many Veterans, especially those in good health, 5-year Renewable Term will always be significantly more affordable than VGLI. Plus, you can secure up to $800,000 in coverage compared to VGLI's $500,000 maximum. This means more protection for your family at a better value, giving you greater financial confidence during times of transition.
The 5-Year Renewable Term gives you time to evaluate your long-term needs without pressure. When you're ready, you can upgrade to other Armed Forces Mutual products or simply renew your current coverage. This flexibility is especially valuable during career transitions or when your financial situation is evolving. Our Membership Coordinators can help you understand all your options when you're ready to make a more permanent decision.
5-Year Renewable Term is ideal for servicemembers transitioning out of the military, Veterans who need time to evaluate their long-term insurance needs, or anyone who wants affordable coverage without a long-term commitment. Coverage starts as early as age 45 and can be renewed every 5 years to age 70.
Flexible Protection
5-Year Renewable Term provides $50,000 to $800,000 of coverage in 5-year increments, renewable through age 70. It's ideal when you need time to evaluate your long-term insurance needs but don't want to leave your family unprotected. Whether you're transitioning from military service, your longer-term policy is expiring, you’re between jobs, or simply need breathing room to make important financial decisions, this plan provides affordable protection without long-term commitment.
Easy Application
Applying for 5-Year Renewable Term is simple and efficient. The application includes basic health questions, and depending on your age and coverage amount, a medical exam may be required. Our Membership Coordinators can guide you through each step, making the process as smooth as possible. Once approved, you'll have peace of mind knowing your family is protected while you consider your long-term insurance strategy.
VGLI Comparison
Just like VGLI, your premium for 5-Year Renewable Term will increase when you renew. However, for many Veterans, especially those in good health, 5-year Renewable Term will always be significantly more affordable than VGLI. Plus, you can secure up to $800,000 in coverage compared to VGLI's $500,000 maximum. This means more protection for your family at a better value, giving you greater financial confidence during times of transition.
Coverage, Not Commitment
The 5-Year Renewable Term gives you time to evaluate your long-term needs without pressure. When you're ready, you can upgrade to other Armed Forces Mutual products or simply renew your current coverage. This flexibility is especially valuable during career transitions or when your financial situation is evolving. Our Membership Coordinators can help you understand all your options when you're ready to make a more permanent decision.
Who Can Apply?
5-Year Renewable Term is ideal for servicemembers transitioning out of the military, Veterans who need time to evaluate their long-term insurance needs, or anyone who wants affordable coverage without a long-term commitment. Coverage starts as early as age 45 and can be renewed every 5 years to age 70.
Life Insurance Answers for Veterans
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Get Coverage While You Decide
Don't leave your family unprotected while you consider your long-term options. Our 5-Year Renewable Term provides affordable, low-commitment coverage, giving you time to plan your next steps.