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Simple Term

Easy, affordable coverage

  • CheckmarkAffordable and renewable
  • Checkmark$10,000 - $100,000 coverage
  • CheckmarkNo underwriting requirements
  • CheckmarkMembers and Spouse, age 45-75 years

About This Plan

Includes:

  • Coverage at $10,000, $25,000, $50,000, $75,000 and $100,000
  • Express application process
  • No physical exam or medical tests
  • Guaranteed conversion to AAFMAA’s Value-Added Whole Life at any time during the policy life WITHOUT medical exam.
  • Premium waiver if confined to a nursing home for 180 days or more
  • No waiting period – full coverage available from day of approval (lone exclusion is suicide within the first two years)
  • Benefit won’t decrease until policy ends
  • Premiums arranged in five-year age bands that adjust as you age.

Who it's for:

  • Members aged 45-75 years old:
    • Veteran
    • Retired
  • Member spouses aged 45+ years old

Sample Rates

COVERAGE AMOUNT

Issue Age $10,000 $25,000 $50,000 $75,000 $100,000
45-49 $10.28 $20.62 $39.03 $48.27 $57.78
50-54 $12.07 $25.18 $48.49 $60.20 $72.24
55-59 $16.31 $35.95 $70.85 $88.39 $106.46
60-64 $22.37 $51.36 $102.84 $128.71 $155.33
65-69 $28.79 $67.69 $136.76 $171.49 $207.23
70-74 $40.19 $96.65 $196.89 $247.28 $299.15

COVERAGE AMOUNT

Issue Age $10,000 $25,000 $50,000 $75,000 $100,000
45-49 $8.04 $14.94 $27.24 $33.15 $39.24
50-54 $9.41 $18.44 $34.48 $42.22 $50.19
55-59 $12.94 $27.41 $53.12 $65.52 $78.28
60-64 $18.40 $41.27 $81.90 $101.51 $121.69
65-69 $24.64 $57.13 $114.84 $142.68 $171.33
70-74 $35.85 $85.61 $173.97 $216.62 $260.51

Save $1/month by paying through automatic monthly bank account withdrawal (AAFMAA’s EZ Pay) or Military Allotment.

Premiums above are the current monthly rates. Your initial premium is based on your age at issue; premiums increase as you enter each new five-year age band. Premiums are not guaranteed. However, your rates will only change if they are changed for all others in the same class of insureds under this group policy. A group of insureds with the same issue age and gender is an example of a class.