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Active, Veteran, & Family Policies

Term Life Insurance

Get more coverage for less. You’ll stay protected for a defined period, from 5 to 30 years, or anywhere in between you choose. At the end of the term, your policy expires unless you can renew it or convert it.

Protect Your Earning Years

Is Term Life Insurance Right for You?

Term life insurance is the most popular form available, largely due to its affordability. Depending on your age and other health factors, term life policies can provide hundreds of thousands of dollars in coverage for as little as a few dollars a month — making it a smart, affordable way to protect your loved ones should something happen to you.

Always Affordable & Right-Sized

Get competitive rates on term life coverage from $50,000 to $800,000, with premiums that never increase. Our military-focused policies offer more flexibility than SGLI and are far more affordable than VGLI.

Includes Survivor Assistance

Beyond just a death benefit, our policies include our exclusive Survivor Assistance Services that help your loved ones navigate military benefits and entitlements after you’re gone. Our dedicated team provides personal guidance during one of life's most difficult moments.

Stays with You After Military Service

Unlike SGLI, which ends 120 days after separation, our military term life insurance policy remains with you throughout your transition to civilian life and beyond. Maintain continuous coverage through all of your earning years, without the high and increasing premiums of VGLI.

Lifetime Membership Eligibility

When you purchase a policy, you gain access to exclusive Armed Forces Mutual Membership benefits that can benefit your whole family. Enjoy Member-only services and resources designed for the military community.

No War, Aviation, or Terrorist Clauses

Our policies have no exclusions for combat, hazardous duty, or pilots. We provide full coverage regardless of where your service takes you, with no surcharges for the unique risks of military life.

No Hidden Fees, Surcharges, or Commissions

As a Member-owned organization since 1879, we focus on providing value to our Members, not profits. Our transparent pricing means no hidden fees and no commissions — just affordable protection you can trust.

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Find Your Term Policy

If anyone relies on your income, you need term life insurance. You’ll find a great fit here.

Military life may be challenging, but securing your family’s financial future doesn’t have to be — you can get up to $200,000 of coverage without a physical exam or medical tests. Applying only takes a few minutes.

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Looking for a low-cost supplement to SGLI that offers more coverage? With Level Term I, you can secure up to $800,000 with premiums that never increase and gain peace of mind knowing your family’s future is fully protected with coverage that stays with you after you leave the military.

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Stay protected with up to $800,000 of coverage. Choose a flexible term between 5 years and 30 years, during which your premiums never change, giving you as much as you need when you need it.

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Get a policy you can renew every 5 years up to age 70 — or convert it to Value-Added Whole Life Insurance with guaranteed insurability before age 66. A great solution if you’re a Veteran over 45 who needs time to decide what's next, while keeping your family protected.

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You’ve joined the military to serve your country — now reap the benefits of service with life insurance that goes above and beyond Servicemembers Group Life Insurance (SGLI). Created specifically for those early in their career or training for advanced roles, including officers.

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Simple Term

Easy to Get, Priced Right

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Level Term I

More Coverage, Still Affordable

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Level Term II

Smart Choice for Changing Times

Stay protected with up to $800,000 of coverage. Choose a flexible term between 5 years and 30 years, during which your premiums never change, giving you as much as you need when you need it.

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5-Year Renewable

Coverage to Bridge the Gap

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BeyondBasic^®

Fills SGLI Coverage Gaps

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What Our Members Say

“Since becoming Members of [Armed Forces Mutual] and switching our whole life and adding term policies, we have realized increased savings and value. This has come at a most critical time, as I have recently retired from the Military (Army), and every dollar saved is a plus. Although our previous insurance provider was good, it could not compete with the great savings and exceptional service provided by all of the associates of [Armed Forces Mutual]. The associates took a personal interest in my needs and advised me with a quality product...”

James D., SFC U.S. Army, Member Since 2007

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Quick Answers

Want to Know More?

Here’s some additional information to help you further navigate your choices.

Who needs life insurance?

If anyone relies on you financially — whether through income or contributions like home management or childcare — then you and your family need life insurance.

How do I get a life insurance policy?

Start by determining how much you need, for how long, and what you can afford to pay. Then, identify the best policies that meet your needs.

When is the best time to get life insurance?

If you don’t have life insurance, the best time to get it is today. Life insurance is cheaper and easier to get when you’re younger and healthier. However, Armed Forces Mutual can help you protect your family members and cover your financial obligations with policies made for every stage of your military life and beyond.

Should my spouse and I both have life insurance?

Both you and your spouse should consider life insurance if either of you contributes financially or provides essential caregiving. Dual coverage ensures financial support for living expenses, debts, or childcare in the event of a passing.

What’s the difference between term and whole life insurance?

Term life insurance covers a specified period and pays a death benefit if the insured dies during that time. It typically has lower premiums than whole life insurance.

Whole life insurance offers coverage for life as long as premiums are paid. It typically includes a cash value component that grows over time, allowing you to build savings within the policy.

Is life insurance taxable?

Life insurance payouts are typically not taxable for beneficiaries, allowing them to receive the full amount without taxes. However, taxes may apply if the policyholder's estate exceeds the federal estate tax exemption or if the benefit was transferred for value.

Term Life Insurance

Is Term Life Insurance Right for You?

Find Your Term Policy

What Our Members Say

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All About Term Life Insurance

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