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Active, Veteran, & Family Policies

Whole Life Insurance

One of the most important ways to protect your loved ones is to ensure they’re covered if the unthinkable should occur. Whole life solutions feature premiums that never go up, the opportunity to build cash value, and protection that is designed to last for your entire life.

Permanent Protection

Is Whole Life Insurance Right for You?

Life insurance provides peace of mind — not just for you, but for your whole family. Whole life policies guarantee that peace of mind lasts your entire life. Not to mention, they can also provide certain tax advantages and an opportunity to grow wealth and efficiently distribute it to your family after your passing.

Lifelong Protection with Benefits

Whole life monthly premiums never go up, which is why it is smart to take out a whole life policy as early in life as possible. However, because of the many benefits of whole life insurance, premiums will be higher than a term life policy with the same death benefit. It costs more, because you get more.

Includes Survivor Assistance

Beyond just a death benefit, our exclusive Survivor Assistance Services are included with every policy to 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.

Cash Value Growth

Whole life insurance has the added benefit of building tax-deferred cash value that isn’t dependent on current market rates and that can be used later in life, such as for higher education, large purchases, or retirement, if needed.

Lifetime Membership Eligibility

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

Benefits of Armed Forces Mutual Membership

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.

FAQs About Our Policies

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Find YourWhole Life Policy

No matter your age or life situation, Armed Forces Mutual offers a variety of whole life insurance policies designed to meet your family’s needs. Plus, with an Armed Forces Mutual policy, you receive all the added benefits that come with Armed Forces Mutual Membership while you grow your policy’s cash value at industry-leading crediting rates.

Military life is full of transitions. With each change, your financial needs evolve. But your future financial outlook can remain steadfast and consistent when you have a powerful asset that’s more than just a life insurance policy — it’s a lifelong financial tool designed to grow stronger over time.

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Get the benefits of an immediate annuity, without any of the fees or commissions of traditional annuities. ANNUITYLife^® is the smart option for any Veteran or military spouse approaching or in retirement who wants to convert their retirement savings to a guaranteed lifetime stream of income.

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This is 1 plan with 4 retirement solutions built in to help you thrive in your golden years. It’s permanent coverage that continues to grow your retirement savings at a high crediting rate, tax-deferred, over time without any RMDs. Not to mention, you can get access to your cash value anytime through a policy loan or by surrendering your policy, with no penalties from Armed Forces Mutual.

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Get life insurance without answering any medical questions or undergoing any physical exams. Lock in your premiums at issuance, and they will never change over the life of the policy. This is a good option if you don’t have permanent coverage and want to protect your family without enduring medical underwriting.

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No health questions or medical exams are needed to secure this coverage. Older Veterans and military spouses can protect their families from their final expenses, regardless of their current medical condition.

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Although it may not seem like children need life insurance, investing in a whole life policy while they’re young provides them with protection and a smart path to a solid financial future. Lock in permanent coverage at affordable rates that guarantees your kids’ insurability, regardless of future health conditions. Then, rest easier knowing you’ve set your child or grandchild up for future financial success — they won’t have to worry about getting permanent life insurance coverage for themselves later at a higher rate.

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Value-Added Whole Life

Permanent Coverage for Everyone

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ANNUITYLife^®

Never Outlive Your Savings in Retirement

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Wealth Builder Life Insurance

Cover Your Retirement Needs

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Guaranteed Acceptance+

Coverage without Questions

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Final Expense+

Cover Your Final Expenses

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Generations Plus

Protection and Preparation for Kids

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Quick Answers

Want to Know More?

Review common questions below to help you better understand your options.

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 dependents 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.

Whole Life Insurance

Is Whole Life Insurance Right for You?

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