- Life Insurance
To be the premier provider of insurance and survivor services
to the Army and Air Force communities.
To be the absolute lowest cost provider of life insurance
products to the Army and Air Force communities.
A non-profit, tax exempt service organization. Army and Air
Force personnel on active duty or retired status (Reserve
Component included) are eligible for membership. Membership
exceeds 63,000. The Association's strong financial foundation
is a result of over 120 years of investing membership dues
in successful endeavors.
The Army Mutual Aid Association was established in 1879 after
the Battle of Little Big Horn, or "Custer's Last Stand."
During frontier times when an officer died, the remaining
soldiers would literally "pass the hat" to raise
money for the surviving family. This system collapsed, however,
with the Battle of Little Big Horn. There were too few survivors
to pass the hat, thus leaving the deceased soldiers' families
in need. To remedy this situation, Army officers established
the Army Mutual Aid Association.
- Eligibility extended to Guard/Reserve.
1984 - Eligibility extended to USAF officers, Guard / Reserve
1987 - Name changed to Army and Air Force Mutual Aid Association
1995 - NCOs admitted; age limit raised to 66.
2000 - Eligibility extended to all Army and Air Force personnel,
regardless of rank
AAFMAA Life Insurance Overview
offers a variety of low cost whole and term policies to meet
the life insurance needs of their members and their spouses
with coverage of up to $500,000 total per person. Unlike most
commercial life insurance policies, their policies have no
wartime clause or aviation exclusion, so you can be assured
your benefit will be paid in the event of a combat death.
This policy gives members and their spouses the protection
of permanent whole life insurance plus growth in cash value
and, in time, increased death benefits.
Term to Age 50
This policy is designed for, but not limited to, active duty
personnel and their spouses who need insurance to complement
or replace their SGLI coverage.
Level Term II
You pick the length and amount of coverage. AAFMAA give you
level premiums and death benefit for the life of the policy.
Renewable Term Life Insurance
This policy for up to age 70 is written in 5-year intervals
with guaranteed renewability. It is attractive for those who
do not need the long-term benefit of a whole life policy or
are not sure how long they will need term insurance.
This policy is designed to pay for your children or grandchildren's
college education in the untimely event of your death.
for your Spouse
Once you become a member, your spouse is eligible to be insured
with any of the same policies for which you are eligible.
Insurance amounts are available as low as $10,000 to as much
for Children and Grandchildren
For the youngsters in your life. Preserve your wealth and
save for your childs or grandchilds future with
this Whole Life Interest-Sensitive policy.
AAFMAA - Value Added Whole Life
in two ways.
Available in $10,000 units up to $500,000. Accumulates cash
value and increases death benefits over time. Cash value growth
is tax deferred and there are no surrender charges.
history of above average crediting rate.
The crediting rate of the policy is NOT guaranteed and is
based on AAFMAAs annual investment performance. AAFMAA
is a non-profit, tax exempt organization with minimal operating
expenses and no sales force working on commissions. Professional
investment management and a conservative long-term perspective
generate consistently high returns. Currently their crediting
rate is 8.25%.
plans to fit your life.
You select a payment plan to fit your financial needs. Accelerated
payment plans such as single premium, 7, 20 and 30 year provide
faster policy pay-up and greater growth of cash value and
death benefits. Monthly, quarterly and annual premium payments
If dissatisfied at any time with this policy you are absolutely
guaranteed a total refund of all your premiums paid.
102 Sheridan Avenue,