Military Level Term – The Better Alternative
Securing military families since 1947
Available for active duty military, retirees and veterans
You understand what it means to put on your uniform every day and serve this great nation and what it means to have others depend on you. Your family depends on you.
A military family makes great sacrifices that allow their loved ones to serve, and for the family who makes the ultimate sacrifice, the loss of a beloved spouse or other family member is painful enough without added financial worries. Think of the hardship and expenses your family would face alone – without you and the security you provide. Servicemembers Group Life Insurance (SGLI) offers support, but is it enough? For most military families, the answer is no.
Many financial advisors indicate that families need life insurance coverage that equals 5 to 7 times their annual income in order to adequately protect against the untimely death of a breadwinner. And when you leave active duty service, Veterans Group Life Insurance (VGLI), the replacement for SGLI, becomes very costly.
You can provide the protection and peace of mind your loved ones need at affordable rates with the Better Alternative term life insurance coverage offered by AFBA. Active duty, retirees, veterans, and their spouses are eligible to apply.
With Better Alternative military term life insurance, you get:
Affordable life insurance. You can provide $50,000 of protection for your family for as little as $4 a month if you’re under 50 years of age and don’t use tobacco products.
Benefits designed with you—the servicemember—in mind. Our coverage has NO combat or terrorism exclusions, and you are covered on and off duty. So no matter what you are doing or where you are in the world, you are covered 24/7.
No medical exam under age 50 up to $250,000 of coverage and up to age 60 for $100,000 for military members. For spouses, no medical exam under age 40 up to $250,000 and under age 50 up to $150,000. Just complete the enrollment form and answer a few health questions.
Coverage from $50,000 to $400,000. Based on your individual situation, you decide how much coverage is right for you and your family.
Emergency death benefit payment. Up to $15,000 is mailed to the beneficiary within one business day of notification to help your loved ones with immediate costs.
Full coverage after retirement or separation. As long as contributions are paid, coverage continues to age 70*. There are no occupation restrictions, so regardless of what you do after the military, you’re covered. Regardless of any health issues that may develop in the future, you’re still covered.
Family Survivor College Scholarship. Your spouse and children are eligible for $10,000 per year, per family, up to a total maximum benefit of $40,000 toward a college degree, if you are killed in a combat zone as a result of combat action, or as a result of acts of foreign or domestic terrorism. Click here for additional details.
Spouse and child coverage. You can easily purchase coverage for your spouse and child(ren) using the same enrollment form.
Providing peace of mind for your family is affordable and enrolling is easy.
Monthly Contributions (Male/Female) Non-Tobacco
Monthly Contributions (Male/Female) Tobacco*