Flexibility to suit your needs...
now and in the future
Coverage under this plan is sold in units of $25,000. You may choose
however many units you like up to $300,000 coverage.
This enables you to have just the right amount of coverage to suit your present needs. Later you may apply for more units or drop units if your responsibilities change or if inflation causes you to need further protection
Term life insurance...a wise choice recommended by financial
Time and time again, leading financial experts recommend term life
insurance because it is the most economical form of life insurance you
can buy. That’s because term life is pure protection...without costly
savings features to drive up the price and which might be better served
in other investments.
Cover your whole family at affordable group rates
AFAVBA offers you a Family Plan at very reasonable rates. Under the
Family Plan, your spouse is insured for 50% of the benefit amount you
choose. Your dependent unmarried children--no matter how many--are
insured for $5,000 each as long as they are between the ages of 6
months and 25 years. Even children under 6 months of age get $250
coverage once they are 15 days old and discharged from the hospital.
No War Clause
Here is a valuable feature you won’t find in many other life
insurance policies! In the interest of Veterans and their dependents,
this AFAVBA program has no limitation or restriction on the payment of
full benefits should the insured be killed in a war or act of war.
Coverage guaranteed renewable to age 85
Once issued, AFAVBA’s Level Term Life Insurance is renewable to age 85.
However, at 65 the amount of coverage automatically reduces to either
50% of the amount then in force, or $50,000, whichever is less.
Regardless of the condition of your health, your insurance is guaranteed renewable and can be terminated only if your membership lapses, you do not pay your premium, or the master policy is discontinued.
No further premiums due if you become disabled
If, prior to your attainment of age 60, you become totally disabled
and the disability lasts for at least 9 months while your coverage is
in force, you may apply for the Disability Waiver of Premium Benefit.
Upon approval, your coverage will remain in force without further
payment of premium on your part, for as long as you continue to be
totally disabled and are otherwise eligible for coverage, to age 85
at the lowest level of coverage.
Policy exceptions and limitations
Benefits for suicide or death as a result of intentionally
self-inflicted injuries (while sane or insane), will not be available
until the amount of coverage has been in force for 12 months.
Convenience plus Money-Back Guarantee
Convenient payment options
Premiums may be paid directly to AFAVBA quarterly, semiannually or
annually. Or you may prefer to pay monthly by government allotment,
automatic debit from your checking account or automatic charge to
your VISA or MasterCard. Many choose the latter ways so as to
eliminate additional bills and the necessity of writing and mailing
If you are not completely satisfied with your coverage when you
receive your Certificate of Insurance, simply return it to us within
30 days. Any premium paid will be refunded to you in full.
Certificates are dated and take effect on the last day of the month
in which the application is approved. Of course, if you do not receive
approval, your premium will be returned to you.
Who is eligible to apply?
Both smokers and non-smokers
are eligible to apply if you’re under age 65, are a member, and meet one of the following requirements:
- You are serving or have served in the U.S. Military;
- You are the spouse or widow(er) of someone who is serving or has served in the U.S. Military.
- You are the ancestor or lineal descendent of someone who is serving or has served in the U.S. Military. (This means children, grandchildren, great-grandchildren, etc. and parents and grandparents of someone with U.S. Military Experience. It does not include aunts and uncles.)
Our group rates are level for 10-year terms to age 50 and 5-year terms thereafter, so you won’t pay more each year as with some policies. And your coverage also remains level until you reach age 65.
This coverage is not currently available to residents of Maine, Washington and Puerto Rico.
Both smokers and non-smokers may apply
If you have not used tobacco products for at least 12 months, you
qualify for our non-smoker discount. See Table of Premiums.
If you already have this insurance and wish more, you may apply for
additional units on the Application provided here.
Want coverage in excess of $300,000? Consider adding to your coverage
with AFAVBA’s Decreasing Term Life Insurance.