For AFA and AFAVBA Members
Decreasing Term Life Insurance Plan

Level Term Life | Multi-Benefit Accident

bullet pays highest benefits...up to $400,000...when you need them most
bullet contains no war clause and same low cost for flying personnel
bullet economical group premiums not available to the general public


Four plans to suit your needs

Choose benefits up to $200,000, $300,000, or $400,000, depending on your age and your family's needs. Each plan pays its highest benefits when your responsibilities are greatest. You benefit from this arrangement in that your overall premiums are lower so that when you grow older and are on a fixed income, you will not be paying higher and higher premiums as with many other types of life insurance.

Premiums start at just $10 a month and do not increase as you grow older

Imagine, for as little as $10 a month you can have as much as $200,000 life insurance protection to assure your loved ones’ futures in the event of your death. Plus your premiums are level; they do not increase as you grow older.

Whole family coverage for just $2.50

Regardless of the level of coverage you choose, an additional $2.50 each month can insure your spouse and all of your unmarried dependent children up to 21 years of age.

No war extra charge for flying status personnel

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 benefits should the insured be killed in a war or act of war.

Likewise, there is no restriction on benefits or extra premium charged to personnel who are on flying status. AFAVBA’s plan provides full coverage for all Veterans...all the the same cost!

AFAVBA Pays Your Premiums From Age 95

Once issued, AFAVBA’s Decreasing Term Life Insurance is renewable to age 95. After age 95, a death benefit of $1,000 (and $1,000 for your Spouse if you had Family coverage at age 95) will be continued at no cost to you. AFAVBA will pay your premiums to MetLife on your behalf.

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 95, at the lowest level of coverage.

Convenience plus Money-Back Guarantee
Apply Today!

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 checks.

Satisfaction guaranteed

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:

  1. You are serving or have served in the U.S. Military;
  2. You are the spouse or widow(er) of someone who is serving or has served in the U.S. Military.
  3. 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.)

Want coverage in excess of $400,000? Consider supplementing coverage under this plan with AFAVBA’s Level Term Life Insurance.


Four plans to choose from...there's one to fit your needs.
Remember, premiums do not increase as you grow older!

$30 /mo
High Option Plus
$20 /mo
High Option $15 /mo Standard
$10 /mo
Plus this optional family coverage may be added to any of the 4 plans for just $2.50 per month
Member's Attained Age Coverage Coverage Coverage Coverage Coverage
For Spouse
Coverage For Each Child*
20-24 n/a $400,000 $300,000 $200,000 $50,000 5,000
25-29 n/a 350,000 262,500 175,000 50,000 5,000
30-34 n/a 250,000 187,500 125,000 40,000 5,000
35-39 n/a 180,000 135,000 90,000 30,000 5,000
40-44 $150,000 100,000 75,000 50,000 20,000 5,000
45-49 90,000 60,000 45,000 30,000 10,000 5,000
50-54 60,000 40,000 30,000 20,000 7,500 5,000
55-59 42,000 28,000 21,000 14,000 5,000 5,000
60-64 27,000 18,000 13,500 9,000 3,000 5,000
65-69 12,000 8,000 6,000 4,000 2,000 5,000
70-74 7,500 5,000 3,750 2,500 1,000 5,000
75-79 6,000 4,000 3,000 2,000 1,000 5,000
80-84 4,500 3,000 2,250 1,500 1,000 5,000
85-89 3,750 2,500 1,825 1,250 1,000 5,000
90-94 3,000 2,000 1,500 1,000 1,000 5,000
95+ 1,000 1,000 1,000 1,000 1,000  

* Between the ages of 6 months and 21 years, each dependent unmarried child is provided $5,000 coverage. Children under 6 months are provided with $250 coverage once they are 15 days old and discharged from the hospital.

**Coverage is complimentary from age 95 on. AFA will pay the premiums to the underwriter on your behalf.
*Policy exceptions

Benefits for suicide or death as a result of intentionally self-inflicted injuries (while sane or insane) will not be effective until coverage has been in force for 12 months.

How to Apply

1.Download and print the Application Form for this plan.

2. Send the completed Application and initial payment to:

AFA Group Insurance Program
P.O. Box 14464
Des Moines, IA 50306

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