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Financial Planning

AAFMAA Is Here For You During COVID-19

2021-01-19

Updated: February 16, 2022

As the growing coronavirus (COVID-19) outbreak continues to affect our country, AAFMAA recognizes the significant challenges facing our military community, such as childcare concerns, spouse income security, travel restrictions, PCS delays, and the need to keep older Veterans healthy. With these rising challenges comes the need, more than ever, to ensure your family’s financial security. AAFMAA continues to provide solutions for your financial future in this time of uncertainty – just as it has since 1879.

What AAFMAA Financial Solutions May Help During this Crisis?

Get financial assistance without the hassle.

Current Servicemembers in ranks E-5 to O4 can get $5,000 at a low 1.5% annual interest rate with AAFMAA’s CAP Loan. Even if you’ve had one before, you may be able to qualify for another one now. No credit check. No fees. No kidding.

Ease financial constraints.

AAFMAA has solutions designed to help free up your current finances, so you can direct your money where you need it now. If you’re looking to buy a home or refinance a mortgage during this time, AAFMAA Mortgage Services LLC has great rates that may help you save money now and in the long-term.

Chart your path to success.

Due to global response to the disease, the stock market has seen record volatility in recent weeks. A well-established financial plan is the best way to address these current fluctuations and set yourself up for continued financial success in the long-term. Speak with an AAFMAA Wealth Management & Trust LLC Relationship Manager today to take advantage of a complimentary portfolio review and get on the path to success.

Maintain security into the future.

AAFMAA Life Insurance provides you the affordable coverage you need to ensure your family’s security for generations to come. Compare AAFMAA’s rates, coverage and service to any other provider and you’ll see the difference. No other provider offers AAFMAA’s exclusive Survivor Assistance Services, which takes care of military families like no one else can.

For our Members: Continued Service, No Delays

  • To best serve you during this global health crisis, we have enabled many employees to work remotely, while increasing workplace security and sanitation for those operating from our offices, which remain open during normal business hours (8:30 a.m. to 5:30 p.m., ET). Likewise, you can continue to access your life insurance policy information through the online Member Center, where you can also update your records and beneficiaries.

  • If the COVID-19 outbreak has created an immediate financial hardship and you’re concerned about paying your life insurance premium, call us and discuss your options. Your AAFMAA life insurance policy has a 60-day grace period and there may be other options to ensure your policy does not lapse.

  • Should your family experience a death during this very difficult time, AAFMAA is here for you. Our expert Survivor Assistance team is always available at 888-851-2493 (option 2).

What Resources are Available Through AAFMAA's Great Military Community Partners?

AAFMAA is proud to partner with a number of organizations offering the military community specialized support during this time.

  • The COVID-19 Military Support Initiative powered by the Association of Defense Communities and Blue Star Families has brought together members of the entire military and Veteran services community to aggregate and share the most current and relevant information about COVID-19 as it relates to the military community. They have a resource library filled with great events to support military families.

  • Team RWB has increased the number of virtual workouts and events to support the health of our Military Community while maintaining CDC-recommended social distancing. Learn more here.

  • RallyPoint has opened a discussion board dedicated to COVID-19, so members of the military community can share information and support each other during this time. Learn more here.

  • Army Emergency Relief has a number of response plans for those effected by COVID-19. Learn more here.

  • Air Force Aid Society prepared a statement on how they remain ready to assist Airmen and their families during this time. Learn more here.

  • Coast Guard Mutual Assistance (CGMA) offers several emergency relief programs related to COVID-19 on their website. Learn more here.

  • MILLIE released a special episode of their Baseside Chats video series to help parents whose children’s schools have closed due to COVID-19. Learn more here.

Financial PlanningLife InsurancePCS Resources COVID-19