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Level Term I

Affordable Military Term Life Insurance

  • CheckmarkPremium never increases
  • Checkmark$50,000 - $800,000 coverage
  • CheckmarkFills coverage gaps left by the military's Servicemembers Group Life Insurance (SGLI) plan
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  • For AAFMAA Members, Military Servicemembers, Member Spouses, Children and Grandchildren

About Level Term I

What Is Included in the Level Term I Plan?

  • Individual low-cost coverage
  • Coverage in $5,000 increments from $50,000 to $800,000
  • A premium that never changes
  • Term life insurance, with $10,000 in coverage per dependent child under age 21 at no additional cost with Member's policy. Limited to one per Member/family, not eligible for spouse or dependent policies
  • No limitations by rank or deployment status

Who Is Eligible for the Level Term I Plan?

  • Members aged 18–49 years old, including:
    • Active Duty, National Guard, or Reserve
    • Veteran
    • Retiree
  • Member Spouses aged 18 - 49 years old
  • Member's Children aged 18-49 years old
  • Grandchildren aged 18-26 years old
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Affordable Term Life Insurance for the Military

Get low-cost individual coverage with AAFMAA’s affordable term life insurance option, the Level Term I plan. Level Term I is available for military servicemembers, Veterans, spouses and children ages 18 to 49, during which time the death benefit remains level. At age 50*, the death benefit begins decreasing until the plan is ultimately terminated at age 60*. 

Level Term I is an excellent military term life insurance option for servicemembers and Veterans. Prior to age 48*, you’re able to convert 100% of the initial face amount of your plan to our Five-Year Renewable Term to continue coverage without any additional medical underwriting. You can also convert to our Value-Added Whole Life policy for the current in-force face amount at any time without additional medical underwriting. New premiums are established at the time of conversion based on your age and nicotine use. Regardless of health, your conversion amounts are guaranteed.  

*Subtract 10 years for nicotine users

Get Coverage That Doesn't Break the Bank 

AAFMAA offers low-cost military term life insurance plans designed for servicemembers, Veterans, and military families. With a Level Term I plan, you’ll get peace of mind knowing your family’s future is protected. Level Term I offers $50,000 - $800,000 of coverage with premiums that never increase and protection that stays with you even after you leave the military — unlike the military's Servicemembers Group Life Insurance (SGLI) plan. AAFMAA is the life insurance solution trusted by the military community since 1879.

The Level Term I Plan provides you with financial security without emptying your wallet. Call today to speak with an AAFMAA Membership Coordinator.

Common Questions

A term life insurance policy offers coverage for a fixed period of time. This type of life insurance only guarantees payment of a stated death benefit if the policy holder dies during the specified term. Once the term expires, the policy holder can either renew their coverage for another term, convert the policy to permanent coverage (known as whole life insurance), or allow the policy to terminate.

AAFMAA offers a few military term life insurance plans: Simple Term, Level Term I, Level Term II. 

Each policy’s eligibility requirements vary slightly. In order to qualify for Level Term I affordable life insurance coverage, you must be an AAFMAA Member, Military Servicemember, Veteran, Member Spouse between the ages of 18 and 49, the child of a Member between the ages of 18 and 49, or the grandchild of a Member between the ages of 18 and 26. View all AAFMAA life insurance policies for more information.