Military Group 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 7 to 10 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. AFBA offers low-cost, high value coverage. Call us at 1-800-776-2322 for a quote.

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. (After 70th birthday, coverage terminates on policy anniversary date.) 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.

Military Term Life Insurance Coverage

Life insurance products underwritten by 5Star Life Insurance Company (a Lincoln, Nebraska company) with an administrative office at 909 N. Washington Street, Alexandria, Virginia 22314. Products available in all states plus the District of Columbia, American Samoa, and Puerto Rico. Products offered in the state of New York are underwritten by New York Life Insurance Company located at 51 Madison Avenue, New York, NY 10010 on Policy Form GMR/G-29390-0. New York Life Insurance Company (NAIC No: 66915) is domiciled in New York and licensed/authorized to transact business in the 50 United States and the District of Columbia.