This content is sponsored by MOAA Insurance Plans.
In your family’s most recent photo, step yourself out of the picture. What would their life look like without you?
You are their hero. Financially, you may also be the breadwinner. Make sure you provide them with a solid financial floor should they need to go on without you.
3 Big Ways MOAA Life Insurance Is Different
While there are many places to find life insurance, as a military officer, whether actively serving or retired, one of your best sources is MOAA.
- All plans are group rated and may better fit your budget.
- All are portable, and independent of any employer plans.
- Each features high service standards. You know it will be there when your family needs it.
Which Type Is Right for You?
The simplest way to choose life insurance is to consider your life stage.
- At Separation. The Active Service Discharge Group Term Life Insurance Plan, offers benefit amounts up to $250,000 (depending on age) without any medical exam if you enroll within 270 days of leaving active service. You and your spouse are guaranteed acceptance.
- When Your Family Is Young. You can use MOAA’s Group Level Term Life Insurance Plan to establish a premium and a term (10, 15, or 20 years) that works for you and your family. With cash benefits up to $500,000, both you and your spouse can apply. Rates are comparable to VGLI and there are NO military exclusions.
- You can guarantee your children or grandchildren life insurance options regardless of illness, injury, or career choice with MOAA’s Youth Life For a one-time premium, you can purchase up to $10,000 of coverage that your child or grandchild can convert to whole life insurance later.
- At Your Career Peak. For coverage that reflects your earning power, choose MOAA’s Leader Group Term Life Insurance. With benefits up to $1 million (under age 50), both you and your spouse can apply. It’s also portable — independent of employer plans.
- Into Retirement … Senior Whole Life Insurance is available to members ages 45-85 and is guaranteed regardless of health conditions. Sometimes called a “final expense” plan, you may get up to $25,000 in coverage.
3 Big Mistakes to Avoid
In selecting life insurance, people get into trouble in three ways: 1) If you wait too long, you can become uninsurable due to illness; 2) Age increases your premiums, many of which “lock” at age of entry; and 3) Not buying enough to do what you need it to do. MOAA helps you avoid all these issues, with personal assistance available by phone, if you have any questions. To learn more, visit moaainsurance.com/life or call 1-800-247-2192.