You need affordable life insurance that fits your mobile lifestyle. Watch out for hidden military service restrictions and war clauses. In times of peace and war, Navy Mutual has provided quality life insurance at affordable prices for military members and their families, since 1879.
Are You Getting Ready to Deploy?
You have a lot on your mind when preparing to deploy. Reduce the stress by following this simple checklist to take care of some of the details. Click here for a printable version of this list.
- Update — or create — your will
- Update your Record of Emergency Data
- Consider the need for a Power of Attorney
- Re-examine your life insurance plan
- Review your SGLI and other insurance beneficiary designations to make sure they list those you want to receive benefits
- Create a spending plan that includes additional money needed for deployment related expenses while you are away
- Determine how you will pay your bills while away
- Make sure someone knows where all important papers are located (bank account statements, investment, deeds, and insurance policies (life, medical, property/casualty) etc.
- Review your family’s assets and investments – make sure your survivors know where the money is and why it is there
- Verify that someone has access to current names, addresses, and contact information for: Command Ombudsmen or Key Spouse, Emergency Relief Society and Family Support Center, Family Members, Close Friends, Attorney, Financial Planner, CPA, Place of worship, Car repair shop, Handyman for routine home maintenance
Why You Need Life Insurance Now
Life Insurance is designed to protect the financial security of your loved ones if you pass away. It is there to make up the difference between what your family needs and what they have available.
- Your family depends on your income for their financial security
- SGLI is limited to $400,000 – is that really enough?
- You may be headed to a hazardous duty zone and want greater peace of mind
Click here to find out how much insurance is right for you now.
Which Life Insurance is Right for You?
Term Life Insurance
- Low cost protection for a fixed period of time
- Premiums guaranteed never to increase
Best Choice: for those looking for the highest amount of life insurance possible while keeping premiums very low. More Term Life Information.
Permanent Life Insurance
- Guaranteed lifetime protection
- Tax-deferred cash value growth
Best Choice: for you to protect both yourself and your family for your entire life while accumulating cash value. Permanent Life Information.
Active Duty Military Members
You need life insurance with no military restrictions
- No aviation clauses
- No terrorism clauses
- No war clauses
- No location restrictions
Best Choice: an insurance plan that will stay with you regardless of where you are or what you do. Insurance with No War Clauses
How We Can Help
Insurance plans with Navy Mutual do not carry any military service restrictions: no war clauses, no terrorism clauses, nothing. Unlike many of our competitors, Navy Mutual always allows you to purchase the maximum amount of insurance we can offer – you are not limited just because you are going to a high risk area.
- Dedicated membership representative to help you determine exactly what your family needs now
- Military benefits specialists that take into account any military benefits that might apply to you already
- Counseling and military benefits claims assistance for your survivors
- No sales fees, commissions and loads on any products or services keep your cost low
Learn More about How Navy Mutual Serves the Military and You.
