Review Your Life Insurance Coverage?


Many of us allow our life insurance to just remain as is, year after year, even when our lives have changed in ways that will effect how much coverage may be appropriate.  The vast majority of servicemembers sign up for SGLI when they come on to active duty and don?t think about life insurance again after that.  Others may have obtained policies from other life insurance providers, like Army and Air Force Mutual Aid Association (AAFMAA), Navy Mutual Aid Association, or USAA and as soon as the policy is approved, they put life insurance out of their mind.  In the meantime, life may have changed to include a spouse, a mortgage, children and/or grandchildren, college expenses, etc.  That?s why you should periodically review your life insurance coverage to make sure you have the appropriate life insurance for your current situation.  Review your current level of coverage and type of policy(s) you have.  One thing to consider is whether you have a need for term insurance, permanent insurance, or a combination of both.  Maybe you need coverage for a select period of time.  If so, a term policy may be just the thing for you.  If budget constraints are a concern, term may be the best alternative.  Though permanent insurance generally costs more, it can assist in your long- range financial planning.  

The amount of coverage you need will be determined by many things, to include your current salary, if you have an income-earning spouse, the number and age of your children, size of your mortgage, and the lifestyle of your family.  There are a number of websites that can help you calculate your needs.  AAFMAA offers a needs analysis calculator at    There are many things to think about when reviewing your life insurance.  For Army and Air Force personnel, AAFMAA can help.  Please call an AAFMAA Membership Coordinator today, toll-free at 1-877-398-2263.  They are waiting for your call!  They are full-time salaried employees who do not work on commission and will try to find the very best product for your individual needs.  You can also visit the AAFMAA website for additional information or to request a quote at     

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Life Insurance