WebArmy Life Insurance Policies AAFMAA offers a variety of term and whole life insurance policies tailored to meet the needs of all soldiers and their families, including: Level Term I Members and military spouses ages 18-49 Individual low-cost coverage, with premiums that never increase Select in $5,000 increments from $50,000 to $800,000 WebNote 2 The Term Life Event Option Rider is available at no additional cost with a Level Term V life insurance policy. It gives you a one-time option to purchase additional term life insurance upon the occurrence of a Life Event. Additional insurance limited to the lesser of $100,000 or the face amount of the base policy.
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