AAFMAA Revenue and Competitors

Our Mission To be the premier provider of insurance and survivor services to the Army and Air Force communities. Our Structure A non-profit, tax-exempt, member-owned association. Membership exceeds 83,000. The Association's strong financial foundation is a result of careful investing of membership dollars. Our History The Army Mutual Aid Association was established in 1879 after the Battle of Little Big Horn, or "Custer's Last Stand." During frontier times when an officer died, the remaining soldiers would literally "pass the hat" to raise money for the surviving family. This system collapsed, however, with the Battle of Little Big Horn. There were too few survivors to pass the hat, thus leaving the deceased soldiers' families in need. To remedy this situation, Army officers established the Army Mutual Aid Association.1954 Eligibility extended to Guard/Reserve. 1984 Eligibility extended to USAF officers, Guard / Reserve included. 1987 Name changed to Army and Air Force Mutual Aid Association (AAFMAA). 1995 Eligibility extended to NCOs; age limit raised to 66. 2000 Eligibility extended to all Army and Air Force personnel, regardless of rank. 2008 Eligibility extended to Honorably Discharged veterans (any service) residing in Virginia, North Carolina and South Carolina. 2009 Eligibility extended to Honorably Discharged veterans (any service) residing in Maryland. 2009 AAFMAA Financial Advisors LLC established as a wholly-owned subsidiary to perform Member Services, Survivor Assistance Services and other financial services for AAFMAA members and families Our Objective For over a century, AAFMAA has protected service members and their families. With coverage up to $800,000 and over $900 million in assets, we stand ready to protect your financial needs. AAFMAA works hard to earn the trust of its members. All members receive our Survivor Assistance Services, including prompt benefits payments and filing of claim forms with government and insurance providers. Because AAFMAA policies have NO war clause, NO aviation clause or exclusion and NO terrorist clause, payment is certain in the event of a combat death. AAFMAA remains committed to providing the absolute lowest cost life insurance policies to Army and Air Force personnel. Younger insureds can save up to 34% over SGLI with our Level Term I policy. Older members can save thousands of dollars over VGLI with our Level Term II policy. Unlike government plans, you can keep and buy more AAFMAA policies after you leave the military. Call 1-877-398-2263 for rates on our term insurance or Value-Added whole life for members, spouses, children, and grandchildren.