Navy Mutual continues to support that mission today by providing exceptional life insurance and annuity products, assisting sea service members and their survivors in securing the federal benefit to which they are legally entitled, and providing education on matters of financial security which are specifically tailored to the military member and family. Navy Mutual is a nonprofit, federally tax-exempt, mutual benefit Veterans Service Organization which was established in 1879 by sea service members for the purpose of providing financial protection to the sea service member and family. What Do You Receive from Navy Mutual?