Life Insurance Options for MOAA Members

Explore life insurance coverage for your stage of service, family needs and long-term goals.

Compare Options

Overview

Life Insurance Options for Different Stages of Military Life

Life insurance can help protect your family from financial strain if you pass away. It may help replace lost income, cover household expenses, pay outstanding debts or provide money for future needs.

MOAA members can explore life insurance coverage options based on their stage of service, family responsibilities and coverage goals. Some options provide coverage for a specified period of time, while others may provide longer-term or permanent coverage. Depending on the coverage, options may also be available for a spouse, children or grandchildren, or with guaranteed acceptance.

Eligibility requirements, coverage amounts, premiums, underwriting and available features vary by coverage.

Compare Life Insurance Coverage Options

Compare six life insurance coverage options available to MOAA members and their families. Select an option below to learn more about its eligibility requirements, features, and terms.

Plan details	Group Level Term Life Insurance	Transition Life Insurance	Youth Group Term Life Insurance	Joint Group Term Life Insurance	Leader Group Term Life Insurance	Guaranteed Whole Life Insurance
Coverage amount	$25,000 – $1,000,000 In $25,000 increments	Up to $250,000 Spouse coverage up to 50% of member's coverage amount	3 Coverage Amounts Available One-time premium	Shared coverage amount for member & spouse Benefit payable after the first covered death	Up to $500,000 Lower maximum coverage amounts at older ages	Fixed coverage amount Coverage builds cash value
Eligibility	MOAA members and lawful spouses Under age 70	MOAA members separating from active service Enroll from 90 days before to 270 days after discharge	Children & Grandchildren Ages 15 days to 25 years who meet applicable requirements	MOAA Member & lawful spouse Both under age 70; children coverage also available	MOAA Members & lawful spouses Under age 75; children through 25	Ages 45 – 85 In New York: 50 – 75
Coverage term	10, 15, or 20 years With available terms based on age	Renewable coverage May continue after separation	Coverage to age 26 Then converts to whole life insurance	Until first death Survivor can continue coverage	Coverage may continue according to its terms Coverage amounts reduce starting at age 60	Whole life Permanent coverage
Medical exam	May not be required up to $500K Underwriting requirements apply	Not required within enrollment window Other eligibility requirements apply	Not required Evidence of good health required	May be required Underwriting requirements apply	May not be required up to $500K Guaranteed acceptance option may be available	No medical exam Or health questions
Coverage Focus	A locked-in rate for a set period Mortgage payoff, college, or retirement	Replaces Servicemembers' Group Life Insurance (SGLI) For officers leaving active service	Life insurance for children & grandchildren From an early age	Shared life insurance One policy, one rate	Long-term protection May continue past a fixed term	Permanent coverage with guaranteed acceptance For applicants who meet eligibility requirements
Carrier	New York Life Insurance Company	New York Life Insurance Company	New York Life Insurance Company	New York Life Insurance Company	New York Life Insurance Company	United of Omaha Life Insurance Company
	Learn More	Learn More	Learn More	Learn More	Learn More	Learn More

Group Level Term Life Insurance

Coverage amount

$25,000 – $1,000,000

In $25,000 increments

Eligibility

MOAA members and lawful spouses

Under age 70

Coverage term

10, 15, or 20 years

With available terms based on age

Medical exam

May not be required up to $500K

Underwriting requirements apply

Coverage Focus

A locked-in rate for a set period

Mortgage payoff, college, or retirement

Carrier

New York Life Insurance Company

Learn More

Transition Life Insurance

Coverage amount

Up to $250,000

Spouse coverage up to 50% of member's coverage amount

Eligibility

MOAA members separating from active service

Enroll from 90 days before to 270 days after discharge

Coverage term

Renewable coverage

May continue after separation

Medical exam

Not required within enrollment window

Other eligibility requirements apply

Coverage Focus

Replaces Servicemembers' Group Life Insurance (SGLI)

For officers leaving active service

Carrier

New York Life Insurance Company

Learn More

Youth Group Term Life Insurance

Coverage amount

3 Coverage Amounts Available

One-time premium

Eligibility

Children & Grandchildren

Ages 15 days to 25 years who meet applicable requirements

Coverage term

Coverage to age 26

Then converts to whole life insurance

Medical exam

Not required

Evidence of good health required

Coverage Focus

Life insurance for children & grandchildren

From an early age

Carrier

New York Life Insurance Company

Learn More

Joint Group Term Life Insurance

Coverage amount

Shared coverage amount for member & spouse

Benefit payable after the first covered death

Eligibility

MOAA Member & lawful spouse

Both under age 70; children coverage also available

Coverage term

Until first death

Survivor can continue coverage

Medical exam

May be required

Underwriting requirements apply

Coverage Focus

Shared life insurance

One policy, one rate

Carrier

New York Life Insurance Company

Learn More

Leader Group Term Life Insurance

Coverage amount

Up to $500,000

Lower maximum coverage amounts at older ages

Eligibility

MOAA Members & lawful spouses

Under age 75; children through 25

Coverage term

Coverage may continue according to its terms

Coverage amounts reduce starting at age 60

Medical exam

May not be required up to $500K

Guaranteed acceptance option may be available

Coverage Focus

Long-term protection

May continue past a fixed term

Carrier

New York Life Insurance Company

Learn More

Guaranteed Whole Life Insurance

Coverage amount

Fixed coverage amount

Coverage builds cash value

Eligibility

Ages 45 – 85

In New York: 50 – 75

Coverage term

Whole life

Permanent coverage

Medical exam

No medical exam

Or health questions

Coverage Focus

Permanent coverage with guaranteed acceptance

For applicants who meet eligibility requirements

Carrier

United of Omaha Life Insurance Company

Learn More

Tell Me More

How Does Life Insurance Work?

Life insurance may provide a death benefit to your designated beneficiary if you pass away while your coverage is in force and the terms of the coverage are met. You pay the required premiums to maintain your coverage.

The application process, coverage duration, premiums, eligibility requirements and underwriting can vary depending on the type of life insurance you request. In general, the process looks like this:

1. Review your coverage needs
Consider who you want to help protect, how much coverage you may need and how long you want that protection to last.

2. Apply for coverage
Select the coverage you want to request and complete the applicable application. Depending on the coverage, eligibility questions, health information or additional underwriting may be required.

3. Pay the required premiums
Once coverage becomes effective, pay the required premiums according to its terms to keep your coverage in force.

4. A death benefit may be paid
If a covered death occurs while coverage is in force, the applicable death benefit may be paid to the designated beneficiary according to the terms of the coverage.

What’s the difference between term and permanent life insurance?

Term life insurance
Term life insurance provides coverage for a specified period of time or according to the terms of the coverage. It may be considered when you want protection during a particular stage of life or while certain financial responsibilities are greater.

Permanent life insurance
Permanent life insurance is designed to provide lifelong coverage as long as applicable requirements are met and required premiums are paid. Whole life insurance is one type of permanent life insurance and may also build cash value over time.

Contact Us

We're here to help! Please contact us in whatever manner is most convenient for you.

Address

AMBA
4050 114th Street
Urbandale, Iowa 50322

Phone

1-800-247-2192

Hours

M-F 7:30a-6p CT

Email

moaa.service@getamba.com

Insurance Company

New York Life Insurance Company
51 Madison Avenue
New York, NY 10010

Insurance Company

United of Omaha Life Insurance Company

AMBA’s Role and Compensation

Already Have SGLI or VGLI?

Many service members already have life insurance through Servicemembers’ Group Life Insurance (SGLI), Veterans’ Group Life Insurance (VGLI) or another source. That existing coverage is an important part of the picture when reviewing your life insurance needs.

As your military status, family responsibilities and financial obligations change, it may be helpful to review how much coverage you currently have, how long it may remain in place and whether there are financial needs you want additional coverage to help address.

Consider your existing coverage alongside factors such as income, debts, housing costs, dependents and future expenses when deciding whether to apply for additional life insurance.

How Much Life Insurance Coverage Should I Consider?

There isn’t one coverage amount that works for everyone. Your needs may depend on your income, family responsibilities, outstanding debts, future expenses and life insurance coverage you already have.

Your needs can also change over time. It may be helpful to review your coverage after major life events such as leaving active service, retiring, getting married or divorced, having or adopting a child, buying a home or experiencing a significant change in household income.

Income your household relies on
Mortgage or housing expenses
Outstanding debts
Children or other dependents
Future education expenses
Final expenses
SGLI, VGLI or other life insurance coverage already in place

Frequently Asked Questions

Do I need to be a MOAA member to enroll in life insurance coverage?

Yes. MOAA life insurance coverage is available to MOAA members who meet the applicable eligibility requirements. Depending on the coverage, a lawful spouse may also be able to apply, and coverage may be available for eligible children or grandchildren.

How can I compare MOAA life insurance options?

Consider who you want coverage for, the amount of coverage you may need and how long you want coverage to last. You may also want to compare eligibility requirements, premiums, underwriting and available features.

Some coverage options are intended for members transitioning from active service, while others provide coverage for a specified term, a member and spouse, children or grandchildren, or permanent protection.

I’m leaving active duty. What happens to my SGLI?

Servicemembers’ Group Life Insurance (SGLI) coverage changes after leaving active uniformed service. MOAA’s Transition Life Insurance may help replace some SGLI coverage for members who meet the applicable eligibility requirements and apply within the specified transition window.

Members outside that window may want to review the other MOAA life insurance coverage options.

Can my spouse get life insurance coverage?

Yes, spouse coverage may be available. Depending on the coverage, a lawful spouse may be able to apply separately, share a coverage amount with the member or be covered after the member has become insured.

Eligibility requirements vary by coverage.

Can I apply for coverage for my children or grandchildren?

Certain MOAA life insurance options may provide coverage for children or grandchildren who meet the applicable requirements. Age limits, coverage amounts, underwriting and continuation or conversion provisions vary by coverage.

Are there life insurance options with guaranteed acceptance?

Yes. Guaranteed acceptance may be available under certain coverage options when applicable age, timing and other eligibility requirements are met. Review the specific coverage details before applying.

Will I need a medical exam?

It depends on the coverage requested and the applicable underwriting requirements. Some applicants may not need a medical exam, while other applications may require health questions, additional information or a medical exam before coverage can be approved.

How much life insurance coverage can I apply for?

Coverage amounts vary by coverage type, age, eligibility and underwriting requirements. Review the individual coverage details for available amounts and applicable limits.

How long does coverage last?

Coverage duration depends on the option selected. Some provide coverage for a specified term, while others may continue according to their terms or provide permanent coverage.

Continued coverage may also depend on paying required premiums, maintaining applicable membership or eligibility requirements and the group policy remaining in force.

Can my coverage amount change as I get older?

Under some coverage options, coverage amounts may reduce at specified ages or premiums may change as you enter a new age bracket. Other options may provide a fixed coverage amount or premiums for a specified period.

Review the applicable coverage details for information about how age may affect your coverage.

Are there exclusions for military service?

Certain MOAA life insurance coverage options state that war or flying in a military aircraft is not excluded. Exclusions, limitations and availability vary by coverage, so review the specific coverage details before applying.

What additional benefits may be included?

Depending on the coverage, features may include an accelerated death benefit, waiver of premium, automatic coverage increases, spouse or child coverage, conversion privileges or guaranteed acceptance.

Features, conditions and limitations vary by coverage.

What happens if I miss a premium payment?

Some coverage options may include a grace period for premium payments. If required premiums are not paid, coverage may lapse or end according to its terms.

Review your Certificate of Insurance for the provisions that apply to your coverage.

How do I file a claim?

A beneficiary or other person submitting a claim should contact AMBA for the applicable claim forms and instructions.

Will I receive a Certificate of Insurance?

For group coverage, when you become insured, you will receive a Certificate of Insurance that summarizes the applicable benefits, terms, conditions, limitations and exclusions.

Is there a free-look period?

Certain coverage options may include a 30-day free-look period. Review the applicable coverage details and Certificate of Insurance for the specific terms of the free-look provision.

Who can I contact for help comparing MOAA life insurance options?

MOAA members can contact AMBA for information about available coverage options, eligibility requirements, application steps and coverage details.

For more information, including the applicable carrier, costs, eligibility, renewability, exclusions, limitations and terms of coverage, review the individual coverage details or contact AMBA at 1-800-247-2192.

This is a summary of benefits only. A complete description of benefits, limitations, exclusions and termination of coverage will be provided in the certificate of coverage. All coverage is subject to the terms of the group policy. If there is any discrepancy between this document and the group policy documents, the policy documents will govern.

Underwritten by New York Life Insurance Company under the following group policies and policy forms: G-31241-0 (10-year), on Form GMR-FACE/G-31241-0; G-31242-0 (15-year), on Policy Form GMR-FACE/G-31242-0; G-31243-0 (20-year), on Policy Form GMR-FACE/G-31243-0; Group Policy No. G-31244-0, on Policy Form G-31244-0/GMR-FACE; Group Policy No. G-31245-0, on Policy Form GMR-FACE/G-31245-0; Group Policy No. G-31240-0, on Form GMR-FACE/G-31240-0; and Group Policy No. G-31240-0, on Policy Form G-31240-0/GMR-FACE.

NEW YORK LIFE and the NEW YORK LIFE Box Logo are trademarks of New York Life Insurance Company.

MOAA-05-13-2025

Underwritten by United of Omaha Life Insurance Company, 3300 Mutual of Omaha Plaza, Omaha, NE 68175. This policy has exclusions, limitations, and reductions. United of Omaha Life Insurance Company is licensed nationwide, except in New York. Policy Form ICC18L198P or state equivalent (D787LFL19P in FL).

Explore Life Insurance Options

Find coverage that fits where you are today

Your life insurance needs may look different depending on your stage of service, family responsibilities, existing coverage and financial goals.

Review the coverage options, or contact AMBA at 1-800-247-2192 for information about eligibility requirements, coverage details and the application process.

Group Level Term Life Insurance

This plan gives you the tools you need to help protect your family’s future. You can select the length of time you need term life coverage (10, 15 or 20 years).

Joint Group Term Life Insurance

Convenient “2 in 1” life insurance covers both you and your spouse under one plan, for one benefit amount — all for one affordable group rate.

Youth Group Term Life Insurance

Give your children or grandchildren a jump start toward a more secure future with benefits that grow with them throughout their childhood.

Guaranteed Whole Life Insurance

An easy way to obtain affordable life protection that’s guaranteed to last your lifetime. No medical exams required.

Leader Group Term Life Insurance

Life insurance is one of the cornerstones of financial planning. Let us help make sure your loved ones are taken care of if something happens to you.

Transition Life Insurance

Officers transitioning from active uniformed service have access to an affordable and guaranteed life insurance option for you and your spouse designed to help replace some of your SGLI coverage.