Joint Group Term Life Insurance

Current 2026-2027 MOAA Joint Term Life Insurance Rates

$1 a month insures all your eligible children. Children 15 days to under 6 months are eligible for $1,000 in coverage and children 6 months through 25 years are eligible for $10,000 in coverage.
Age and Tobacco status are obtained based on oldest covered individual.

NON-TOBACCO RATES: If the older applicant is a non-tobacco user (non-tobacco user means a person who has not used tobacco/nicotine during the 12 months prior to the date he or she applied for coverage) and the difference between your ages is 5 years or less, refer to TABLE A for your monthly rate. If you’re more than 5 years in age apart, refer to TABLE B.

TOBACCO RATES: If the older applicant is a tobacco user (tobacco user means a person who has used tobacco/nicotine during the 12 months prior to the date he or she applied for coverage) and the difference between your ages is 5 years or less, refer to TABLE C. If you’re more than 5 years in age apart, refer to TABLE D.

For your convenience, you’ll be billed quarterly. Premiums increase upon entry into a new 5-year age bracket. You cannot be singled out for a rate increase or a change in benefits and we will notify you in advance in writing of any changes. Note: Other benefit levels are available. For rates, please call 1-800-247-2192.

You’ll pay no premiums if you’re disabled.

If you become disabled, as defined in the Certificate, while covered under this policy, your premiums will be waived during your disability — as long as your disability begins before age 60 while you are covered under the group policy and you are disabled for at least six consecutive months.

Exclusions

Coverage is payable for death by any cause except death from suicide during the first year of coverage, whether sane or insane, for which the only benefit payable is the return of applicable premium contributions.
 

Incontestability

The validity of any amount of your life insurance which has been in force for two years during an insured’s lifetime will not be contested except for insurance eligibility provisions and non-payment of premium contributions.
 

Your Choice of Beneficiary

You may select any person, persons, trust or other legal entity as your beneficiary. If, at the time of your death, there are no surviving beneficiaries, benefits will be paid to the executor or administrator of your estate, or at the option of New York Life Insurance Company, to the owner’s surviving relatives in the following order of survival: spouse; children equally; parents equally; or brothers and sisters equally.
 

Effective Date

You and your dependents will become insured on the date specified by New York Life Insurance Company provided the initial premium contribution is paid within 31 days after the date you are billed (send no money now), satisfactory evidence of insurability has been submitted, and you and your dependents are performing the normal activities of a person in good health of like age on that date. Coverage for any person who is not performing his or her normal activities on the date coverage would otherwise become effective will not become effective until the date he or she is performing such activities, provided such date is within three months of the date insurance would have been effective and the person is still eligible for insurance. (Payment of a premium contribution for insurance does not mean there is any coverage in force before the effective date as specified by New York Life Insurance Company.)

When Coverage Ends

Insurance for you/your spouse can remain in force to age 70, and for your insured dependents as long as they remain otherwise eligible, provided: (a) you continue to pay premium contributions when due; (b) you remain a member of MOAA; and (c) the group policy is not terminated or modified by the Policyholder or New York Life Insurance Company to end insurance for the group of insureds to which you belong. Upon your death, coverage for insured dependents may continue as described in the Certificate of Insurance. Coverage for dependent children terminates upon their attainment of age 26.

Renewal Payments and Claims

Once your application is approved, you will have a 31-day grace period for your payment of renewal premium contributions. When you want to submit a claim, call or write the Plan Administrator, AMBA, for claim forms.
 

Certificate Of Insurance

This information is only a brief description of the principal provisions and features. The complete terms and conditions are set forth in the group policy issued by New York Life Insurance Company to the Military Officers Association of America. When you become insured, you will be sent a Certificate of Insurance summarizing your benefits under the policy. Certain state restrictions apply.

30-Day Free Look

If you’re not completely satisfied with the terms of your Certificate of Insurance, you may return it, without claim, within 30 days. Your coverage will be invalidated, and you will be sent a full refund, no questions asked!