See if Military Term Insurance to age 90 is right for you.
- Rates start at just $2.50/month for $50,000 of coverage (under age 30, non-tobacco user)
- Affordable alternative to VGLI and many other military associations
- Coverage up to $1,000,000
- Coverage up to age 90
- Available to non-military spouses
- Eligible children may be covered for up to $12,500 at no additional cost*
- Plans can go with you when you enter civilian life
- Benefits remain level until age 70 then reduce at ages 70 and 80
MBA Military Term Insurance to age 90 was designed specifically for service members and their families, there is no war clause, no limitation on aviation-related deaths and an emergency death benefit (advance payment up to $10,000). And MBA Military Term Insurance to age 90 is underwritten by Metropolitan Life Insurance Company, one of the nation’s top insurance companies.
*Members must elect at least $100,000 of coverage.
Compare MBA Military Term Insurance to age 90 coverage to SGLI and VGLI.
MBA Military Term Insurance to age 90
|Premium||PremiumCompetitive with SGLI, less expensive than VGLI1||SGLI competitive with MBA Military Term Insurance to age 90; VGLI more expensive than Military Term Insurance to age 901|
|Spouse||SpouseSponsored Spouse coverage up to $1,000,000||Limits spouse coverage to $100,000, not to exceed the member’s coverage|
|Eligible Children||Eligible ChildrenCoverage of up to 12,500 available for eligible children under age 262||$10,000 limit on child coverage|
|After service||After serviceCoverage is portable with no further underwriting or increase in premium due to separation or retirement||SGLI coverage ends. VGLI is available, but at higher rates1|
|Terminated member coverage||Terminated member coverageSpouses under this plan are members in their own right. Their coverage continues in the event the sponsoring service member terminates membership, for whatever reason||Family SGLI (and family coverage) terminates when the service member and spouse are permanently separated for any reason|
|Payment options||Payment optionsSeveral options, including credit card, electronic funds transfer, allotment and billing schedule||SGLI automatically deducts the premium from the service member’s military pay; member must opt-out of coverage|
|Coverage increase||Coverage increaseMBA members can apply for an increase in coverage up to a maximum of $1,000,0003||SGLI/VGLI coverage is limited to $400,000|
|Disability & health||Disability & healthMBA membership and coverage can remain active during and after the transition to civilian life, regardless of health at the time of separation or retirement||Service members who are totally disabled at the time of separation or retirement may not qualify for coverage under VGLI if they have serious health problems|
|Additional benefits||Additional benefitsSavings on tuition for members and family, preventive health screenings, a Scholarship Program for dependents, savings on auto and home insurance and other benefits that can help you stay healthy and save money; click here for details|
1For non-tobacco users.
Compare MBA Military Term Insurance to age 90 rates.
Member Monthly Premium Per $50,000 Unit of Coverage (Maximum Coverage up to $1,000,000)*
*Rates increase at 5-year intervals until age 90 when coverage ends.
Member’s Attained Age
Non-Tobacco User Premium
Tobacco User Premium