Navy Mutual Life Insurance
Financial protection for those who protect the rest of us

Navy Mutual has affordable life insurance options to help provide financial security for your loved ones. These high-quality, low-cost policies are a smart way to protect those who matter most to you.

  • Both term life and whole life (permanent) plans are available
  • There are no fees, sales commissions, or active military service restrictions (for those on active duty)
  • Navy Mutual life insurance is backed by a team committed to serving you and your loved ones

Term Life Insurance

Term life insurance is a simple and affordable way to protect your loved ones. The death benefit they receive can be used to pay off debt (such as car loans or a mortgage), fund a child’s education, cover final expenses, or help replace lost income.

Navy Mutual offers three term life insurance plans:

Flex Term
Flexible coverage at the lowest cost.

Level II Plus Term
Affordable coverage up to age 85.

Express Term
Same-day coverage with no medical exam.

Whole Life Insurance

Whole life insurance is permanent life insurance. This coverage combines a guaranteed death benefit and fixed premium with the option to access the policy’s tax-advantaged cash value and potential dividends.

Navy Mutual offers whole life insurance that can be tailored to fit your individual budget and estate planning needs.

Flagship Whole Life
Permanent life insurance that builds tax-deferred cash value.

A side-by-side comparison of our plans:

Flex Term Level II Plus Term Express Term Flagship Whole Life
Initial Coverage Amount$50,000 to $1,000,000$50,000 to $1,000,000$250,000$10,000 to $1,000,000
Length of CoverageFlexible up to age 50Flexible up to age 8510 yearsLifetime
Available for Ages18 to 50*20 to 75**18 to 5518 to 80
Accelerated Death Benefitcheck markcheck markcheck markcheck mark
Child Benefit Ridercheck markcheck markcheck mark
Guaranteed Convertibilitycheck markcheck mark
No Medical Examcheck mark
Tax-Deferred Cash Valuecheck mark
Potential Dividendscheck mark
Chronic/Terminal Illness Optioncheck mark
Generations Coveragecheck mark
Paid-Up Additions Ridercheck mark

*Age 40 for nicotine users | **Must be purchased before the insured’s 75th birthday

Permanent Life Policy Transfer

You may be able to transfer the cash value of another life insurance policy to Navy Mutual without triggering an immediate taxable event. This type of transfer is called a 1035 Exchange. To ensure your potential transfer qualifies, contact us today or consult your tax advisor.

Life Insurance Needs Calculator

Find out how much life insurance you may need.

Life Insurance Basic Training

Get answers to questions you may have about life insurance.

Take the next step:

Questions? Call 1-800-628-6011