Navy Mutual Life Insurance
Financial protection for those who protect the rest of us.
- Choose term or permanent coverage
- Free from military service restrictions
- Backed by a team committed to service
- Are you eligible?
- Member since 2019
Term Life Insurance
Term life insurance is a simple and affordable way to protect your loved ones for a specified duration. Level premium payments result in a death benefit that can be used to pay off debt or a mortgage, fund a child’s education, cover final expenses, or help replace lost income.
Navy Mutual offer two term life insurance plans:
Flex Term
Flexible coverage at the lowest cost.
Level II Plus Term
Affordable coverage up to age 85.
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 while the insured is still alive.
Navy Mutual offers one whole life insurance plan that can be tailored to fit your budget and estate planning needs.
Flagship Whole Life
Permanent life insurance that builds tax-deferred cash value.
Navy Mutual’s Life Insurance Plans
Flex Term | Level II Plus Term | Flagship Whole Life | |
|---|---|---|---|
| Who can get coverage? | Individuals ages 18 to 49 | Individuals ages 20 to 75 | Individuals ages six months to 80 |
| How long does coverage last? | Until age 50, or 40 for nicotine users | Term lengths of 10 to 30 years in increments of five Coverage cannot last beyond age 85 | Until death |
| How much coverage is offered? | $50,000 - $1,000,000 | $50,000 - $1,500,000 | $10,000 - $1,500,000 |
| Special Features | Guaranteed convertibility Accelerated death benefit | Guaranteed convertibility Accelerated death benefit | Accelerated death benefit Dividends Cash value policy loans |
| Medical Exam* |  |  |  |
Wondering how much life insurance you need? Navy Mutual’s Basic Life Insurance Needs Calculator considers your annual income, age, immediate cash needs, long-term income needs, and available cash resources when calculating coverage. Do the math.
Already have a permanent life insurance policy? 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 adviser.
Life Insurance Basics
If you are ready to learn the basics of life insurance, here is the place to start. Then, when you are ready to review your needs, you can schedule a consultation with a representative.
Life Insurance FAQs
You may have questions about life insurance, so we created a list of our most frequently asked questions for you to search through. If you need help, you can always call.