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

Navy Mutual provides affordable life insurance coverage to current and former servicemembers and their families. Let us help provide financial security to your loved ones and protect those who matter most to you.
  • Choose term or permanent coverage
  • Free from military service restrictions
  • Backed by a team committed to service
  • Are you eligible?
Navy Mutual made it convenient for me to get insured. Their competitive rates and understanding of the military lifestyle made it the best choice for me.

- 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 49Individuals ages 20 to 75Individuals ages six months to 80
How long does coverage last?Until age 50, or 40 for nicotine usersTerm 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 FeaturesGuaranteed convertibility

Accelerated death benefit
Guaranteed convertibility

Accelerated death benefit
Accelerated death benefit

Dividends

Cash value policy loans
Medical Exam*
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*Medical exam may not be required depending on the age of the insured and coverage amount requested.

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.