Why Should I Purchase Life Insurance?

The simple answer is to protect your loved ones. Life insurance can give you peace of mind, knowing those who depend on you for regular income will be financially protected. Navy Federal offers several affordable options.

Term Life

If you’re looking for low-cost coverage, a term life policy is the most affordable type available. You’ll be able to choose for how much and for how long the policy will cover you. Options that don't require a medical exam are available.

Term Life insurance information for All MembersTerm Life insurance information for Military Members

Whole Life

A whole life insurance policy, sometimes referred to as “permanent life,” offers lifelong protection. In addition to insuring your life, it can be customized to address unique financial goals, like transferring your assets and charitable giving. Options that don't require a medical exam are available.

Whole Life insurance information for All MembersWhole Life insurance information for Military Members

 

Supplemental Life Insurance

Life is unpredictable. That’s why we’ve partnered with TruStage Insurance, to offer you affordable accidental death coverage.

Supplemental life insurance information for All Members

FAQs

Not sure where to start? That’s okay—we can help you get the coverage you need to protect you and your loved ones.

Life insurance is an amount of money paid to your loved ones in the event of your death. It can pay off debts and final expenses, fund children's education, pay off a mortgage and take care of day-to-day needs for those who depend on you.

While you can’t pinpoint exactly how much life insurance you’ll need to purchase down to the nickel if you use a strategy that takes into account your current financial situation and future needs, you can make an informed estimate. 

Whole life insurance is probably the most well-known and offers you lifelong protection with benefits including wealth transfer, charitable giving and maintaining the same standard of living for your family. Term life insurance is good for fixed-term coverage needs like paying off a mortgage or funding your child’s education.