This content is sponsored by MOAA Insurance Plans.
As a retired or former military officer, you’ve likely made careful plans to protect your family and secure your legacy. But even if your children are grown and your mortgage is paid off, life insurance may still be a valuable part of your retirement strategy.
September is Life Insurance Awareness Month, a reminder that no matter your life stage, financial readiness is an ongoing mission. For MOAA members, it’s a chance to reevaluate how life insurance fits into your current priorities — whether it’s protecting your spouse, maintaining liquidity, or strengthening your legacy.
Below are three reasons why life insurance may still belong in your retirement plan.
1. You May Still Carry Debt or Provide Support
Even in retirement, many officers maintain financial responsibilities — from home upkeep and vehicle loans to caring for aging parents or supporting adult children. Life insurance can provide financial stability to those you support, ensuring obligations are met without delay.
It’s one more way to continue your duty of care and relieve family members of added burdens during difficult times.
2. You Want to Preserve Your Nest Egg
Years of disciplined saving can make it hard to shift into spending mode. If you're hesitant to use investment accounts for travel, long-term care, or giving, life insurance can provide reassurance. By serving as a replacement for spent assets, it can help protect your spouse or estate plan should the unexpected occur.
This level of flexibility allows you to live fully today while protecting the mission-critical funds your family may depend on later.
3. You’re Thinking About Legacy and Final Expenses
Life insurance offers a streamlined, tax-advantaged way to provide for loved ones or make a final impact. Whether you want to cover funeral costs, support a favorite cause, or pass on financial security to your children or grandchildren, life insurance offers a path forward.
Even if you’re already enrolled in the Survivor Benefit Plan or receive other federal benefits, additional life insurance can provide cash liquidity without delay — giving your family access to funds without affecting other earned entitlements or requiring the sale of assets.
What Can Affect Your Quote for Life Insurance?
While MOAA Insurance Plans are designed with officer households in mind, timing still matters.
- Age. While coverage is available after age 60, you'll typically have more choices and better rates before you turn 60.
- Health. Changes in your health can impact eligibility or cost, so it’s best to apply while in good health.
Explore Life Insurance Options Created for Military Families
MOAA Insurance Plans are tailored for current and former officers and their spouses. They’re developed with your career, planning habits, and retirement goals in mind.
You’ll find a range of plans that reflect MOAA’s commitment to members' lifelong security:
- Leader Group Term Life Insurance: Up to $500,000 in coverage, 24/7 protection, no exam for many, plus living and disability benefits.
- Group Level Term Life Insurance: Designed with predictable premiums and coverage amounts.
- Senior Whole Life Insurance: Guarantees up to $25,000 in permanent coverage with no medical exam.
- Joint Group Term Life Insurance: A convenient “2-in-1” plan designed for couples.
Plans are competitively priced, include tax-free benefits in most cases, and are available exclusively to MOAA members and their spouses.
Get a Quote During Life Insurance Awareness Month
Life Insurance Awareness Month is the ideal time to reassess your coverage and explore how MOAA-sponsored plans can support your goals. Whether you're safeguarding a spouse, enhancing your estate plan, or simplifying your financial legacy, MOAA is here to help.
Get a free, no-obligation quote, or talk to a licensed representative by phone or live chat.
Call 1-800-247-2192 or visit moaainsurance.com today.