Navy Mutual Aid Association

Navy Mutual Aid Association
Navy Mutual Aid Association

Navy Mutual Aid Association is a nonprofit, federally tax-exempt, mutual benefit Veterans Service Organization which was established in 1879 by sea service members for the purpose of providing financial protection to Navy, Marines, Coast Guard, National Oceanic and Atmospheric Administration, United States Public Health Service Commissioned Corps members and their families.

As of November 2011, Navy Mutual has over 112,000 military members and families insured.


Membership Eligibility

  • United States Navy (Active, Reserve, Retired)
  • United States Marine Corps(Active, Reserve, Retired)
  • United States Coast Guard (Active, Reserve, Retired)
  • National Oceanic and Atmospheric Administration (NOAA) (Active, Reserve, Retired)
  • United States Public Health Service Commissioned Corps (USPHS) (Active, Reserve, Retired)
  • Honorably Discharged Navy, Marines, Coast Guard, NOAA, and PHS members that reside in MD, VA, NC, and SC.


Life Insurance

  • Permanent ‘Plus’ (Whole Life): Permanent ‘Plus’ is an interest sensitive whole life insurance plan that combines the protection of permanent life insurance with exceptional tax-deferred cash value growth. Whole life insurance
  • Level II ‘Plus’ (Term Insurance ages 50+): Level II ‘Plus’ Term is term life insurance that provides a level death benefit at a guaranteed level premium for the amount of time you choose. Term life insurance
  • Flex Term (Term Insurance for under age 50): Flex Term is term life insurance that provides a level amount of coverage at a guaranteed level premium for individuals under age 50 (40 for nicotine users). Term life insurance
  • Express Term ‘Plus’ (no medical exam insurance): Express Term ‘Plus’ is a term life insurance plan that requires no medical examination. Designed for those between the ages of 18 and 55, Express Term ‘Plus’ provides $250,000 of life insurance coverage for a 10-year time period with guaranteed level premiums.


  • Single Premium Deferred Annuity: Navy Mutual’s Single Premium Deferred Annuity (SPDA) is a nonqualified, fixed annuity contract that allows an individual to deposit a lump sum premium and have the value of that deposit increase on a tax-deferred basis until the money is needed in the future. The interest rate on this contract is guaranteed for a fixed period of time which the owner chooses. Plus, we offer you a 1% “premium bonus” that we add to your account for annuities purchased with a “lock-in” period of 7 or more years.
  • Flexible Premium Retirement Annuity: A Flexible Premium Retirement Annuity (FPRA) from Navy Mutual is a nonqualified, fixed annuity contract which provides several valuable wealth accumulation features: tax-deferred interest accumulation; low initial contribution requirements; the ability to make random future contributions at anytime; and an interest rate which will vary throughout the year.
  • Single Premium Immediate Annuity: A Single Premium Immediate Annuity (SPIA) is a nonqualified fixed annuity contract that you purchase with a single premium deposit and then benefit from an immediate stream of income. You can guarantee income payments for a specific amount of time, design them to last the rest of your life, and/or choose to have them continue to your survivor after you pass away.

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