Founded in 1879, Navy Mutual was created after the Battle of the Little Big Horn, the first military engagement in our nation’s then-short history to leave behind no surviving officers to “pass the hat” for their fallen comrades’ widows and orphans. At a time when military service was simply too dangerous for insurers to cover, a small group of Naval officers independently came together to protect their loved ones from the consequences of war. For over 141 years, Navy Mutual’s primary mission has been to provide servicemembers with high-quality, trustworthy life insurance. That vital mission continues to this day. Navy Mutual admits to membership active duty servicemembers, reservists, and honorably discharged veterans of the seven uniformed services. Membership in Navy Mutual gives those individuals access to its life insurance and annuity products for themselves, their spouses and their dependents. Further, its Bylaws permit Members of the Sea Services to participate in Navy Mutual’s governance. Navy Mutual has affordable life insurance options to help provide financial security to its Members and their loved ones. They offer both term life and whole life (permanent) plans, with no fees, sales commissions, or active military service restrictions or war clauses (for those on active duty). Navy Mutual also offers a variety of secure, low-cost annuities, that provide flexible payment options, guaranteed minimum interest rates, and highly competitive fixed returns. Annuities offered by Navy Mutual are funded with after-tax dollars and can be ideal for those who already have well-funded, tax-advantaged retirement account investments. Navy Mutual is also the nation’s oldest federally recognized Veterans Service Organization (“VSO”). As a VSO, Navy Mutual provides free representation to veterans and their families in claims for benefits from the Department of Veterans Affairs. Additionally, Navy Mutual provides financial education to active duty servicemembers and military families at no charge to the U.S. Department of Defense.
Website:
https://www.navymutual.org/
Contact:
Sangeeta Jacob
sjacob@navymutual.org