Finder may earn compensation from partners, but editorial opinions are our own. Advertiser Disclosure

Navy Mutual life insurance review 2021

Portable life insurance that follows military members wherever they go.'s rating: 4 / 5


  • Get a quote if… you or a loved one is currently serving in, or has retired from, the military.
  • Use a different policy provider if… you have no connection to military service.

18 to 85

Issue Age

$10,000 to $1,000,000



Medical Exam Required


Policies Flex Term, Express Term Plus, Level II Plus, Flagship Whole Life
Coverage maximum $1,000,000
Term lengths 5 to 30 years
Medical exam required No
Available states All states
Issue age 18 to 85 years old


  • Portable coverage
  • No-medical-exam option
  • Online application
  • No military service restrictions
  • Lack of war or terrorism clauses
  • High retention rate
  • Financial strength
  • Flexible eligibility


  • Limited customer service
  • No live chat
  • Strict health conditions
  • Discrepancy in rates
Riders No info available

Review by

Katia Iervasi is a staff writer who hails from Australia and now calls New York home. Her writing and analysis has been featured on sites like Forbes, Best Company and Financial Advisor around the world. Armed with a BA in Communication and a journalistic eye for detail, she navigates insurance and finance topics for Finder, so you can splash your cash smartly (and be a pro when the subject pops up at dinner parties).

Expert review

Military members are usually hit with higher life insurance rates because of their hazardous work. That’s not the case with Navy Mutual. The insurer caters to the military by offering portable coverage and getting rid of the restrictions for aviation, travel and war. But the customer service window is short, and customers report huge discrepancies between the quoted and final rate.

Best of 2021
Finder experts pick Navy Mutual as a 2021 best brand for life insurance.

Navy Mutual life insurance rates

Your premium is a product of your age, health, lifestyle and hobbies, as well as the length and amount of coverage you purchase. Unlike most insurers, Navy Mutual won’t hike up your rate for having a dangerous occupation.

What affects my rate with Navy Mutual?

Its underwriting considers:

  • Tobacco use. To qualify for the highest rate class, you’ll have to prove you haven’t smoked tobacco in the past five years.
  • Age. Young, healthy applicants are privy to cheaper premiums.
  • Gender. Women have a higher life expectancy than men, so they usually pay lower premiums.
    Driving record. If your recent record is free from major traffic violations and DUI, you’ll most likely get a better rate.
  • Criminal history. People with a criminal conviction may find it harder to get coverage.
  • Health.
  • Hazardous hobbies. While Navy Mutual doesn’t have military service, aviation or travel restrictions, it does look at your lifestyle outside of work. If you have high-risk hobbies like deep diving or race car driving, the insurer may charge a higher premium to compensate.
  • Alcohol and drugs. Navy Mutual can’t extend coverage to those who have a recent history of alcohol or drug abuse.

How to get a quote from Navy Mutual life insurance

Get started online in four steps by clicking the Go To Site button below:

  1. Enter your contact information.
  2. Choose who the coverage is for, enter a birth date, and whether or not you’re a nicotine user.
  3. Select a life insurance product, and how much coverage you want & for how long.
  4. Review your information and click Submit.

To sign up with a representative, call Navy Mutual at 800-628-6011.

What types of life insurance coverage does Navy Mutual offer?

As a policyholder, you can carry term life or whole life coverage. These are the options.

Term life

  • Flex Term. Navy Mutual’s most affordable policy, this plan has level premiums based on the amount of coverage you choose. Flex Term guarantees your coverage and monthly premium until age 50, or 40 if you use nicotine. With the Guaranteed Convertibility Feature, you can convert to a whole life policy up until two years before the end of the term. Otherwise, when it expires, you can purchase another term policy or let it lapse.There are no restrictions, and the coverage continues after you separate or retire from the military.The death benefits range from $50,000 to $1,000,000, and you can add an accelerated death benefit or child rider to this policy.
  • Express Term Plus. This simplified issue policy doesn’t require a medical exam. Designed for those who need coverage quickly — like military members preparing for deployment — it’s a 10-year policy with a fixed monthly premium and a death benefit of $250,000. To apply, you must be between 18 and 55 years old.Like the Flex Term, there are no military restrictions and you can carry the coverage with you into retirement. There isn’t much room for customization, but you have the option to add an accelerated death benefit rider.
  • Level II Plus. Open to those 45 to 85 years old, this term life policy offers level coverage and stable premiums. You’ll have to commit to five years of coverage; after that, you can purchase more in one-year increments.Coverage starts at $50,000 and goes up to $1 million in increments of $10,000.There are three rate tiers based on health:
    • Standard: For those with average health.
    • Select: For people with a payment plan of 30 years or less, in above-average health.
    • Super-Select: For those with a payment plan of 30 years or less, in above-average health. To qualify, you must be a nonsmoker with a low-risk lifestyle and a good family health history.

    You can dress up this policy with riders and convert to a whole life plan with no physical. If you pass away during the term, your beneficiaries will receive a guaranteed death benefit.

Whole life

  • Flagship Whole Life. Navy Mutual’s only permanent policy is available to those 18 to 80 years old. It offers lifelong coverage as well as a fixed premium. Over time, the policy accumulates cash value and policyholders are eligible to receive dividends based on the company’s profit. Once you’ve built up enough cash value, you can borrow against your policy to pay for things like college tuition or a home. The limit is 75% of the available cash value.Coverage starts at $10,000 and is capped at $1 million. You can opt into the accumulated death benefit or paid up additions rider. If you have children, you can purchase a Flagship Whole Life policy in their name, up until they turn 26.When you die, your beneficiaries will receive a guaranteed death benefit and a cash value benefit.

What is the Guaranteed Convertibility Feature?

If you’ve purchased Navy Mutual’s Flex Term policy, you can convert to the Flagship Whole Life policy before you turn age 48 — or 38 for nicotine users — without a medical exam. Your new premium is based on your age and the insurer’s standard rate at the time of conversion.

What riders can I add to my policy?

Navy Mutual’s policies are pretty basic, but you can enhance and customize your coverage with these riders:

  • Accelerated death benefit rider. In the case of chronic or terminal illness, you can receive the majority of the death benefit as a lump sum. To qualify, you must have carried coverage for more than five years at the time of diagnosis.
  • Child rider. For $2.50 per month, you can purchase protection for your children six months to 26 years old. There’s a level death benefit of $10,000 per eligible child, and you can convert the coverage to Flagship Whole Life before the child’s 24th birthday.
  • Conversion rider. This rider allows you to convert to a whole life plan up to age 70 or five years before your term life policy expires.
  • Guaranteed insurability rider. Allows you to purchase additional insurance at specified dates without having to take a medical exam.

Navy Mutual life insurance reviews and complaints

Navy Mutual isn’t accredited with the Better Business Bureau (BBB), but it’s earned an A+ rating for its operations and customer satisfaction. The BBB registered three complaints in the last three years, all of which were addressed and closed by the insurer.

Though there are no reviews on TrustPilot or Feefo, Navy Mutual has positive reviews on personal blogs and military-minded websites, like Customers praise the insurer for catering to military members by customizing policies and removing clauses for war and travel. Some customers said there can be a discrepancy between the quoted rate and the final rate.

While Navy Mutual has a positive reputation, its policies may not suit everyone. If that applies to you, get the most value for your money by comparing providers.

AM Best financial rating Not Rated
BBB accredited Yes
BBB rating A+
Customer reviews verified as of 15 October 2021

Compare life insurance companies like Navy Mutual

Name Product Issue age Minimum Coverage Maximum Coverage Term Lengths Medical Exam Required
18 - 60 years old
5, 10, 15, 20, 25 and 30 years
Compare 40+ insurers and apply online to get the lowest possible price — no medical exam required.
Policygenius - Life Insurance
18 - 85 years old
10, 15, 20, 25, 30 years
Depends on provider and policy
Compare 12+ top insurers side-by-side to get the best possible deal, and shop return of premium policies online.
18 - 60 years old
10, 15, 20, 25, 30 years
Get a quote in less than 10 minutes with on-the-spot approval and no medical exam.
Everyday Life
20 - 75 years old
10, 15, 20, 25, 30, 35 and 40 years.
Ladder multiple life insurance policies to save on the coverage you need for all your debts.
20 - 60 years old
10, 15, 20, 25 or 30 years
No, for coverage up to $3M
Apply for term life insurance online without the medical exam. Get an instant decision and adjust your coverage at no charge.
JRC Life Insurance
18 - 85 years old
10, 15, 20, 25, 30, 35, 40 years to lifetime/age 121
May be required
Compare policies up to $10 million from 45+ top insurance companies with the click of a button.
Nationwide life insurance
18 - 80 years old
10, 15, 20 and 30 years
Get term, whole, universal or no-exam life insurance with up to $1 million in coverage.
Haven Life
20 - 64 years old
10, 15, 20, 25 or 30 years available to those aged 20 - 49 years old.
10, 15, or 20 years available to those aged 50 - 64 years old.
No exams for some applicants
Fill out a quick online application and get approval in minutes with up to $3 million in coverage.
20 - 85 years old
10, 20, or 30 years
Depends on policy
Purchase term, whole and accidental death coverage online without the exam, with rates starting at a low $10 a month.
18 - 80 years old
10, 15, 20, 30 and 40 years
Depends on provider and policy
Score the lowest rate on life insurance by comparing no obligation quotes from 14+ companies online. No contact info, no spamming.
Dayforward Life Insurance
18 - 67 years old
from 10 to 27 years
No exams for some applicants
Dayforward allows you to protect your family with life insurance that protects your income.
21 - 60 years old
10, 15, or 20 years
Depends on policy
No-exam term policies up to $1 million online, with the option to upgrade to permanent life insurance later.

Compare up to 4 providers

How do I file a life insurance claim with Navy Mutual?

To file a claim, call 800-628-6011 or 703-945-1440 during business hours Monday to Friday, 8:30 a.m. to 5:30 p.m. ET.

Outside of these hours, go to the website.

  1. Click Contact Us > Report a Death.
  2. Fill out the online form with your contact information, and the policyholder’s date and cause of death and policy number, if you know it.
  3. Press Submit.
  4. A Navy Mutual representative will contact you within one to two business days to process the claim.

What other services does Navy Mutual offer?

Navy Mutual also sells annuities to provide its members with retirement income. There are three products on offer:

  • Single Premium Immediate Annuity. This requires one lump sum deposit between $10,000 and $1 million and the payments can be monthly, quarterly, semi-annually or annually.
  • Single Premium Deferred Annuity. This also asks for a one-time deposit, but has an interest rate lock-in period of five, seven or 10 years. There’s a minimum guaranteed annual interest rate of 1% and a range of payout options.
  • Flexible Premium Retirement Annuity. Designed to maximize tax-deferred growth, this annuity has a minimum initial contribution of $100. The interest rate is variable but 1% is guaranteed.

Frequently asked questions about Navy Mutual life insurance

Life insurance ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

Our experts analyze life insurance companies to help you to find the strongest possible policy and premium for your family’s needs. We assess their financial strength, customer satisfaction, policy features and riders. We then give each insurer a score between one and five stars that reflects their offering and reputation in the industry.

Learn more about our methodology here.

Ask an expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use and Privacy and Cookies Policy.
Go to site