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Company Profile

Armed Forces Mutual

Armed Forces Mutual is a Virginia-based not-for-profit, tax-exempt, member-owned organization that provides life insurance and financial services, to members of the United States Armed Forces and their families. At the end of 2019, membership exceeded 85,000 Founded in 1879 following the Battle of the Little Bighorn, it is one of the oldest military-oriented financial associations in the United States.

History
Armed Forces Mutual was founded on January 13, 1879, by U.S. Army officers following the 1876 Battle of Little Bighorn, which exposed the lack of financial support for soldiers’ families. In 1995, eligibility was broadened to include non-commissioned Officers and, in 2000, further opened to enlisted personnel. In September 2011, the organization began accepting service members of the Marine Corps, Navy and Coast Guard. To reflect its broader scope, the association's name was changed to American Armed Forces Mutual Aid Association on June 12, 2013. At the end of 2019, membership exceeded 85,000 By 2020, membership included all members of the United States Armed Forces who are on active duty, retired, guard, reserves, students of the service academies, contracted ROTC cadets, and honorably discharged veterans. In 2021, membership was further extended to encompass all members of the Space Force as well as the National Oceanic and Atmospheric Administration (NOAA) and the Commissioned Corps of the U.S. Public Health Service (USPHS). As of 2024, it serves over 95,800 members, spouses, and dependents and manages approximately $1.26 billion in assets. In April 2025, AAFMAA adopted the name Armed Forces Mutual, while retaining its legal name in formal settings.{{Cite web |date=2025-05-12 |title=Nonprofit rebrands as Armed Forces Mutual Armed Forces Mutual is headquartered at Fort Myer, Virginia with additional offices in Reston, Virginia and Fayetteville, North Carolina. == Services ==
Services
Armed Forces Mutual primarily provides life insurance, including term and whole life policies tailored to military servicemembers, Veterans, and their families.{{Cite web |last=Thrivedi A core program is Survivor Assistance Services, through which staff assist families of deceased members with life insurance claims and applications for government benefits. Armed Forces Mutual collaborated with the Veteran Saves initiative to support financial literacy and savings among Veterans.{{Cite web |date=2023-04-26 |title=AAFMAA Sponsorship Will Contribute to Funding Tools and Resources to Help Build Wealth in the Veteran Community America Saves |url=https://veteransaves.org/newsroom/press-releases/aafmaa-sponsorship-will-contribute-to-funding-tools-and-resources-to-help-build-wealth-in-the-veteran-community/ |url-status=live |archive-url=https://archive.today/20250529041242/https://veteransaves.org/newsroom/press-releases/aafmaa-sponsorship-will-contribute-to-funding-tools-and-resources-to-help-build-wealth-in-the-veteran-community/ |archive-date=2025-05-29 |access-date=2025-07-10 |website=veteransaves.org BeyondBasic®, aimed at younger active-duty servicemembers, and Simple Term, designed for current and former uniformed service members and their families.{{Cite web |date=2023-01-11 == Membership and organization ==
Membership and organization
Eligibility includes all active duty, reserve, and National Guard personnel from all U.S. Armed Forces branches, including the Space Force, as well as cadets, midshipmen, honorably discharged veterans in most states, and their families. Certain benefits extend to spouses and dependents. == Governance ==
Governance
Armed Forces Mutual operates as a nonprofit mutual aid association.{{Cite web |last= |first= |date= |title=American Armed Forces Mutual Aid Association - Nonprofit Explorer |url=https://projects.propublica.org/nonprofits/organizations/530213841 |url-status=live |archive-url=https://archive.today/20250529031959/https://projects.propublica.org/nonprofits/organizations/530213841 |archive-date=2025-05-29 |access-date=2025-07-10 A board of directors elected from the membership oversees operations. The president, typically a retired officer, manages daily activities. Brigadier General Michael J. Meese, USA (Ret.), has served in this role since 2020. == Honorable board members and chairmen ==
Honorable board members and chairmen
Dennis Joe Reimer is a retired U.S. Army four-star general who currently serves as Chair of the Armed Forces Mutual Board of Directors. • Jack Neil Merritt was a retired U.S. Army four-star general who served on the board of directors for AAFMAA from 2000 to 2017 and was the Vice Chairman of the Board and Chairman of the Finance Committee.{{cite web |title=Annual Report |url=http://pub.aafmaa.com/aafmaaweb/AnnualReports/2009%20Annual%20Report.pdf |url-status=dead • Robert W. Sennewald was a retired U.S. Army four-star general who served as chairman of the board for AAFMAA. • Clyde D. Eddleman was a United States Army four-star general who served as chairman of the board for AAFMAA from 1962 to 1982.{{Cite web |title=General Orders No. 22, October 5, 1992 Death of Clyde Davis Eddleman |url=https://armypubs.army.mil/epubs/pdf/go9222.pdf |access-date=2025-07-10 • John R. Guthrie was a United States Army four-star general who served on the board of directors for AAFMAA. • Walter T. Kerwin, Jr. was a United States Army four-star general and served as a member of the board of directors for AAFMAA from 1969, becoming its chairman in 1982 and serving until 1997. • Michael S. Davison was a United States Army four-star general and served as the vice chairman for AAFMAA from 1982 to 1997 and chairman from 1997 to 2000. == References ==
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