Last Updated: 04/18/2025
SuperMoney User Recommendation Score +63
Strongly recommended8 total votes
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Highlights
Community Rating
Strongly recommended
Term Life Death Benefit Range
$50,000 - $1,000,000
Term Options
- Term Life
- Level Term
- Decreasing Term
- Annual Renewable
Financial Strength Rating
A+(Verified 04/18/2025)
Number of Reviews
Navy Mutual Life Insurance Review
Navy Mutual life insurance Pros & Cons
| Pros | Cons |
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Navy Mutual is a life insurance carrier based in Arlington, VA. The company was founded in 1879 and offers life insurance products in 50 states (and Washington, DC).
Navy Mutual life insurance FAQ
What types of life insurance products does Navy Mutual offer?
Life insurance companies typically offer a wide variety of life insurance options. One of the best ways to save money on life insurance products is to avoid unnecessary coverage. Only purchase life insurance policies and riders you actually need.
Here is a brief description of life insurance options Navy Mutual offers.
- Term Life Insurance - This is the simplest type of life insurance policy. Term life insurance policies are payable if the insured person dies within a specific period of time, such as 5, 10, or 30 years. Navy Mutual life insurance offers term lengths ranging from 1 to 30 years. Death benefit amounts range from $50,000 to $1,000,000.
- Level Term Life Insurance - These are term life insurance policies that have the same fixed premium and payment amount through the duration of the life insurance policy.
- Decreasing Term Life Insurance- These types of term life insurance policies has fixed premiums but the death benefit decreases over the duration of the term life insurance policy.
- Annual Renewable Term Life Insurance - Annual renewable term life insurance policies provide a constant death benefit for the duration of the term life insurance policy but the premiums are reassessed every year.
- Whole Life Insurance - Whole life insurance policies remain in force for the policyholder's entire life, provided premiums are paid. They have a tax deferred cash value, meaning the cash value will not be taxed until funds are withdrawn.
- Variable Life Insurance - Variable life insurance are types of whole life insurance policies where the entire cash value of the life insurance policy is invested in several accounts. Therefore, the cash value of these whole life insurance policies rises and falls depending on the performance of the investments.
How can you save money on a Navy Mutual life insurance life insurance policy?
When you ask for a life insurance quote with Navy Mutual life insurance, ask what discounts are available for various life insurance options.
These include:
What is SuperMoney's financial rating of Navy Mutual?
The financial strength rating of life insurance companies scores its ability to pay contracts and life insurance policies. SuperMoney gives Navy Mutual an A+, which is the highest available rating we give to life insurance companies.
SuperMoney's financial strength rating is primarily based on the average score from independent insurance rating agencies.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
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Learn MoreSuperMoney Net Recommendation Score
SuperMoney users strongly recommend this product, giving it a user recommendation score of +63, or 4.3 on a 5-point rating scale.
+63
-1000+100
No one recommends
Everyone recommends
Navy Mutual Life Insurance Community Reviews
Would you recommend Navy Mutual Life Insurance to your friends?
Taeshia B.
Nov 1, 2023
May or may not recommend
Since establishing policy I've had nothing but issues with my account. The lack of care from the customer service reps is appalling. Called in multiple times to understand my account being charged 5x in one month. Took over a month to figure out. Never received call back. Card was never taken off autopay after asking numerous times. Now just report charges as fraud.
MC
Mazhar C.
Nov 25, 2022
May or may not recommend
My current employer insurance uses Navy Mutual Life Insurance. Even though it doesn’t directly apply to me (yet!), I’m so glad the whole life age range goes to 70. I asked a few friends about what their companies offer and the general consensus was the age range for whole life was the common retirement age (65). I feel like that benefit alone makes me satisfied with the coverage.
NA
Noor A.
Oct 5, 2022
May or may not recommend
My current employer insurance uses Navy Mutual Life Insurance. Even though it doesn’t directly apply to me (yet!), I’m so glad the whole life age range goes to 70. I asked a few friends about what their companies offer and the general consensus was the age range for whole life was the common retirement age (65). I feel like that benefit alone makes me satisfied with the coverage.
RF
Robelys F.
May 23, 2022
May or may not recommend
Very recommended they have the best insurance such as disability not able to work
Robert W.
Mar 20, 2022
May or may not recommend
This review is mostly for nuances sake. I picked maybe recommend because as the name suggests Navy Mutual is for veterans, not the general public so it's impossible for me to recommend it for anyone because it's aimed a very specific demographic. Unsurprisingly their customer service people are especially solicitous and kind given the kind of people and families they have to work with on a daily basis. ...Show More
BP
Bailey P.
Mar 18, 2022
May or may not recommend
There are several different options to choose from that fit individual situations and ages. Good costumer service and there are no requirements for military services.
AA
Ashma A.
Mar 8, 2022
May or may not recommend
Navy Mutual offers affordable life insurance coverage to current and former service members as well as to their families. Mutual's Flex Term plan offers a fixed amount of coverage ranging from $50,000 to $1,000,000 for a fixed price. When the insured reaches the age of 50, the policy's term expires. There is flexible coverage, which allows individuals to select and pay for the level of coverage that is most appropriate for ...Show More
JE
Jerome E.
Dec 21, 2021
May or may not recommend
Outstanding rates and options for Life Insurance if you qualify. They have my HIGHEST recommendation for Term Life Insurance.
Showing 8 of 8 reviews
