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 life insurance

Life insurance

Life insurance is a contract between an insurance policy holder and an insurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of the insured person. Depending on the contract, other events such as terminal illness or critical illness may also trigger...

 and annuities

Annuity (US financial products)

In the United States an annuity contract is created when an insured party, usually an individual, pays a life insurance company a single premium that will later be distributed back to the insured party over time...

for members of the United States Navy, Marines, Coast Guard, Public Health Service (PHS), National Oceanic and Atmospheric Administration (NOAA), and their families.

Who is eligible to join Navy Mutual?

A service member of any of the five sea services:

• Navy
• Marine
• Coast Guard
• Public Health Service
• National Oceanic and Atmospheric Administration

Who is either active duty, retired, a reservist or an honorably discharged veteran (who resides in Virginia, North Carolina, or South Carolina) may join Navy Mutual by purchasing a life insurance policy or annuity on his/her life, the life of a spouse and/or the life of an eligible child or grandchild.