You never know what’s around the corner, and AAFMAA’s Career Assistance Program (CAP) Loan may just be that financial safety net your family has been looking for.

As your family grows, or your financial situation changes, a loan might be a great way to help boost your online business to the next level or help your spouse buy that motorcycle he’s been eying when he returns from deployment.  New babies are expensive little bundles of love that may require a higher budget that you initially thought.

If your spouse is an active duty member of the Army, Marine Corps, Navy, Coast Guard, Air Force or Guard/Reserve, with ranks of E5-E9, WO1, CW2 or O-1- O-3, then this opportunity is available for your family.

Your servicemember has to be an AAFMAA member with a $250,000 term policy, or a $50,000 whole life insurance policy, to be eligible.

Don’t worry if your spouse hasn’t already become a member; they can apply for life insurance and the loan at the same time.


What are some of the benefits?

The $4,000 loan only has a 1.5% annual percentage rate (APR). Another handy detail is that you have 48 months to repay the loan through the military allotment system.

Is your family protected with life insurance from a safe and established provider? Get insured with AAFMAA and be assured by a financial safety net.

The CAP is a unique loan to help your family get that little extra oomph to meet your long and short term expenses.


Have you found a great way to save money? What budgeting tips have helped you organize your family’s finances? Share your financial story, resource or advice to inform your fellow MilSpouses.


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