Unlike other annuity products, ANNUITYLife has no upfront fees or commissions to pay. You simply make your initial investment, which comes in the form of a net single premium of $785 per $1,000 of policy benefit ($10,000-$1,000,000 coverage)—because ANNUITYLife is a life insurance policy first with an immediate annuity option. Otherwise, as your money earns our industry-leading current crediting rate* of 5.0%, we subtract the small administrative cost of 0.75% from those earnings—giving you a net crediting rate of 4.25%. When you annuitize, AAFMAA bases your income stream on your initial premium plus any cash value growth in the policy at that time.