Returning your completed application and requirements to AAFMAA starts your CAP process. Once received, AAFMAA will complete the following: Application review - AAFMAA will review your application documents to ensure all required information is provided. If medical documents were required, our underwriters will evaluate them. Subject to underwriting (if applicable) and approval, your policy will be issued. , AFB Setup - AFB will set up your account and send a welcome package to you. AFB may include offers for additional services, which are unrelated to AAFMAA and your CAP loan. You are not required to send anything to AFB unless there is an issue with your account application. Do not use any checks until AAFMAA notifies you that the loan was deposited and you have confirmed your account balance! AFB may contact you if there is any problem setting up your account. , Payment processing - AAFMAA will process your first premium payments and setup your automatic premium and loan payment before the loan can be issued: Active Duty and eligible Guard/Reserve - Confirmation email will be sent with instructions for starting your allotment to AAFMAA. Any overpayment of premiums upon startup will be applied to reduce your CAP loan balance. Guard/Reserve - AAFMAA will contact your bank to start your automatic account withdrawal. , Loan deposit - Your loan will be deposited in your AFB account by the second business day of the month that we receive your first payment by allotment, or by the 18th of the month your bank account was successfully drafted. AAFMAA will notify you by email when the deposit is wired to AFB. , Policy package - AAFMAA will mail your membership and insurance documents. Policy and loan documents are viewable on AAFMAA’s Member Center..