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Optional Coverages:
Children's Term Life Coverage
Children’s Coverage is low-cost term insurance (actually
just pennies a day), designed to protect
your eligible children (unmarried children ages 14 days through 22
years) who are not eligible for USBA Membership.
The monthly premium is just $1.50 per
unit – and each unit covers all of your eligible children. In other words, the number of units
determines the amount of insurance on each child – not the number of children insured. And, the
older your children get, the more protection USBA Children’s Coverage provides.
Each Unit Insures All Eligible
Children by Age For the Coverage Amount Indicated:
| 14
days to 6 months |
$1,000
per child |
| 6
months to 2 years |
$2,000
per child |
| 2
years to 3 years |
$4,000
per child |
| 3
years through 22 years |
$5,000
per child |
Step children must be dependent
on the member for over 50% of their support. If
both parents are insured with USBA coverage, only one parent may request Children’s
Coverage. Each $25,000 of USBA Group Life coverage which you request allows you
to apply for one unit of Children’s Coverage. The maximum is four units.
Children’s Coverage can continue
as long as premiums are paid when due, you continue to be insured under a USBA-sponsored
Group Life Plan, and your children remain eligible.
Optional AD&D Coverage
You can add $40,000 of Accidental
Death and Dismemberment (AD&D) to your USBA 10 Year Level Term Plan for $2.00 per month.
This optional coverage is available to Members, Spouses and Associate Members.
(Children must be age 18-22 to qualify for Associate Membership.)
AD&D
Benefit - The full coverage amount – $40,000 – is payable for
accidental loss of life, the loss of both hands or feet, the sight
of both eyes, or any two of the preceding. Half the coverage amount – $20,000 – is
payable for the loss of one hand or foot or the sight of one eye.
The loss must be the
direct result of a covered accident that occurs while coverage is in force and within
90 days of the accident. Loss of a hand or foot means severance at or above the wrist
or ankle. Loss of sight means its total and permanent loss. No more than $40,000 will
be paid for all losses from any one accident.
AD&D
coverage ends on the June 1st following the insured's 66th birthday
or earlier if the insured ceases to be insured under a USBA-sponsored
Group Life Plan.
Exclusions
- AD&D benefits are not provided for losses due to air travel, unless
the insured is riding solely as a passenger. Other exclusions include
losses due to war; insurrection; riot; terrorist activity; commission
of a felony or assault; illegal use of drugs, hallucinogens, etc.;
use of alcohol; sickness or disease or its medical or surgical treatment;
intentionally self-inflicted injuries; or suicide. AD&D benefits
may not be denied due to suicide if insane, unless it can be shown
that the insured intended to commit suicide at the time coverage
was requested.
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