Lifetime Coverage - Neither New York Life nor USBA has the right to cancel the plan. The only way coverage can be terminated is if premiums are not paid.

Level Premiums - Your premium will never increase regardless of your age or health - guaranteed!

Level Death Benefit - As long as premiums are paid, the death benefit doesn’t decrease - guaranteed!

Minimum/Maximum Coverage — Coverage is available from a minimum of $5,000 to a maximum of $400,000 in $1,000 increments. Note: The overall maximum under all USBA Group Life Insurance Plans is $650,000 for each Member or Associate Member.

If you are age 50 through age 75 and desire coverage amounts from $5,000 to $25,000, you can use our simplified application. (You’ll need to use our standard application if you want more that $25,000 of coverage, or to apply for any coverage amount if you are age 75 through age 80.)

Cash Value - Over time, your USBA 50+ Group Whole Life plan will accumulate a cash value. If terminated after cash value has accrued, it may be surrendered for its cash value or may be exchanged for an amount of paid-up insurance. The reduced paid-up insurance continues to build a cash surrender value.

Reduced Paid-Up Insurance - This is an amount of life insurance for which you can surrender your 50+ Group Whole Life Insurance and on which no further premiums are required. Complete details are in the Certificate.

Loans - Cash loans at current interest rates may be requested through USBA once cash values are available. The death benefit will be reduced by the amount of any unpaid loan, plus any interest-to-date. If the interest isn’t paid at the end of each certificate anniversary, it is applied to the loan balance. If the loan plus interest exceeds the cash value, the insurance will terminate. Complete details are in the Certificate. For information on loans, please contact USBA at (877) 297-9235.

30-Day Unconditional Promise - Once your application has been approved, you’ll be issued a Certificate of Coverage … and if you’re not completely satisfied with the provisions of your coverage, you can return it within 30 days, without claim, for a prompt and full refund. No questions asked!

$15,000 Emergency Death Benefit - You won’t find many other competing plans offering this benefit. Your spouse beneficiary may qualify for an immediate emergency payment of up to $15,000 on telephone notification of your death. This benefit is very helpful and greatly appreciated at a very difficult time. Some restrictions may apply, contact USBA for details.

No War Clause - Unlike many other life insurance plans, the USBA 50+ Group Whole Life plan does pay benefits for combat-related deaths.

Full Coverage for Pilots & Crew Members - Unlike some plans, USBA 50+ Group Whole Life insures pilots and crew members with no reduction in the death benefit.

Limitation:

• Area of Armed Conflict - (This limitation does not apply to: insured members who are on active military duty, including the National Guard & Reserve; death due to accident or illness; or to any coverage amount in force with USBA prior to 1/1/07.) If your death results from hostilities in an “Area of Armed Conflict,” the aggregate maximum benefit payable under all USBA Group Life Plans will be limited to $100,000. (Note: Please contact USBA for a listing of the geographic areas currently designated as an “Area of Armed Conflict.” See your Certificate of Insurance for further details.)

POW/MIA Protection - If the D.O.D. lists you as Missing In Action or as a Prisoner of War, USBA will pay 100% of your premium for your USBA group life insurance in effect at that time (and continue paying either until you’re no longer a POW/MIA or until your coverage would otherwise end).

Beneficiary - You may choose anyone you wish as the beneficiary of your 50+ Group Whole Life coverage and you may change your beneficiary at any time.

Coverage You Can Keep - USBA’s 50+ Group Whole Life plan may be continued after retirement or military separation. And there’s no increase in premium or decrease in coverage, just because you separate.

Individual Certificate - This page outlines the principal provisions of the USBA 50+ Group Whole Life Plan. Complete details are in Group Policies G-10648 (Policy Form GMR) issued to USBA by New York Life. Each insured Member and/or Associate Member receives a Certificate of Insurance which summarizes the policy provisions for his or her coverage.

The Company Behind the Plan - This plan is underwritten by New York Life Insurance Company … one of the oldest and largest life insurance companies in America.