Joint Coverage - One low premium covers two lives. You pay one premium, not two! This coverage protects you both, but benefits are paid on whoever dies first. At that time, joint coverage ends. The survivor then can obtain a like or lesser amount of USBA coverage, without underwriting.

Coverage Amounts - Select Coverage Units of $50,000 to $400,000 in multiples of $50,000. You can choose the amount of coverage that best meets your family’s needs.

Overall Maximum - Member and spouse coverage amounts under this plan, when combined with coverage amounts under all USBA Group Life Plans, cannot exceed an overall maximum of $650,000 for each Member or Spouse.

Pays Double - If both spouses die within 15 days of each other, as a result of the same accident, benefits are paid for the loss of both lives. Your children or other names beneficiaries can receive double the face amount of your coverage.

Preferred Rating – If you’re healthy and lead a healthy lifestyle, you may qualify for our preferred rates at substantial savings over our standard rates. It’s available in coverage amounts from $100,000 to $400,000!

Preferred rates are not available for individuals who use nicotine in any form, including nicotine patches or gum, who have high-risk hobbies like sky-diving or scuba-diving, or who are employed in certain high-risk occupations such as pilots and crew members.

Remember, even if you can’t qualify for preferred rates, you may still be eligible for our affordable standard rates. Either way, you can get quality life insurance coverage at an affordable price!

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 - This payment gives peace of mind to surviving family members in their time of loss. At the time of your death, 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 some other life insurance plans, this plan pays benefits for a combat-related death.

Limitations:

• Military Flyers - If your death results from service as a pilot or crew member of a military aircraft (or giving or receiving any kind of training or instruction while on board any military aircraft) before age 36, one-half benefits are payable. Full life insurance benefits are payable for other causes of death. (Military flyers are not eligible for Preferred Rates.)
• 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).

Conversion Privilege - May allow you to convert your term life coverage to an individual policy regardless of health. (Details are provided in the Certificate.)

Beneficiary - The Beneficiary is automatically designated: the husband’s beneficiary is his wife; the wife’s beneficiary is her husband. (Other designations can be made, if desired.)

Continuation of Coverage - TWO for ONE coverage terminates on the June 1st following the older spouse’s 70th birthday. You may continue your TWO for ONE coverage so long as both you and your spouse are under age 70, you pay your premium when due, your USBA Membership is continued, and the Group Policy is not terminated or modified to end your coverage. Earlier termination will occur upon divorce or annulment of your marriage, the death of you or your spouse, or if you or your spouse formally requests voluntary termination.

Coverage You Can Keep - USBA’s TWO for ONE plan may be continued after retirement or military separation. And there’s no increase in premium or decrease in coverage, just because you retire or separate. Veterans and Federal employees are also eligible for USBA coverage.

Individual Certificate - These pages outline the principal provisions of the USBA Two for One Family Group Level Term Life Insurance Plan. Complete details are in the Group Policy G-5393-1/-0 (Policy Form GMR) issued to USBA by New York Life. Each member will receive a certificate which summarizes policy provisions affecting his or her insurance.

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.