Life Long Protection – Once issued, USBA’s First Steps^SM coverage is guaranteed renewable for your child’s lifetime … the only way coverage can be terminated is if the premiums are not paid when due.

Coverage can be rescinded in the first two years if a material misstatement regarding your child’s health is made in the application for coverage.

Eligibility – USBA members currently insured under the USBA Group Life Insurance Program may apply for this Group Whole Life coverage for their unmarried children (including adopted, foster and/or stepchildren) age 1 year through 17 years. Adopted/foster/stepchildren must be dependent on the member for over 50% of their support. If both parents are insured under USBA, only one parent may request coverage.

Coverage Amounts – This Whole Life Insurance protection is available from $5,000 to $25,000 in $1,000 increments. Note: There is an aggregate maximum per child of $25,000 of Life Insurance under all USBA Group Life Plans. $25,000 aggregate maximum includes all child coverage under Group Policy G-5393- and G-5393-2.

Builds Financial Security – Your child’s First Steps^SM coverage builds cash value that can be used to provide paid up coverage for your child in the future. Or it can be accessed through loans from the policy. See the rate table for cash value information.

Limitations – In the future, if your child applies for additional coverage as a USBA Member or Associate Member, and their 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. (This limitation does not apply to an insured child who is on active military duty, including the National Guard & Reserve; death due to accident or illness; or any coverage amount in force with USBA prior to 1/1/07.) Please contact USBA for a listing of the geographic areas currently designated as an “Area of Armed Conflict.” See Certificate of Insurance for further details.)

Individual Certificate – These pages outline the principle provisions of the USBA Group Traditional Whole Life Child’s Plan. Complete details are in the Group Policy G-10648-1 (Policy Form GMR) issued to USBA by New York Life. Each Member will be provided with a Certificate of Insurance for each child insured under the Plan. This Certificate will be issued to the Member as Owner of the coverage. Ownership may be transferred to the child at his/her attainment of age 18.

Effective Date of Coverage – All coverage is subject to underwriting approval by New York Life. Approval will be based upon the answers to the brief medical questions on the application. Approved coverage will take effect on the approval date specified by New York Life, provided the premium has been paid. Your child must not be hospital-confined on the date of approval. Payment of premium does not mean coverage is in force before the effective date specified by New York Life.

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.