Simplicity - The application is straightforward and easy to complete. No physical examination is usually necessary. Apply for as little as $25,000 and as much as $250,000.

Affordable Coverage - Our rates are set up in five year increments. That helps keep the cost lower during the early years, at a time when a family’s budget is usually tight. And the cost is as low as $1.50 a month for $25,000 of coverage for a female nonsmoker under age 26.

Minimum/Maximum Coverage - Members or spouses may request a minimum of $25,000 of Group Level Term, to a maximum of $250,000, issued in $1,000 increments. The minimum is $5,000 if you’re insured under other Group Life Plans through USBA.

Note: The overall maximum coverage amount available to Members or Spouses under all USBA Group Life Plans is $650,000. Spouse or children’s coverage amounts may not exceed total amount in force on the life of the Member.

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 - 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.

Living Benefit - An accelerated death benefit that can pay you an amount equal to 50% of the USBA Level Term Life coverage in force, while you’re living.

To qualify, you must have at least $50,000 coverage in force, be under age 78, and be diagnosed with a terminal condition which results in an expected life span of 12 months or less (24 months or less for Illinois residents). Diagnosis and evaluation of the limited life expectancy must be provided to New York Life.

NOTE: Living Benefits are not available in Massachusetts.

The amount of insurance payable at death will be reduced by the Living Benefit paid and any premiums deferred as a result of payment of the Living Benefit. Please note that receipt of accelerated benefits may affect your eligibility for public assistance programs. You may wish to consult a financial advisor and/or attorney before applying for this benefit to determine how this may affect your personal situation.

No War Clause - Unlike some other life insurance plans, this plan pays benefits for combat-related deaths.

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.
• 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 Level Term coverage to an individual policy regardless of health - see Certificate for details.

Beneficiary - You can choose anyone you wish as the beneficiary of your coverage and you may change your beneficiary at any time. You are automatically named the beneficiary for Spouse and Children’s Coverage.

Coverage You Can Keep - USBA’s Group Level Term Plan continues after retirement or military separation. And there’s no increase in premium or decrease in coverage, just because you retire or separate.

Individual Certificate - This section outlines the principal provisions of the USBA Group Level Term Insurance Plan. Complete details are in the Group Policy G-5393-0 (Policy Form GMR) issued to USBA by New York Life. Each member receives a certificate which summarizes policy provisions affecting his or her insurance.

Continuation of Coverage - USBA Level Term coverage terminates on June 1st following the insured’s 79th birthday. Your coverage may be continued (subject to the age terminations as explained) so long as you pay your premium when due, your USBA Membership is continued, and the Group Policy is not terminated or modified to end your coverage.

Coverage for your dependents continues as long as yours does, so long as they remain eligible. If you die, your insured dependents may continue their coverage provided they remain otherwise eligible and your surviving spouse continues his/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.