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USBA Wise Choice Generation 3 Group Blended Insurance Plan Family Photo
 
     
 
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Upon approval of your Application, you’ll be issued a Certificate of Insurance. If you are not completely satisfied with the provisions of your Certificate, you can return it within 30 days, without claim, for a prompt, full refund. Important Plan Information
 
USBA Wise Choice Generation 3 Group Blended Insurance logo

Wise Choice Generation 3

USBA Wise Choice Generation 3℠ Group Blended  … a whole new way to look at life insurance.

Note: This plan is not currently available in New York.

First there was term life insurance, then came whole life. Now there’s Generation 3 … combining the best of both term and whole life insurance. Generation 3 is a combination policy blending whole life, decreasing term, and paid-up additional insurance. It gives you level coverage (the benefit amount doesn’t decrease), with premiums designed to remain level for life!

How the Generation 3 Plan Works: You choose the amount of coverage that best meets your needs … from $25,000 to $400,000. Coverage is issued in $1,000 increments. Generation 3 offers you the best of both worlds - the lower premiums of a term policy and the security of a whole life plan. The exact combination of whole life coverage and decreasing term protection is based on your age on the date insurance becomes effective. Typically, the coverage begins with 6% whole life coverage and 94% decreasing term coverage.

Premiums are also based on your attained age at entry into the plan and are expected to remain level as long as your coverage stays in effect. You cannot be singled out for a rate increase; your premiums may be increased only if they are increased for all insureds under the Group Policy.

Once issued, your total coverage amount remains level so long as your premiums are paid. Dividends as may be declared are used to purchase paid-up Whole Life additions. The Term portion of your coverage decreases as these Whole Life additions accumulate. Should no dividend emerge in any plan year, the amount of decreasing term coverage remains the same.

Check around and compare the cost. Right now, our Generation 3 plan can give you the advantages of permanent lifetime protection at a fraction of the cost of a traditional whole life policy. And later, when you’re older, the cost can be substantially less than term coverage.

*See Monthly Premium Rates for details.

Before you begin the application process, be sure to review the Generation 3 plan Features, Options, FAQs and Rates.

You can complete your application online or print an application and complete it at your convenience. Plus, when you choose to apply online, we’ll ask you to decide if you want to:

  • Submit Electronically
  • Print and Mail
(After completing the application, you can print it, sign it and mail it to us with a check for the required premium amount. If we cannot issue a policy for any reason, we will refund the amount you paid in full.)

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Plan Details    
FAQs
Q1. At this price, how can USBA offer the advantages of both Term and Whole Life without the disadvantages of either type of insurance?
A1. Generation 3 is blended life coverage. It combines traditional Whole Life insurance and Decreasing Term insurance. As a result, you get a guaranteed death benefit and premiums designed to stay level—for life. And because of the Decreasing Term portion, you can have this protection at a fraction of the cost of traditional Whole Life coverage.
Q2. If Decreasing Term is part of the combination, won’t the amount of protection I have now decrease as I grow older?
A2. No. Dividends, as declared, are used to purchase paid-up Whole Life additions. The Term portion of your coverage decreases as paid-up additions accumulate. If no dividend is declared in any plan year, your term portion stays level.
Q3. If traditional Whole Life is the other part of the combination, will I accumulate cash value with this plan?
A3. Yes. As you keep your coverage, it will begin to accumulate a small cash value. In time, you can even take loans against the cash value of Generation 3, should the need arise.
Q4. If rates aren’t guaranteed, can’t USBA increase my premiums when I grow older or if I become an increased risk due to poor health?
A4. You can never be singled out for a rate increase. Your premiums can increase only if the entire group’s premiums increase.
Q5. Are premiums higher or levels of protection less if I’m a military or commercial flyer?
A5. No. You’ll receive the same level of coverage at the same low cost as non-flyers. You won’t have to buy additional riders or accept a reduced death benefit.
Q6. Can USBA or New York Life ever cancel my coverage because of age or poor health?
A6. No. Neither USBA nor New York Life can ever cancel your coverage as long as you continue to pay your premiums in a timely manner.
Q7. How much coverage is available?
A7. You may choose any amount of coverage between $25,000 and $400,000, in $1,000 increments. (Please note: No person may carry more than $650,000 in all USBA coverage combined.)
Q8. Is there an age limit on eligibility for Generation 3 coverage?
A8. Yes. New Members and Associate Members to the Association must be younger than 65 to apply for Generation 3, while current Members and Associate Members may exchange certain USBA coverage they now have for Generation 3 at any time prior to age 60. Regardless of your age and health, after approval you can keep the coverage for as long as you live and continue paying the premium in a timely manner.
Q9. Will my family be protected in the event of a service or combat-related death?
A9. Yes. Service and combat-related deaths receive full benefits. With USBA, there is no war clause, just like when we were founded in 1959.

Area of Armed Conflict Limitation - (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.)

Still have questions?
Call our trained service representatives at (877) 297-9235 between 8:00am and 4:30pm (CST), Monday through Friday and they’ll be happy to help you!

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