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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 Basic Value Group Level Term Life Insurance

USBA Basic Value Group Level Term

USBA’s Basic Value Group Level Term Life plan is simple and flexible … an affordable way to help protect your family’s financial future. The rate you’ll pay is based on your age, your sex, and your smoking status or tobacco-use. Your rate is designed to stay the same until June 1st after you’ve entered a new age group. See Monthly Premium Rates for complete rate details and to find the table that applies to you. Your coverage can be continued until June 1st after your 79th birthday, as long as premiums are paid on time.

You’ll probably find it hard to believe the large amount of life insurance you can get from USBA so affordably. But don’t buy for price alone; look at all the benefits and features of our plan.

*See Monthly Premium Rates for details.

Before you begin the application process, be sure to review the Basic Value Level Term 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    
Q1. How can USBA Basic Value Level Term coverage help my family?
A1. USBA Basic Value Level Term is our lowest-priced coverage at younger ages. It provides pure life insurance protection with no cash value. The USBA Basic Value Level Term Plan gives you coverage at a fixed level as long as the policy remains in force. The premium increases periodically as you get older, and coverage stops on June 1st following the insured’s 79th birthday.
Q2. Is there an age limit on eligibility for Basic Value Level Term protection?
A2. Yes. Insurance is available to USBA Members age 64 and under and can continue until June 1st following the insured’s 79th birthday provided you pay your premium contribution when due and the Group Policy remains in force.
Q3. If I should be diagnosed with a terminal illness, can USBA Basic Value Level Term help my family while I’m still alive?
A3. Yes. USBA’s Living Benefit can pay you an amount equal to 50% of the USBA Basic Value Level Term coverage in force while you’re still alive.

To qualify, you must have at least $50,000 coverage in force, cannot have reached June 1st following age 78, and must 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.

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 or attorney before applying for this benefit to determine how this may affect your personal situation.
Q4. Can the amount of my coverage ever be decreased because of age or poor health?
A4. No. The coverage amount you choose will remain the same regardless of your age or health.
Q5. Is it possible to protect my dependent children?
A5. Yes. You can protect all your eligible dependent children with term life coverage for just $1.50 more per unit per month. Eligible dependent children are those, age 14 days through 22 years, who are not eligible for USBA Membership. Adopted/foster/stepchildren must be dependent on the member for over 50% of their support. If both parents are insured with USBA coverage, only one parent may request Children’s Coverage. See the Children’s Term Life plan for more details.
Q6. Can I get separate USBA Basic Value Level Term coverage for my spouse?
A6. Yes. A Member’s lawful spouse, age 64 and under, may obtain his or her own Basic Value Level Term coverage as an Associate Member of USBA.
Q7. Will my family be protected in the event of a service-related or combat death?
A7. Yes. Service-related and combat 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.)
Q8. Will I be able to keep my Basic Value Level Term coverage if I leave the military or retire from federal employment?
A8. Yes. You can keep your coverage even after your military or federal employment ends. Furthermore, you won’t be asked to pay higher rates because you retire or separate from military service.
Q9. How much coverage is available?
A9. You may request USBA Basic Value Level Term Life coverage in amounts from $25,000 to $250,000 (in $1,000 increments). The minimum is $5,000 if you’re also insured under other Group Life Plans through USBA. Note: The overall maximum coverage amount available to each Member/Associate Member under all USBA-sponsored Group Life Plans is $750,000.

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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