USBA Military Life Insurance Logo
Welcome to USBA!
Military Life Insurance, TRICARE, CHAMPVA
Supplements for Armed Forces & Services:
Active Duty, Transitioning Military,
Veterans, Retired Military, Reserve &
National Guard, Federal Employees
New York Life Insurance Logo
USBA Group Life Insurance plans are underwritten by New York Life Insurance Company
877-297-9235 Sales
800-821-7912 Member Support
Home > Insurance Help & Plans Overview > Basic Value Group Level Term
USBA Basic Value Group Level Term Life Insurance Plan Family Photo
Plan Details

Get Your Information
Print This Plan

Print this plan including rate tables. The printable version of the plan is in PDF format, readable by Adobe Acrobat Reader. If you do not have Acrobat Reader, download it from the Adobe web site. If you prefer, “save” the PDF for access later without printing.

Get Free Info Packet

Click here to order your free, no obligation Info Packet and we will rush it to you.

Questions? Call or write!

We’re happy to help! Call us at (877) 297-9235 from 8:00 a.m. - 4:30 p.m. Central Time, Monday through Friday, for live assistance (or leave a message after hours for a prompt call back).

Interested In Other Plans?
  LongTerm 20
  Smart Value 10
  Two for One
Smart & Lean 15
Arrow Basic Value
  Whole Life
  50+ Whole Life
  Children’s Coverage
  First Steps Children’s Whole Life
  TRICARE Supplements
  CHAMPVA Supplement
30-Day Unconditional Promise:
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.)


Continue My Application
Already started your app?
Click below to finish!
Continue My Application

Download Application
Want to download the app to share, or hold in your hands? Click below...
Download Application

Plan Details    

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 starts 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 Basic Value 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 $750,000. 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 Basic Value 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.

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.

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.)

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 Basic Value 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 Basic Value 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 Basic Value 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’s Basic Value 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.

Back to Top


Continue My Application
Download Application
First Name
Already started your app?
Click below to finish!
Want to download the app to share, or hold in your hands? Click below …
Last Name
Continue My Application
Download Application

   McAfee SECURE sites help keep you safe from identity theft, credit card fraud, spyware, spam, viruses and online scams