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USBA Smart Value 10 Group Level Term Life Insurance Plan Family Photo
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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 Smart Value 10 Year Group Level Term Life Insurance logo  

USBA Smart Value 10 Year Group Level Term 

Life insurance is all about making sure your family’s financial future doesn’t suffer without you. And the USBA Smart Value 10 Year Group Level Term plan is specifically designed to help provide you with an easy way to do just that.

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

Before you begin the application process, be sure to review the Smart Value 10 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    

First 10 Years - Although rates are not guaranteed, they are expected to remain level for the first 10 years. It’s an affordable monthly price based on your age, sex and smoking status.

Second 10 Years - At the end of your first 10-year term, you’re guaranteed the right to renew your coverage for an additional 10-year term, as long as premiums are paid, the group policy is still in force and you’re under age 65 at that time. That means no hassles … no medical questions to answer … and no need to re-qualify for coverage. Premiums increase at renewal. (Once you reach the first renewal period following age 65, renewal is on an annual basis.) See Monthly Premium Rates for details.

Minimum/Maximum Coverage - You decide how much you need … how much you can afford. As a Member or Associate Member, you may request USBA Smart Value 10-Year Group Level Term coverage in amounts from $25,000 to $500,000 (in $1,000 increments). NOTE: The overall maximum coverage amount for each Member/Associate Member under all USBA-sponsored Group Life Plans is $750,000.

What is Preferred Rating? - If you’re healthy and lead a healthy lifestyle, you may qualify for our preferred rates at substantial savings over our standard rates. And it’s available in coverage amounts from $100,000 to $500,000!

Preferred rates are not available for individuals who use nicotine in any form, including nicotine patches or gum, who have high-risk hobbies like sky-diving or scuba-diving, or who are employed in certain high-risk occupations such as pilots and crew members.

Remember, even if you can’t qualify for preferred rates, you may still be eligible for our affordable standard rates. Either way, you can get quality life insurance coverage at an affordable price! To determine if you qualify, simply fill out and submit the Preferred Supplemental Application with the primary application.

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 Payment - You won’t find many other competing plans offering this 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 - Also called an accelerated death benefit, this can pay you 50% of your coverage in force, while you’re living. To qualify, you must have at least $50,000 of coverage in force, be under age 84, 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.

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.)

No War Exclusion - Unlike many other life insurance plans, this plan will pay benefits for a combat-related death.

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 - You can convert your USBA Smart Value 10 Level Term coverage to an individual New York Life policy, regardless of health. (Some restrictions apply – see Certificate for details)

Beneficiary - Choose anyone you wish as the beneficiary of your USBA Smart Value 10 coverage, and you may change your beneficiary at any time.

Coverage You Can Keep - USBA Smart Value 10 plan may be continued after retirement or military separation. And there’s no increase in premium or decrease in coverage just because you retire or separate. Veterans and Federal employees also qualify for USBA coverage. See “Renewal Terms and Premium Rates” for details.

Individual Certificate - These pages outline the principal provisions of the USBA Smart Value 10 Year Group Level Term Plan. Complete details are in Group Policies G-29246-0 and G-5393-0 (Policy Form GMR) issued to USBA by New York Life. Each insured Member/Associate Member will receive a certificate which summarizes policy provisions affecting his or her life insurance.

Renewal Terms & Premium Rates - All coverage is provided under a group term life insurance policy. It provides level death benefits for 10 years. Coverage will continue until your 85th birthday provided you pay your premium when due and the Group Policy remains in force. Your coverage will continue to be underwritten by New York Life provided USBA continues to exclusively endorse this program and pays the premium when due.

Premiums for the first 10 years, while not guaranteed, are designed to remain level. After each 10-year term, if you are under age 65, you are guaranteed the option to renew for another 10-year term, regardless of your health. Premiums increase at renewal and are not guaranteed.

Once you reach the first renewal period following age 65, renewal is on an annual basis with premium increases each year.

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.

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