USBA Article: Life Insurance After Leaving The Army: A strat...

Life Insurance After Leaving The Army: A strategy for your future

The Army taught you the value of strategy, and Army life insurance was a key part of its strategy for you. Thanks to the Army’s SGLI coverage, you could concentrate on the mission, knowing that your family would be taken care of in the event of your death. Now that you’re leaving the military, it’s time to plan your own life strategy. And your first priority should be to help protect your family with continued life insurance coverage as a veteran.

Leaving the military means you leave government-offered Army life insurance behind. Just 120 days after active duty ends, so does SGLI coverage. Delay in formulating your strategy for the future could result in a coverage gap, leaving your family exposed and unprotected.

Fortunately, life insurance for veterans from USBA offers you the tactical tools to protect your family while boldly accomplishing your life strategy, whether it’s continuing to serve in the Army Reserves or National Guard, or starting fresh on a whole new path. But which kind of protection gives you the best alternative to the life insurance you had in the Army, at a price that’s right for you?

USBA is a leading provider of group life insurance for transitioning military, with all the expertise you look for in a strategic partner. We stand ready to welcome you into our ranks with a full range of life insurance policies to match your goals.

So now that you’re adjusting from battle-rattle to civvies, where does life insurance fit in? If you’re like most new veterans we serve, your first priority is building your family’s future. These are the years when you consider buying a house, raising kids, starting a business—big commitments that require most of your financial muscle. Is there a life insurance policy that fits your budget? No worries. We’ve got you covered.

For you, we recommend USBA’s 20 Year Group Level Term Life Insurance Policy, where premiums add up to peace of mind. Once you’re approved, 20 Year Group Level Term offers premiums designed to remain level for the next 20 years. If you continue to pay your premiums when due, you are guaranteed the right to renew for a second 20 years, provided you’re age 54 and younger and remain otherwise eligible at that time. No medical exams, no hassle. See more policy details here.

How much coverage you buy is up to you and your desired budget. USBA’s 20 Year Group Level Term is available in coverage amounts from $25,000 to $500,000. Preferred rates are also available for men and women who are non-tobacco users and lead otherwise healthy lifestyles. Contact USBA for details.

USBA understands that you don’t stop being Army just because you’ve transitioned out of active duty. That’s why our 20 Year Group Level Term contains outstanding features designed with the military in mind.

  1. $15,000 Emergency Payment: Your spouse beneficiary may qualify for an immediate emergency payment of $15,000 on telephone notification of your death. (Some restrictions apply.)
  2. 30-day Free Look: Once approved, you’ll receive a Certificate of Insurance–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.
  3. Terminal Illness Payment: USBA offers an accelerated death benefit that can pay you an amount up to 50% of your coverage in force, while you’re living. (Restrictions apply: To learn more, review the Terminal Illness Payment details here.)
  4. Fully portable: Not only does your USBA policy stay in force from active duty through discharge, it can go with you when you change civilian jobs as well.
You can elect additional coverage too, from optional Children’s Group Term Life Coverage to AD&D insurance protection. And like other USBA life insurance policies, it’s underwritten by New York Life Insurance Company*, one of the oldest and strongest insurance companies in America.

For more details on the range of life insurance policies for veterans, call us at 877-297-9235 from 9:00 a.m. - 4:00 p.m. Central time, Monday through Friday, for live assistance (or leave a message after hours for a prompt call back).

*Underwritten by New York Life Insurance Company, 51 Madison Ave., New York, NY 10010 on Policy Form GMR.

 View other Important Policy Information here.

 This material is not intended for use with residents of New Mexico with respect to AD&D Insurance.