Group Whole Life Insurance

Yes. Insurance is available to those age 71 and younger (under age 65 in Washington State) and continues as long as you live, provided premiums are paid when due.

Yes. A Member’s spouse age 71 and younger (under age 65 in Washington State) can get his or her own Group Whole Life coverage as an Associate Member of USBA.

You have several options once your policy has accumulated cash value. You can surrender your policy for its cash value or you can exchange it for an amount of paid-up life insurance. The reduced paid-up insurance amount will continue to build its own cash surrender value. Or you can request a loan from USBA. Current interest rates will apply. Your death benefit and cash value will be reduced by the amount of the unpaid loan and any interest to date. You must pay the interest at the end of each Certificate of Insurance anniversary or that amount will be added to your loan balance. If the loan plus interest exceeds the total cash value at any time, the insurance will be terminated.

For complete details, see your Certificate of Insurance.

No. You’ll receive the same level coverage at the same cost as non-flyers. You won’t have to buy additional riders or accept a reduced death benefit.

No. The coverage amount you choose will remain the same regardless of your age or health.

Yes. You have two options to insure your children. USBA’s Children’s Group Whole Life starting at $1.60* per month. See the Children’s Group Whole Life policy for more details. Or you can insure all of your eligible dependent children (unmarried children ages 14 days through 22 years) who are not eligible for USBA Membership with term life coverage for just $1.50 per unit per month. See the Children’s Group Term Life policy for more details, or call a USBA Product Specialist at 877-297-9235 M-F 9am to 4pm Central time.

Yes. Service-related and combat deaths receive full benefits. With USBA, there is no war clause, the same as 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 Policies will be limited to $100,000. (Note: Please contact a USBA Product Specialist at 877-297-9235 M-F 9am to 4pm Central time for a listing of the geographic areas currently designated as an “Area of Armed Conflict.” See your Certificate of Insurance for further details.)

You may request USBA Group Whole Life coverage in amounts from $5,000 to $750,000 (in $1,000 increments). Note: The overall maximum coverage for each Member/Associate Member is $650,000 under all USBA-sponsored Group Life Insurance Policies, with the option for those ages 71 and below, if approved, to add up to an additional $100,000 of Traditional Whole Life (G-10648-0), for a maximum of $750,000.