Guaranteed Renewable – 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, 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. See monthly premium rates for details.

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 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 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.)

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.)

"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. 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. Not available in Massachusetts.)

Minimum/Maximum Coverage – As a Member or Associate Member, you may request USBA Smart Value 10 Level Term coverage in amounts from $25,000 to $500,000 (in $1,000 increments). (Note: The overall maximum coverage for each Member/Associate Member is $650,000 under all USBA-sponsored Group Life Insurance plans.)

No War Exclusion – This plan does pay a benefit for a combat-related death.

Limitations:

• Military Flyers – If your death results from service as a pilot or crew member of a military aircraft (or giving or receiving any kind of training or instruction while on board any military aircraft) before age 36, one-half benefits are payable. Full life insurance benefits are payable for other causes of death. (Military flyers are not eligible for Preferred Rates.)
• Area of Armed Conflict  (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 group life insurance in effect at the time you're listed ... and continue paying either until you're no longer a POW/MIA or until your coverage would otherwise end.

Renewal Terms and 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-year term, while not guaranteed, are designed to remain level. After each 10-year term, if you are age 65 or under, 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.

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 smoke, who have high-risk hobbies like skydiving 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 standard rates. Either way, you can get quality life insurance coverage at a very affordable price! To determine if you qualify, simply fill out and submit the Preferred Supplemental Application with the primary application.

Beneficiary – Choose anyone you wish as the beneficiary of your USBA Smart Value 10-Year Level Term Coverage, and you can change your beneficiary at any time.

Coverage You Can Keep – USBA Smart Value 10 Level Term 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 – This section outlines the principal provisions of the USBA Smart Value 10 Level Term Life Plan. Complete details are in Group Policies G-29246-0 and G-5393-0 (Policy Form GMR) delivered to USBA at its headquarters in Overland Park, KS by New York Life. Each insured Member/Associate Member will receive a certificate which summarizes policy provisions affecting his or her life insurance.

The Company Behind the Plan – This plan is underwritten by New York Life Insurance Company … one of the oldest, largest life insurance companies in America.