Coverage Amounts to choose from allows you to select Joint Coverage Units of $50,000 to $400,000 in multiples of $50,000. you can choose the amount of coverage that best meets your family's needs.

Overall Maximum - Total coverage for you or your spouse under all USBA Group Life Plans cannot exceed $650,000.

Joint Coverage protects you and your spouse for the same amount under the same Joint Unit. One low monthly premium covers both of you. Benefits are paid once, upon the death of you or your spouse, whoever dies first. (The surviving spouse can continue coverage under one of our other Group Life Insurance Plans; otherwise, spouse coverage ends.)

Double Benefits For Common Accident means that should the two of you die within 15 days of each other, as the result of the same accident, the full benefit amount would be paid for each life.

Conversion Privilege can allow you to convert your term life coverage to an individual policy regardless of health. (Details are provided in the Certificate.)

Individual Certificate - This section outlines the principal provisions of the USBA Joint Level Term Group Life Insurance Plan. Complete details are in the Group Policy G-5393-1 (Policy Form GMR) delivered to USBA at its headquarters in Overland Park, Kansas, by New York Life. Each member will receive a certificate which summarizes policy provisions affecting his or her insurance.

Continuation of Coverage - USBA's TWO for ONE coverage terminates on the June 1st following the older spouse's 70th birthday. You may continue your TWO for ONE Term Coverage (subject to the age termination as explained)so long as both you and your spouse are under age 70, you're still a USBA member, all premiums are paid when due, and the Group Policy hasn't been terminated or modified to end your coverage.

Earlier termination will occur in the event of divorce, an annulment of your marriage, your death or the death of your spouse, or a request from either you or your spouse for a voluntary termination.

No War Clause - Unlike some other life insurance plans, this plan pays benefits 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 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).

$15,000 Emergency Death Benefit - Can pay a spouse beneficiary one-half of the insurance in force, up to $15,000, immediately, just on a phone notification that a member has died, if all qualifications are met.

Beneficiary - The Beneficiary is automatically designated: the husband's beneficiary is his wife; the wife's beneficiary is her husband. (Other designations can be made, if desired.)

Coverage you can keep - USBA's TWO for ONE 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 are also eligible for USBA coverage.

30-Day Unconditional Promise - Once your Application is approved, you'll be issued a Certificate of Insurance. If you are not completely satisfied with the provisions of your Certificate, you may return it within 30 days for a prompt refund, no questions asked.

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