Children’s Group Whole Life Insurance

Yes. USBA members currently insured under the USBA Group Life Insurance Program may apply for this Group Whole Life coverage for their unmarried children (including adopted, foster and/or stepchildren) age 1 year through 17 years. Adopted/foster/stepchildren must be dependent on the member for over 50% of their support. If both parents are insured under USBA, only one parent may request coverage.

Yes. Once issued, your USBA Children’s Group Whole Life policy is guaranteed for your child’s lifetime, provided premiums are paid when due.*
*All guarantees are backed by the claims-paying ability of the issuer.

Over time, your child’s Group Whole Life policy will accumulate cash value that can be used to provide paid up coverage for your child in the future. Or it can be accessed through loans from the policy. See the rate table in the Policy Details for cash value information. Loans against the policy accrue interest and decrease the death benefit and cash value by the amount of the outstanding loan and interest.

You may request USBA Children’s Group Whole Life coverage in amounts from $5,000 to $25,000 (in $1,000 increments). An aggregate maximum of $25,000 per child is available for a combination of Children’s Term Life and Children’s Whole Life.