50+ Group Whole Life Insurance

Yes. This insurance is available to those ages 50 through 71 (ages 50 – 64 in Washington State), and continues as long as you live, provided premiums are paid when due.

Yes. A Member’s spouse ages 50 through 71 (ages 50 – 64 in Washington State) can request 50+ 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 at any time. You can exchange your cash value for a smaller amount of paid-up life insurance which won’t require any further premium payments in the future. Or you can request a loan at current interest rates.

If you request a loan, the death benefit will be reduced by the amount of any unpaid loan, plus any interest-to-date. If the interest isn’t paid at the end of each calendar year, it is applied to the loan balance. If the loan plus interest exceeds the cash value, your insurance will terminate. Loans against your policy accrue interest and decrease the death benefit and cash value by the amount of the outstanding loan and interest.

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 25 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 50+ Group Whole Life coverage in amounts from $5,000 to $25,000, in $1,000 increments. If you would like whole life coverage in amounts exceeding $25,000 consider USBA’s Group Whole Life policy that provides coverage up to $750,000. 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.