USAA is a Fortune 500 financial services company that provides
banking, investment, and insurance to people who've served in the
military and some other federal groups. Their families are also
served by this company. Most of USAA's business is conducted via
the Internet or telephone, possibly due to the nature of their
customers. When it comes to term life insurance, people in the
military have the option of getting their policies with USAA. Term
life insurance is different from whole life insurance or universal
plans in that it offers only a death benefit, and lasts for a particular
period of time. It might be difficult for people serving in the
military to get this insurance elsewhere because they are perceived
to be a high risk group.
The big difference between USAA's
term life insurance and that of other companies in the country,
besides the specific clientèle,
is that USAA does not include a war exclusion cause. This means
that if you're insured with term life insurance through USAA and
you die in the performance of your duties, your family will still
receive the benefit due to them. Most other companies do not cover
death that occurs due to war. Also, unlike most competitors, USAA
doesn't sell or provide its plans through agents. You must work
directly with the company, either online, or by talking to licensed
employees on the phone. These telephone operators are paid on salary,
rather than commission, which means that they aren't invested in
the hard sell. This makes it easier to get the term life insurance
plan that's right for you and your loved ones. If you're interested
in term life insurance and meet the eligibility requirements, you
should consider calling USAA soon to ask about the plans that are
available to you.
The best choice from USAA is often
level term life insurance (though you can also read our insights into USAA Renters Insurance here).
This means that the payments stay
the same over the life of the plan – up to 30 years. Term
insurance also generally provides the largest death benefit for
the lowest premiums if you're under the age of 45. USAA also
provides the benefit of allowing you to switch to permanent insurance
after your term is up without a medical exam. This is not true
of other companies. Term life insurance with USAA does not provide
the cash benefit of permanent insurance, but it is the most coverage
for the least initial cost.
Service people who are suffering from a tough budget may find
that term life insurance is preferable to not being able to afford
coverage at all. If you're the main wage earner in your family,
you need to know that they will be taken care of, should anything
happen to you. In these tense times, those serving in America's
military need to know that their loved ones are protected. With
USAA term insurance, you can get the best deal for coverage that
includes wartime benefits.
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