When Uniformed Services Benefit Association (USBA) was established six decades ago, active-duty military could not get life insurance without a war clause exclusion.
“That exclusion meant benefits weren’t paid if you died while on active duty fighting for our country,” Connie Markovich, president and CEO of USBA, explained. “The government provided little in the way of compensation to families at that time, $10,000 — not much even then.”
That’s when the not-for-profit association decided to make life insurance and financial protection a top priority for members of the military. Since then, the company has spent more than 60 years committed to serving those who serve our country — and their families — with affordable, portable, and individualized plans.
“Remembering why we started and who we serve are important elements of who we are now,” Markovich said. “Life insurance is itself a long-term commitment, and history matters.”
Today, a respected reputation and longevity are two of the reasons service members choose USBA for life insurance. After separation from the military, active duty and veterans from the reserves and National Guard are given the opportunity to convert their SGLI (Servicemembers Group Life Insurance) to a VGLI (Veterans Group Life Insurance) plan. It’s reassuring to receive a continuation of benefits — but standard issue (up to $400,000 of coverage) is often not enough.
To make sure a family’s financial future is as secure as possible, USBA offers a variety of plans with combined protection up to $750,000 in value. You may worry about the cost of additional coverage, but there are several factors to consider. VGLI does not require veterans to take a medical
exam or health evaluation when they apply. In fact, age is the only factor in determining rates. USBA evaluates each family and offers an individualized and budget-friendly option based on need. Preferred rates are offered for females and those with a healthy lifestyle.
Budget-friendly group term life insurance plans offer premiums intended to stay level for 10, 15, or 20 years, and coverage stays level through the term of the policy. USBA can help ensure that you and your family are taken care of in the event of unforeseen circumstances.
“The nature of life insurance remains the same,” Markovich said. “…And the value of life insurance itself has not changed, the benefit of helping families at moments of great difficulty by providing financial resources when they lose someone near and dear to them.”