Elizabeth Rivelli has nearly five years of experience covering insurance for finance publications. She has expertise in various insurance lines, including car insurance, health insurance, travel insurance, life insurance and others. In her writing, s.
Elizabeth Rivelli Insurance WriterElizabeth Rivelli has nearly five years of experience covering insurance for finance publications. She has expertise in various insurance lines, including car insurance, health insurance, travel insurance, life insurance and others. In her writing, s.
Written By Elizabeth Rivelli Insurance WriterElizabeth Rivelli has nearly five years of experience covering insurance for finance publications. She has expertise in various insurance lines, including car insurance, health insurance, travel insurance, life insurance and others. In her writing, s.
Elizabeth Rivelli Insurance WriterElizabeth Rivelli has nearly five years of experience covering insurance for finance publications. She has expertise in various insurance lines, including car insurance, health insurance, travel insurance, life insurance and others. In her writing, s.
Insurance Writer Ashlee Valentine Deputy Editor, InsuranceAshlee is an insurance editor, journalist and business professional with an MBA and more than 17 years of hands-on experience in both business and personal finance. She is passionate about empowering others to protect life's most important assets. Wh.
Ashlee Valentine Deputy Editor, InsuranceAshlee is an insurance editor, journalist and business professional with an MBA and more than 17 years of hands-on experience in both business and personal finance. She is passionate about empowering others to protect life's most important assets. Wh.
Ashlee Valentine Deputy Editor, InsuranceAshlee is an insurance editor, journalist and business professional with an MBA and more than 17 years of hands-on experience in both business and personal finance. She is passionate about empowering others to protect life's most important assets. Wh.
Ashlee Valentine Deputy Editor, InsuranceAshlee is an insurance editor, journalist and business professional with an MBA and more than 17 years of hands-on experience in both business and personal finance. She is passionate about empowering others to protect life's most important assets. Wh.
| Deputy Editor, Insurance
Updated: May 15, 2024, 4:04pm
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We found USAA’s term life insurance coverage features to be robust, especially if you’re a military member. Unlike other USAA insurance products like car insurance, you don’t have to have a military affiliation to buy USAA life insurance.
Term life insurance is a life insurance policy that provides level rates over a specific period of time. USAA offers term life insurance for periods of one to 30 years. Your premiums are guaranteed to remain level for the duration of the term. If you pass away while the coverage is in effect, your beneficiary can make a claim for the death benefit, which they can use for any purpose.
USAA sells two term life insurance policies.
Level Term V
USAA’s Term Level V policy is available for applicants between ages 18 and 70, with $100,000 to $10 million in coverage. A medical exam may be required, unless you are an active duty service member and are deploying. In addition, you can convert this policy to permanent coverage after one year without taking another medical exam.
If you’re an active duty or reserve duty service member, the Level Term V policy provides extra benefits, like coverage during times of war, severe injury benefits and expedited coverage approval during deployment.
Essential Term
USAA’s Essential Term policy is a simplified issue life insurance policy that requires no medical exam and only a short list of application questions. Essential term is annual renewable term life insurance designed for young adults. You must be between ages 21 and 35 to apply. The policy has $100,000 in coverage and can remain in force until you turn 39 if you renew every year. A medical exam isn’t required for the Essential Term policy, which can be beneficial for people who want coverage quickly. However, you don’t have the option to convert this policy to a permanent policy.
