Unlike its other insurance products, USAA life plans are available to everyone, not just current and former military members. The company’s comprehensive lineup includes term, whole and universal life insurance with many options for policyholders to customize their coverage by adding riders. Its competitive rates and diverse discount offerings earn it high marks in our ratings, and its commitment to service and support for its policyholders makes it a good choice for those looking for a hassle-free experience. Source https://insurancebyheroes.com/lincoln-heritage-life-insurance-review-2025-update/
USAA offers two types of permanent policies, both of which require a medical exam to be eligible. The standard policy, which is issued through a partner company called John Hancock, provides flexible premium payments and cash value growth. The indexed universal life policy ties the cash value growth to a market index like the S&P 500.
Fidelity Term vs Whole Life Insurance: Which One Is Right for You?
It also sells a limited-pay whole life policy that allows buyers to choose how long they want to pay their premiums. Combined with the ability to convert to a permanent policy without a medical exam, these policies offer flexible premium payment options for those interested in permanent protection.
USAA also offers accidental death and dismemberment (AD&D) insurance, which pays out a lump-sum benefit in the event of an accident that causes severe injuries like the loss of a limb or eyesight. This type of rider is a valuable addition to any life insurance policy and can help offset the costs of some medical bills or lost wages.
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