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USAA Life Insurance Company and USAA Life Insurance Company of New York; John Hancock Life Insurance Company (U.S.A.); United Of Omaha Life Insurance Company, Mutual of Omaha Affiliates

Permanent life insurance to help you leave a legacy

Explore policies that can secure your loved ones’ futures, so you never stop being their protector.

What’s permanent life insurance?

It offers coverage that last a lifetime. And when you die, it generally pays a death benefit out to your beneficiaries tax free.‍ ‍ See note 1

Some policies grow cash value that earns interest.

The amount it grows depends on your policy’s interest rate or the performance of a linked market index account.‍ ‍ See note 2

Types of permanent life insurance

Simplified whole life

This policy is best if you want lifetime coverage guaranteed not to change. You can also add children’s life insurance.‍ ‍ See note 3,‍ ‍ See note 4

  • Available for ages 15 days to 85 years in the U.S.
  • Fixed coverage ranging from $25,000 to $10 million
  • Can last until age 121‍ ‍ See note 5
  • Fixed payments that can grow cash value
  • Requires a medical exam, health questionnaire and other factors for approval
Get a quote for simplified whole life insurance

Learn more about simplified whole life

Universal life

This policy‍ ‍ See note 6 from John Hancock is best if you want lifetime coverage you can adjust as your life changes.

  • Available for ages 3 months to 90 years old
  • Adjustable coverage based on major life events that starts at $50,000
  • Could last after age 121
  • Flexible payments that can grow cash value‍ ‍ See note 7
  • Requires a medical exam, health questionnaire and other factors for approval

This policy isn't available in New York.
Call 800-531-LIFE (5433)

For TTY devices, dial 711

Hours of operation for USAA licensed life insurance agents

Monday to Friday
7:30 a.m. to 8 p.m. CT
Saturday and Sunday
Closed
All major holidays
Closed

Note: Days and times may vary

Learn more about Universal Life

Guaranteed whole life

This policy from Mutual of Omaha affiliates is best if you’re looking for coverage you can’t be denied for.

  • Available for ages 45 to 85 years old
  • Fixed coverage ranging from $2,000 to $25,000
  • Lasts until age 120
  • Fixed payments
  • No medical exam or health questionnaire required

This policy isn't available in Montana.

In New York, you have to be 50 to 75 years old to qualify for it.

In Washington, coverage ranges from $5,000 to $25,000.
Get a quote from Mutual of Omaha

Learn more

Why get permanent life insurance?

Each type of policy comes with different features, and you get to choose what happens with it.

Use it to extend expiring coverage.

If you have a term policy that’s expiring soon, you could convert it to a permanent policy. Find out how with our Term Policy Conversion tool.

Pay funeral expenses with it.

This includes other types of final expenses related to your death, like medical costs if you’re diagnosed with a terminal illness.

Care for family with special needs.

The money from your policy can help pay for your loved one’s care and other unexpected costs.

Gift it to a child.

Depending on the options you choose, a child’s policy could last a lifetime. They may also be able to increase their coverage.‍ ‍ See note 8

Why choose life insurance through USAA?

You can trust that we’ll be there for the people who matter most to you. Our Survivor Relations team is here to help your family understand their options and next steps to take after the loss of a loved one.

How much permanent life insurance do you need?

We suggest having enough coverage to pay off your debt, cover your funeral costs and help your beneficiaries with expenses you pay for.

But if you can’t afford that, having some coverage is better than none. Let us help you figure out how much coverage you may need.

Calculate coverage needs for permanent life insurance

How to get a policy

Steps to complete How to get a policy

  1. Get a free quote

    Just answer a few questions to get an idea about your coverage and costs.

  2. Apply

    You’ll finish the application and set up a time to complete your free medical exam if you need one.  

  3. Buy coverage

    If approved and you decide to buy, coverage starts the day you make your first payment.

Still not sure if a permanent policy is right for you?

We understand the importance of choosing the right protection for your family.


While a permanent policy can last a lifetime, we also offer term insurance to help cover your immediate needs.

Review life policies

More life insurance resources

Understanding permanent life insurance

Article: 8 minutes

Read article: Understanding permanent life insurance

Types of permanent life insurance: Which is best for you?

Article: 6 minutes

Read article: Types of permanent life insurance: Which is best for you?

How to borrow against life insurance

Article: 6 minutes

Read article: How to borrow against life insurance

Related footnotes:

  1. Death benefits are generally paid income tax-free to the beneficiary. The death benefit may be included in the insured's estate for federal estate tax purposes. You are advised to consult with a qualified tax professional for information specific to your personal situation.

  2. The interest rate for your cash value is either set periodically by the insurance company or based on the performance of the underlying index.

  3. Protection for children is not available in all states. Term life insurance for children provided by a rider attached to the parent's life insurance policy. Term Life Insurance for Children Rider — Form LBR98550ST 07-16 (may vary by state); NY form NBR98592NY 08-19.

  4. Maximum coverage for Term Life Insurance for Children is $25,000 for each child for a single monthly premium of $7.99.

  5. Simplified Whole Life Insurance coverage lasts to age 121, provided you continue to pay sufficient premiums.

  6. Universal Life is known as Flexible Premium Adjustable Life in several states.

  7. Universal life insurance coverage is designed to last as long as sufficient premiums are paid or enough cash value is maintained to cover the policy's monthly deductions.

  8. The Life Event Option (LEO) rider is available at no additional cost with the Simplified Whole Life (SWL) insurance policy. It allows you to request additional whole life insurance up to six times after specified events. Additional insurance limited to amount of base SWL coverage, with total coverage after increases limited to $1 million. Increases provided by additional whole life policies and require payment of additional premiums. Rider expires at age 45. The rider is subject to issue age limitations and other terms, limitations, and conditions. Availability and benefits may vary by state. SWL policy form: ICC2099630 03-20 (may vary by state); SWL LEO form: LBR60519ST 06-06 (may vary by state); In New York, SWL policy form: NWL99614NY 11-20; SWL LEO form: NBR61208NY 08-06.

Related footnotes:

  1. Simplified Whole Life: ICC2099630 03-20 (may vary by state). In New York, NWL99614NY 11-20.

  2. Universal life Insurance products are issued by: John Hancock Life Insurance Company (U.S.A.), Boston, MA 02116 (not licensed in New York) and John Hancock Life Insurance Company of New York, Valhalla, NY 10595. Protection Universal Life LCC21 22PROUL, Protection Indexed Universal Life ICC24 24PIUL, Accumulation Indexed Universal Life ICC24 24AIUL. Form numbers may vary by state.

     

  3. Guaranteed Issue Whole Life Insurance is not available in Montana. Benefits may vary by state. These policies contain benefits, reductions, limitations and exclusions.

  4. Guaranteed Issue Whole Life Insurance is underwritten by United of Omaha Life Insurance Company, 3300 Mutual of Omaha Plaza, Omaha, NE 68175, which is licensed nationwide except for NY and does not solicit business in New York. In New York, Companion Life Insurance Company, Melville, NY 11747 underwrites life insurance and annuities. Each underwriting company is responsible for its own financial and contractual obligations along with any and all administrative and claims paying decisions.

    Guaranteed Issue Whole Life Insurance includes a graded death benefit. During the first two years, if you die from natural causes (any cause other than accidental), your beneficiaries will receive all premiums paid, plus 10%. The policy pays a specific death benefit amount to your beneficiary, the beneficiary may or may not use it to help pay final expenses.

    Guaranteed Issue Whole Life Insurance policy Form ICC18L198P (D787LFL19P in FL;1002Y-0119 in NY) or state equivalent. Motor Vehicle Accidental Death Rider Form C783LNA09R (C787LFL09R in FL; C791LLA09R in LA; C794LNC09R in NC; C799LOK09R in OK; C800LOR09R in OR; C818LPA09R in PA; C801LTX09R in TX; C817LWA09R in WA) or state equivalent.

  5. USAA Life General Agency, Inc. (LGA) (known in CA and NY as USAA Health and Life Insurance Agency) acts as an agent for select insurance companies to provide additional products to USAA members. LGA representatives are salaried and receive no commissions. However, LGA receives commissions from those companies which can include compensation based on the total quantity and quality of insurance coverage purchased through LGA. Plans not available in all states.

  6. USAA Life Insurance Company and USAA Life Insurance Company of New York are not affiliated with John Hancock Life Insurance Company (U.S.A.) or its affiliates or United of Omaha Life Insurance Company, Companion Life Insurance Company, Mutual of Omaha Affiliates nor do we guarantee the quality of their products or services. Although we may promote and/or recommend the products offered by this company, consumers should review the product carefully prior to making a purchasing decision.

  7. Life insurance and annuities provided by USAA Life Insurance Company, San Antonio, TX and in New York by USAA Life Insurance Company of New York, Highland Falls, NY. All insurance products are subject to state availability, issue limitations and contractual terms and conditions. Each company has sole financial responsibility for its own products.

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