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What’s whole life insurance?

It’s a type of permanent life insurance. USAA Secure™ Whole Life Insurance provides consistent coverage that lasts your entire life with fixed premiums. 

As long as you pay the premiums, your beneficiaries will get money to pay for things like funeral expenses and debt.

Easy application process

All you’ll need to do is add a few details about yourself and select your coverage. You may not need a medical exam.

What you get with your policy

Flexible coverage

Anyone ages 18 to 85 may qualify for a policy with coverage ranging from $50,000 to $10 million.

Fixed premiums

You can be sure that your premium won’t change. Even if your health changes, your payments stay the same.

Payment options

You can choose to make payments for 20 years, until you turn 65 or for the life of your policy. Set up your payments based on your needs.

Other whole life coverage features

Online estate planning

When you purchase a USAA Secure™ Whole Life Insurance policy, you’ll get a free will or trust package from Trust & Will, a trusted online estate planning partner.‍ ‍ See note 1,‍ ‍ See note 2

Life events

After a major life event like marriage, buying a home or growing your family, you can buy more coverage without a medical exam.‍ ‍ See note 3

Cash value

Your policy can build tax-deferred cash value that you can borrow against if you need it.‍ ‍ See note 4

Is whole life insurance worth it?

The premiums are typically higher than term life, but your payments are fixed. Plus, the coverage lasts your entire life, regardless of any changes in your health.

A whole life policy also builds tax-deferred cash value that you can use while you're still living.

Why choose us

Extra features for service members

Our whole life policy has extra features for the military, including:

  • Coverage during war.
  • Up to $25,000 to help with expenses caused by a severe injury.‍ ‍ See note 5
  • Guaranteed coverage after leaving the military.‍ ‍ See note 6

Support for you and your loved ones

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.

USAA Secure™ Whole Life Insurance FAQ

How much you’ll pay for whole life coverage depends on several things, including:

  • Your age.
  • Your health and lifestyle.
  • Your occupation.
  • How much coverage you get.

Whole life is permanent life insurance. It helps protect long-term needs like burial expenses or providing money for your kids. It also builds cash value that you can use while you’re still living.

For temporary coverage, consider term life insurance. It helps protect short-term needs like paying a mortgage or putting kids through college. Term life insurance doesn’t build cash value.

No. You won’t be able to change your payment option after you get your policy. So choose one of the following options that best fits your needs:

  • Pay for 20 years: You’ll pay off your policy in 20 years, but the coverage lasts for the rest of your life. Payments are usually higher with this option.
  • Pay until you’re 65: You’ll make payments until you turn 65, but the coverage lasts your whole life. This can be a good option if you want to pay off your policy by the time you retire.
  • Pay for life: You’ll make payments for the rest of your life, but they’ll be lower with this option.

Everyone. While we’re focused on serving the military community, all life insurance, health insurance and retirement products offered by USAA Life Insurance Company of New York and USAA Life General Agency are available to the public.

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Not sure USAA Secure™ Whole Life is right for you?

Depending on your needs and goals, you may want to explore other types of permanent life insurance.

Universal life

This policy‍ ‍ See note 7 includes:

  • Flexibility to increase or decrease coverage or payments.‍ ‍ See note 8,‍ ‍ See note 9
  • The potential to build tax-deferred cash value.
Learn more about universal life

Guaranteed issue whole life

With this policy:

  • You can’t be turned down for coverage if you’re 45 to 85 years old, or 50 to 75 in New York.
  • Your payments will never increase and your coverage will never decrease.
Learn more about guaranteed issue whole life

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Have questions about whole life coverage?

Call us to speak with a licensed agent or schedule a call for a time that’s best for you.

Call 800-531-LIFE (5433)

For TTY devices, dial 711

Hours of operation for USAA Life Insurance Company

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

Note: Days and times may vary

Schedule a call with a USAA life insurance specialist

Related footnotes:

  1. With the purchase of a USAA Eagle Express term life insurance policy, USAA Secure™ Whole Life, or USAA Secure™ Final Expense, the primary policy holder will be eligible to create either a will or trust online with Trust & Will by exercising the Eagle Plus Rider on their policy, form number ICC23505229 01-23 (may vary state by state). One-time document printing and shipping included. Not available in Florida.

  2. This content is provided for information purposes only. Estate planning and probate services are provided by Trust & Will, an online service providing legal forms and information. Trust and Will is not a law firm and they do not provide legal advice.

  3. The Life Event Option (LEO) rider is available at no additional cost with USAA Secure Whole Life, form number ICC25517453 03-25 (may vary by state) and USAA Secure Start Whole Life, form number ICC25518183 04-25 (may vary by state). It allows you to request additional whole life insurance up to six times after specified events. Additional insurance limited to the amount of base policy 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. Rider form: ICC22502635 06-22 (may vary by state) not available in New York.

  4. Policy loans reduce the death benefit and cash value and can cause the policy to lapse. If a policy with an outstanding loan lapses or is surrendered, the loan may be considered taxable income. Loans from a Modified Endowment Contract (MEC) are generally taxable and may be subject to a 10% penalty if you are under age 59½, unless an exception applies. Consult a financial or tax advisor before taking a policy loan.

  5. Military Severe Injury Benefit Rider provides $25,000 to help with the expenses in the event of certain injuries while performing military duties. These injuries include dismemberment and loss of limb function, such as paralysis; loss of vision; and severe burns, as long as base policy is in effect. Rider Form LBR67140ST 05-07 (may vary by state). Included at no additional cost. Military Severe Injury Benefit Rider not available in New York.

  6. Military Future Insurability Rider is available at no additional cost with the USAA Secure Whole Life insurance policy, form number ICC25517453 03-25. This provides an option to obtain additional life insurance coverage upon separation from the military, subject to rider terms and conditions and characterization of military separation. If the additional coverage is term insurance, the maximum level period must be selected based off the insured’s attained age as outlined in the rider. Rider form: ICC25517457 03-25 (may vary by state) not available in New York.

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

  8. Changes to Universal Life Insurance premiums may cause the policy to become underfunded and potentially lapse. Make sure you consult with an insurance professional prior to making changes in your policy's premiums.

  9. 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.

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 General Agency, Inc. is not affiliated with Trust and Will or Huge Legal Technology Company, Inc., nor do we guarantee the quality of their products or services. Although we receive compensation from and may promote and/or recommend the products offered by these companies, consumers should review the product carefully prior to making a purchasing decision.

  7. 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.

  8. Learn about USAA's use of Artificial Intelligence.

    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.

  9. The trademarks, logos and names of other companies, products and services are the property of their respective owners.

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