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USAA Life Insurance Company and USAA Life Insurance Company of New York

Whole life insurance offers simple coverage for life.‍ ‍ See note 1

Get a quote for whole life insurance

What’s whole life insurance?

Whole life insurance is a type of permanent life insurance. It provides consistent coverage that lasts your entire life with fixed premiums.

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

How does whole life insurance work?

Fixed premiums

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

Cash value

Your policy can build tax-deferred cash value that you can use while you’re still living.

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.

Option to buy more coverage

After a major life event like marriage, buying a house or growing your family, you can buy more coverage without a medical exam.‍ ‍ See note 2

Is whole life insurance worth it?

The premiums are typically higher than term life, but your payments are fixed.

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 to get a policy

Steps to complete How to get a policy

  1. Get your quote

    Review coverage options to see what fits your needs. We’ll help you schedule a medical exam.

  2. Apply

    Answer a few questions and complete your medical exam. We’ll review your application.

  3. Buy coverage

    Make your first payment after your application is approved.

Get a quote for whole life insurance

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.
  • The coverage amount.

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.

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.

If you’ve had a Level Term policy for 1 year, you can convert it to a USAA permanent policy without a medical exam.

Remember that if you get a new term policy or convert one, your premium will change.

Have questions about whole life coverage?

You can call us to speak with a licensed agent or schedule a call.

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

Lock in your payments with whole life insurance.

Get a quote for whole life insurance

Related footnotes:

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

  2. 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. Eagle Express Term Life Insurance - Quotes are for estimate purposes only, and your actual premium will be determined after underwriting review and may vary by state, age, birth sex, and risk class. Risk class is determined by factors such as tobacco use, health, family medical history and lifestyle. Life insurance products may have limitations and conditions and may not be available in all states. Approval for coverage is based on your answers to underwriting questions and may require a medical exam. Premiums remain level for the duration of the policy. Form ICC24516783 11-24 (may vary state by state) issued by USAA Life Insurance Company, San Antonio, TX 78288. Not available in New York.

  6. Level Term V — Coverage is level for the duration of the policy. Premiums remain level for the duration of the Initial Benefit Period, then increase annually while benefits remain the same. Form ICC2099555 01-20 (varies by state). In New York: New York Term Series V, Form — NLT99235NY 06-20. Call for details on specific policy costs, benefits, limitations and availability in your state.

  7. 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.

  8. 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.

  9. 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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