Term-life insurance is a great way to ensure that your loved ones will be taken care of financially if you pass away, or that final expenses and debts will be paid for, all while paying an affordable rate. It is the most affordable coverage available and allows you to choose your coverage amount and your policy terms. Most companies give you the option of 10, 15, 20, or 30 year term length.
There are numerous term-life insurance providers that you can choose from and they all have their own unique charcteristics. In this USAA life insurance review I will cover the advantages and disadvantages of USAA life insurance. As a general rule, I recommend comparing rates from multiple companies so that you know you’re getting the best deal. You can do that using our quote tool right below. Make sure to look over our many company reviews as well, such as AICPA and Mutual of Omaha.
Advantages of USAA
USAA is one of the better-known insurance carriers, especially if you are a member of the military. It began in 1922 with twenty-five army offices in San Antonio, Texas that agreed to provide insurance for each other’s vehicles. It has now grown into a highly-rated business with over seven million policyholders.
The massive company is managed quite efficiently and all claims are usually processed without any problems or delays. This is a great benefit, but reliable claim service should be the minimum standard of any life insurance company you choose. You deserve to have a company you can count on when it matters.
Disadvantages of USAA
USAA is a reliable choice and you will get good rates, as long as you are healthy. They usually have pretty competitive pricing, but their underwriting guidelines are incredibly strict. They are also not known for their personal attention and service, since they are such a huge company.
Another disadvantage of USAA is that it is only available through their company`s sales agents. This means you can’t go through a broker who could possibly secure a lower rate. Another thing to keep in mind is that USAA life insurance is only available to people who serve in the military.
There Are Options Other Than USAA
Fortunately, USAA is not the only choice you have for life insurance, even if you are military personnel being deployed. Being in the military shouldn`t cause you to pay higher premiums just because there is more risk involved with your job. You are fighting hard for our country; you shouldn`t have to fight for good term-life insurance rates.
Compare Term-Life Insurance Rates Online
Make sure to shop around before choosing an insurance carrier. Comparison shopping is quick and easy using our online rate quote tool. It automatically compares rates from the top life insurance carriers to ensure that you are getting the best rate possible.
You can start with a quote from USAA, if you prefer, just make sure that you compare it against the rates you would get from an independent insurance agent. You will be surprised at how much you can save over the course of a 30-year term policy.