USAA Life Insurance ReviewReviewAdviceFAQ's

USAA Life Insurance Reviews

Advertiser Disclosure

For more information

Get Quote
  • Pros
  • Excellent array of life insurance products available
  • Free financial advice for life insurance beneficiaries
  • Simple application process
  • $25,000 severe injury benefit with military term life insurance
  • Expedited application for members facing deployment
  • Cons
  • Only available to military families

USAA Life Insurance

USAA has become one of the most reputable financial institutions. Founded in 1922, USAA takes pride in serving military families by offering great financial products like life insurance at affordable rates, and by delivering superior customer service to match. If you are in the military, have served or have a relative that has done either, you are eligible to use its great products.

USAA Life Insurance Policies

USAA has four different types of life insurance coverages available; here's a closer look at each one and some of the benefits you receive with each:

  • Level term life insurance: Level term life insurance replaces lost income that could arise in the future. The benefit of this coverage is it lasts up to 30 years and you make fixed payments on this policy, resulting in an expense that won't change over the duration of the coverage period.
  • Military term life insurance: This supplemental insurance policy goes with your SGLI to provide added financial protection for your loved ones. One of the best perks about it is if you are about to deploy, USAA will speed up the application process to ensure your policy starts quicker.
  • Universal life insurance: With this policy, you build up cash value over time, which you can withdrawal for personal use. However, any amount you withdrawal will reduce the amount of the benefit paid to your family in the event of your death. Moreover, with this policy, you have the ability to adjust coverage amounts over time to better fit your family's needs.
  • Whole life insurance: With whole life insurance, your policy and payments will remain the same throughout the length of the term, giving you peace of mind as well as predictability in payments. Similar to other life insurance policies, you build a cash value from which you can borrow or withdrawal money for a variety of personal uses. Both whole life and universal life's policy terms cover your lifetime whereas USAA's other policies will cover you up to 30-year terms.

What separates USAA from other financial providers is the high level of care it offers its customers and relatives. A great example of this is with each life insurance policy, your beneficiaries can receive free financial advice. This is another way you can have peace of mind in knowing not only will you provide for your loved ones, but USAA will be there as well, providing guidance your family members can use to manage their money effectively.

How the USAA Life Insurance Application Process Works

When you are ready to see how much a term life insurance policy is with USAA, you can visit its website or contact it by phone. If you visit its website, it has a great tool that can help you calculate how much life insurance you need. Once you determine the amount you need, you can receive a quote quickly.

If you find the quote to your liking, you can complete the application online or through the phone with a licensed insurance representative. From there, USAA will setup a medical exam you will undergo as part of its underwriting process; this is a free exam where a medical professional will visit your home, office or other place you designate to test your blood pressure and gather urine and blood samples.

After the lab runs these samples, it will send the results to USAA, who will then make a determination on your life insurance policy, including whether you are a good risk to it and what your policy amount will be. Unless you state otherwise, and USAA approves your application, it will process your first policy payment and you'll have financial protection. Overall, the whole process takes anywhere from four to six weeks for you to complete.

Benefits of Going with USAA Life Insurance

USAA has an exceptional reputation of serving military members and their families. This reflects in the diverse life insurance policies it offers, where you can find the one that matches you and your family's needs. Not only will you have a choice from multiple life insurance policies, you receive excellent benefits with each, including free financial guidance for your beneficiaries and a $25,000 severe injury benefit for the military term life coverage. These are added features for free you won't find with other providers.

Additionally, since USAA is a full-service financial provider for military families, you have access to a wide range of financial products, making it a great one-stop resource for all your financial needs. You might even qualify for a discount by having multiple insurance policies with USAA. Discounts aside, having all your financial matters with one provider makes it easier to manage everything while also giving you access to some amazing products.

Drawbacks to Using USAA Life Insurance

Since USAA requires a medical exam, it isn't the quickest method to receive life insurance whereas with other providers, you can fill out a simple application and in some cases, receive coverage the same day. At the same time, it's important to note the medical exam is free and is a great way to gauge your health.

Tools and Resources

USAA's website is full of educational resources to aid you. Included in this are helpful articles that can help you determine your life insurance need and how to understand the different types of life insurance available. It also has a member community available where you can connect with other USAA members to share or receive financial advice.

Customer Service with USAA Life Insurance

USAA's life insurance agents are available Monday through Saturday to field your calls. There's also an email option and social media accounts with Facebook and twitter, where you can contact a member of its staff. USAA takes pride in delivering exceptional service, best reflected in its A+ rating with the Better Business Bureau.

Verdict - Very Good

USAA offers a diverse array of life insurance products with excellent perks. Moreover, with an easy application process, excellent customer service and intuitive web tools, USAA makes it simple for you to find the information you need quickly. If you are in a military family, it behooves you to take advantage of USAA's excellent life insurance products.

Last Updated:

USAA Life Insurance Consumer Reviews

Average Customer Rating

9 out of 10 rating 9 2 User Reviews

User Rating Distribution

Ratings: 10 - 9 2
Ratings: 8 - 7 0
Ratings: 6 - 5 0
Ratings: 4 - 3 0
Ratings: 2 - 1 0
9 out of 10 rating 9 Customer Service None

USAA have the best customer service agents and their life insurance policies are affordable. It is hassle free to set up and they are there to help throughout the whole process.

Show More
10 out of 10 rating 10 Easy application None

An easy and stress free application and a great peace of mind policy. Great customer service.

Show More

16 Great Money Saving Tips!

Cut expenses by $500+ a month. Download our FREE eBook today.

Download Now

Join our newsletter to receive the latest money saving advice, reviews, and offers!

YesI want to learn how to be a smart consumer!NoI'm not concerned about wasting money

100% privacy. We will never spam you.

Where should we mail you our
money saving advice, reviews & offers?

100% privacy. We will never spam you.

Adding your email to our mailing list.

Please wait just a moment

Your email has been added!

Thank you for signing up.

Close

Advertiser Disclosure

In order for MoneySavingPro to remain a consumer free service, many of the companies covered in our industry reviews compensate MoneySavingPro for new sign ups.

However, the results of our comparison tools, the rankings of the providers and the information presented is not affected by compensation. Indeed, many of these companies approach us for an advertising partnership after we have already written a published their reviews.

While we try to research and review as many providers as possible in the 100+ industries we cover, we have not reviewed every company available.

Our rating system is independent of compensation and reflects our true understanding of the industry and the company based on a variety of factors. The companies that receive the highest rating will always be the providers that we believe offer the best value to the consumer.

Advertiser Disclosure

In order for MoneySavingPro to remain a consumer free service, many of the companies covered in our industry reviews compensate MoneySavingPro for new sign ups.

However, the results of our comparison tools, the rankings of the providers and the information presented is not affected by compensation. Indeed, many of these companies approach us for an advertising partnership after we have already written a published their reviews.

While we try to research and review as many providers as possible in the 100+ industries we cover, we have not reviewed every company available.

Our rating system is independent of compensation and reflects our true understanding of the industry and the company based on a variety of factors. The companies that receive the highest rating will always be the providers that we believe offer the best value to the consumer.