The Uniformed Services Benefit Association (USBA) is a nonprofit organization providing low-cost group life insurance plans and other financial services specifically designed for the active duty and retired military members and their families, as well as well as honorably discharged veterans, National Guard and Reserve members, and federal civilian employees.

History

USBA was founded in 1959 to meet the needs of active duty military personnel, who at that time had difficulty finding adequate life insurance coverage that would cover combat-related deaths. USBA was one of the first companies to do away with the so-called "war clause" in all of its coverage.

Life Insurance Coverage

All USBA-sponsored Group Life, Accidental Death & Dismemberment and Hospital Indemnity Insurance plans are underwritten by the New York Life Insurance Company

New York Life Insurance Company

The New York Life Insurance Company is one of the largest mutual life-insurance companies in the United States, and one of the largest life insurers in the world, with about $287 billion in total assets under management, and more than $15 billion in surplus and AVR...

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Competition

Life insurance competitors include the government's own Servicemembers' Group Life Insurance

Servicemembers' Group Life Insurance

Servicemembers' Group Life Insurance is a life insurance available to all active duty and reserve members of the uniformed services of the United States...

(SGLI) as well Veterans Group Life Insurance (VGLI).