SAN ANTONIO, January 10, 2022 / PRNewswire / – In response to growing interest in a streamlined application process and lower prices, USAA Life Insurance Company (USAA Life) today announced that its new digital life insurance product that does not require no medical exam is now available in 47 states.
According to the USAA’s “Life Can’t Wait” survey, the monthly cost and lack of medical examination are important factors when choosing a life insurance company. About 58 percent of respondents said cost was the most important factor. Not requiring a medical examination was cited by 24 percent of respondents.
Addressing these specific needs, USAA Life Essential Life Insurance (ETLI) is available to consumers aged 21 to 35 from $ 15 per month, with small cost increases each year, and only requires answering nine simple health questions. If eligible, the $ 100,000 policy is approved instantly and coverage lasts until the policy anniversary following the 39e birthday.
“We know that the medical examination is one of the main problems in obtaining life insurance,” says Rob schaffer, vice president and general manager of life insurance at USAA Life. “With this new product, we are making it easier for young consumers to get the protection they need.”
To learn more about USAA Life’s essential term life insurance, visit usaa.com/worthit.
Founded in 1922 by a group of military officers, USAA is a leading provider of insurance, banking, and investment and retirement solutions to 13 million members of the United States military, veterans who served honorably and to their families. Based at San Antonio, Texas, USAA has offices in seven US cities and three overseas locations and employs more than 35,000 people worldwide. Each year, the company contributes to national and local nonprofit organizations to support military families and the communities where employees live and work. For more information on USAA, follow us on Facebook or Twitter (@USAA) or visit usaa.com.
Life insurance and annuities provided by USAA Life Insurance Company, San Antonio, Texas. All insurance products are subject to state availability, issuance limitations and contractual conditions.Prices shown for $ 100,000 Essential term life insurance for a 21 year old female in the standard plus risk category available for this product. The risk class for this product is fixed. Quotes provided are intended for estimation purposes only. Prices may vary by state. Essential Term Life Insurance: A term life insurance product that renews annually, premiums remain stable for one year, then increase each year while benefits remain the same until the policy expires. Form ICC2199869 04-21 (varies by state). Not available in all states.