USAA Life Insurance expands availability of new digital life insurance product
Last November, USAA Life Insurance Company introduced a new digital-only life insurance product that doesn’t require a medical exam. Today the company is announcing that the product is now available in 47 states.
USAA Life’s Essential Term Life Insurance is available to consumers ages 21-35 starting at $15 per month, with small cost increases each year and only requires the completion of nine simple health questions. If eligible, the $100,000 policy is approved instantly and coverage lasts until the policy anniversary following the insured’s 39th birthday.
“We know that one of the biggest pain points in getting life insurance is a medical exam. With this new product, we’re making it easier for younger consumers to get the life protection they need.” – Rob Schaffer, vice president and general manager for life insurance at USAA Life.