Simple Life for Home streamlines underwriting with mortgage approval process or purchase of homeowners insurance
SAN ANTONIO–(BUSINESS WIRE)– Qualified USAA members who are purchasing a home or buying homeowners insurance now have an opportunity to also purchase a simplified issue term life insurance policy that helps families make mortgage payments in the event an insured passes away.
Simple Life for Home is ideally suited to individuals who want to build a safety net for their loved ones, but currently have no life insurance in place. Simple Life for Home does not require a medical exam, and provides a quick—in some cases, instant—response after the completion of a short, online medical questionnaire. It is underwritten by USAA’s subsidiary, USAA Direct Life Insurance Company.
Simple Life for Home is portable, so policyholders can take the life insurance with them if they move. Policy portability is of tremendous value for qualified USAA members since, according to a survey conducted in 2010 on behalf of USAA, 70 percent of active duty military members have moved in the past two years, compared to 35 percent of the general public.