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Home > Health Insurance > Life Insurance > USAA
USAA
The USAA story began in 1922, when a handful of military officers met in San Antonio to form a member owned insurance company. By building around the core values of service, loyalty, honesty, and integrity, they created a company uniquely suited to the needs of the military and their families. USAA has grown into a fortune 200 financial services company with more than 81 billion dollars in owned and managed assets and offices throughout the United States and Europe. But it has remained true to its origins and is still dedicated to serving military members and their families worldwide.
Life insurance, sometimes referred to as life assurance, provides for a payment of a sum of money upon the death of the insured. In addition, life insurance can be used as a means of investment or saving. Life Insurance is a contract under which a company agrees to pay a stated amount to the beneficiary or beneficiaries named by the insured. Pure or term insurance provides a death benefit but has no current value. Ordinary life insurance and the many variations thereof provide a build up of current value as well as a death benefit. Credit life insurance covers the balance due upon a loan if it remains outstanding when death occurs. Their products and services include fields of banking, investing, insurance, financial guidance, shopping and discounts.
The mission of USAA is to facilitate the financial security of its members, associates and their families through provision of a full range of highly competitive financial products and services, in doing so, USAA seeks to be the provider of choice for the military community.
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