USAA offers term, whole and universal life insurance policies. While its lineup is smaller than some of our top picks, its policies are full-featured and offer good value. Its term policies can be converted to permanent coverage and some offer no medical exam for qualifying applicants. USAA’s whole and universal life insurance policies have attractive cash-value growth potential and a lifetime coverage guarantee. USAA also offers a variety of additional benefits with its permanent life insurance policies, such as SGLI replacement and a severe injury benefit.

In addition to life insurance, Best USAA life options sells auto and home insurance. It also provides a range of banking and retirement planning services through its affiliated credit union and investment and financial services companies. USAA’s policies come with military discounts and other special benefits.

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Our Best USAA life options include its no-exam term policy, which is available to eligible citizens ages 21-59. This policy offers death benefits that range from $100,000 to $1 million, and it can be converted into a whole life policy without a health exam. Its whole and universal life policies are designed to provide lifetime coverage at a fixed premium. They also have the option to earn tax-deferred cash value that you can borrow against if needed.

USAA’s underwriting is somewhat strict, with only the most common and manageable health conditions considered acceptable. That means it may be more expensive than other providers for people with serious or chronic health problems. However, its high customer satisfaction ratings and strong financial strength make it an excellent choice for many people.