The 2009 SIFMA-IBM Technology Survey Results
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USBA Replaces Life Insurance System, Launches New Products with CSC
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Overview: The Uniformed Services Benefit Association (USBA) wanted to outsource management of its extended insurance systems and launch new specialty insurance products. CSC converted USBA’s products to CSC’s system. USBA offers a variety of affordable term and whole life products with single, joint and family coverages that are ideal for highly mobile members of the service, many of whom are starting families. USBA’s Generation 3 plan, for example, blends whole life, decreasing term, and paid-up additional insurance with level coverage and premiums designed to remain level. With the new system in place, USBA launched a children’s whole life policy, First Steps, and has now introduced a new 10-year level-term product with a streamlined development cycle.
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