Military Benefit Association Payment of Death Benefit
This notification is to reassure all Military Benefit Association (MBA) members and applicants that term life benefits are paid all at once, as soon as possible after the claim is filed. The only exception is the MBA Decreasing Term Monthly Income Plan, which pays its beneficiary a monthly income according to the plan selected by the member. Our definition of “lump sum” is one check for each beneficiary. In addition to the full death benefit, these payments include interest covering the period between the date of death and the date the check is processed. We believe the benefit belongs to the beneficiary, not the insurance company.
Thank you for your loyalty to Military Benefit Association.
