nited Services Automobile Association (USAA) is a Fortune 500 financial services company offering banking, investing, and insurance to people and families that serve, or served, in the United States military. USAA offers a range of personal property and casualty (P&C) insurance including automobile insurance, homeowner insurance, renters insurance, valuable personal property insurance, and umbrella insurance. In addition to P&C insurance, USAA provides whole life insurance, term life insurance, and annuities. USAA's life insurance policies, while not completely unique in the industry, are different than most offerings since they do not include a war-exclusion clause (also known as a "war clause"). Banking services are provided by the USAA Federal Savings Bank.USAA provides a limited discount brokerage service and a family of no-load mutual funds.Mutual funds established by other companies can also be purchased and held in USAA investing accounts. USAA also offers limited free Financial Planning advice, as well as a more thorough flat-fee or hourly-rate financial planning service.