Based in Livonia, Michigan, AAA has become one of the most popular life insurance companies in the U.S. today.
They have an abundance of glowing reviews from satisfied customers, and over a million life insurance in place.
But are they suitable and the best insurance company for your term life policy’s needs?
Our AAA Life Insurance Company review will answer that question.
Tip: Compare instant life insurance quotes by completing our free quoter on the side of this post (Above if you’re on mobile). If you’re looking for our AAA Life Insurance Company Review, read our post below.
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AAA Life Insurance Company Review
We work with dozens of top rated life insurance companies, and understand that everyone’s needs differ.
AAA may be the right fit for one person…
…yet unfit and more expensive for someone else.
Our online quote form can help you compare insurance rates any time, but it’s worth your while to read the rest of the article for more details about AAA’s term life insurance policies.
If you have any questions about AAA life insurance, you can always contact us at 888-411-1329.
AAA Life Insurance Company History
For over 40 years, AAA Life Insurance Company has been providing insurance protection for its customers, and currently has over a million existing policies in place.
In 1969, AAA Life Insurance Company integrated with AAA.
This allowed AAA to provide a competitive collection of life insurance products, including annuity income products, so customers can financially prepare for their retirement.
AAA also provides term life insurance coverage for travel accidents.
Does AAA Term Life Insurance Offer Value?
Term life policies provide life insurance coverage for a set duration of time.
Premiums generally are locked-in and won’t rise until the end of the period.
Assuming you choose to extend it, AAA, term life insurance policies last from 10 to 30-years, with coverage amounts that range from $100,000 to $10,000,000.
You can change your term life policy to a permanent one before you turn 65 years old, or before 80% of your term is up.
If you choose to do so, your rates will increase and will continue to do so annually.
That said, if you require permanent coverage, this is a convenient way to go about it.
Further, with AAA, you could obtain as much as 50% of your coverage amount released to you prior to your demise, assuming that you have been diagnosed with a fatal life expectancy of less than a year.
AAA Life Insurance Advantages
- The insurer provides reduced rates for AAA members on several term life policies.
- Many whole and term life policies can be attained without a medical exam.
- Bigger term life coverage amounts can be attained with a medical exam.
AAA Life Insurance Disadvantages
- Provides less policy options in comparison to bigger insurers.
- Only small coverage amounts are attainable for whole life insurance.
Rates for AAA Life Insurance
Insurance rates vary per individual…
…and are based on several factors, including gender, age, tobacco use, health conditions, and more.
These aspects are all taken into consideration upon choosing a policy, and a medical exam may or may not be required.
If you’re looking for additional information, read more about No Exam Life Insurance here.
As such, it is very hard to guess precisely what rates AAA will provide you with for a term life insurance policy.
AAA Life Insurance – The Bottom Line
AAA is one of the most popular life insurance companies and has a strong reputation overall.
With that in mind, term life insurance might not be the best option for you, as AAA doesn’t always offer the lowest rates for it.
It is prudent to compare coverage options and rates between carriers prior to committing to one.
How To Get the Best Quotes from AAA Life Insurance Company
When comparing life insurance quotes on AAA Life Insurance Company products or any other insurance carrier…
…the most practical approach to do so is to work with an agency or company that can access several insurance providers.
This will allow you to directly compare companies, policies, premium amounts and benefits with an unbiased approach in order to figure out which one is most suitable for you.
When you are buying a life insurance policy, there are several main components to keep in mind, which include the term length, amount and type of coverage bought.
Discovering a suitable term life insurance policy may seem daunting.
Keep in mind that, of the many to choose from, at least one of them may be the right fit for you.
Life Insurance Blog will be happy to help you find it.
After all, we’ve already done the research!
AAA Company Details
Name(s): AAA Life Insurance Company; AAA Life Insurance Company of New York; American Automobile Association
17900 N. Laural Park Dr.
Livonia, MI 48152-3985
Ratings: A.M. Best (A-)
Life Insurance Blog
Contact us if you need help making sure you’re applying with the right company.
We work with over 60 top rated and most reputable life insurers in the marketplace.
We’ll help you get the information you need to make an educated choice.
To get started, simply fill out our free life insurance quoter on this page.
If you think you need more details, you are welcome to give us a call directly.
Life Insurance Blog can assist you in going over any uncertainties or inquiries on your mind. Call us toll-free at 888-411-1329.
We’d love to help you make this process as simple as possible.
If you would like to learn more about AAA or life insurance choices in general. We are ready to help you obtain the greatest term life insurance rate possible.
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