AAA Term Life Insurance Review: What You’re Missing (2024)

AAA, also known as the American Automobile Association, is one of the most well-known life insurance companies.

This review will provide valuable insights if you are looking for AAA term life insurance. This review will examine AAA’s term life insurance products and services to help you determine if they fit your needs.

Additionally, we will delve into the underwriting guidelines and approval process, premiums, discounts available, renewal options, aaa life insurance rates, and the pros and cons of choosing AAA’s term life insurance products over its competitors’ offerings.

For a look at all of AAA’s life insurance products, see the linked article.

Choose kindness.

You never know what battles people may be fighting.

Types of Term Life Insurance Products Offered by AAA

AAA offers two term life insurance products: Express Term Life Insurance and Traditional Term Life Insurance. While both policies offer guaranteed level premiums, a death benefit paid tax-free to beneficiaries, and the ability to convert to a permanent life insurance policy, there are some differences that potential customers should be aware of.

FeatureExpress Term Life InsuranceTraditional Term Life Insurance
Coverage Amounts$25,000 – $500,000Up to $500,000
Term Lengths Available10, 15, 20 or 30 years10, 15, 20 or 30 years
Medical Exam Required?NoYes
Approval TimeframeAs little as 10 minutesVaries depending on underwriting guidelines and state of residence
Premiums Guaranteed Level?Yes, for the entire term length selectedYes, for the entire term length selected
Are Additional Riders and Benefits Available?Yes, for an additional cost. Riders include Accelerated Death Benefit Rider, Children’s Term Rider and Waiver of Premium Rider. Benefits include Estate Planning Assistance, Funeral Planning Assistance and Grief Counseling. Not all riders and benefits may be available in all states.Yes, for an additional cost. Riders include Accelerated Death Benefit Rider and Children’s Term Rider. Not all riders may be available in all states.

Express Term Life Insurance

Express Term Life Insurance offers a quick and easy online application with no medical exam required for most applicants. Policyholders can choose coverage amounts ranging from $25,000 to $500,000 and level term lengths of 10, 15, 20, or 30 years.

This policy is a great option for those who need coverage quickly, and the policyholder will receive an approval decision in as little as 10 minutes.

However, this policy may not be available in all states and may not offer as much coverage as Traditional Term Life Insurance.

Traditional Term Life Insurance

On the other hand, Traditional Term Life Insurance requires a medical exam for most applicants but offers higher coverage amounts ranging from $100,000 to $5 million.

Policyholders can choose level term lengths of 10, 15, 20, or 30 years. This policy is a great option for those seeking higher coverage and comfortable with undergoing a medical exam.

It’s important to note that not all products and their features may be available in all states. Potential customers should contact their local AAA Life Insurance Company to determine what policy options are available in their state.

AAA Life Insurance rates are highly competitive, and the company has earned high marks for customer satisfaction.

AAA’s Term Life Underwriting Guidelines and Approval Process

When applying for AAA term life insurance, it is crucial to understand the underwriting guidelines and the approval process. This can vary depending on the applicant’s location and the type of life insurance product. Below is a summary of AAA life insurance company’s underwriting guidelines and approval process:

Underwriting Guidelines:

Approval Process:

Would you ever sneak out to avoid paying a dinner bill?

So why would you leave your family with a $10,000 final expense bill?

AAA Term Policy Premiums, Discounts, and Renewal Options

AAA life insurance guarantees level premiums for the term you selected.

Express Term Life Insurance is more expensive than Traditional Term Life Insurance, as a medical exam is not required.

Discounts are available on term life insurance premiums for eligible AAA members. The discount is typically 10% but varies depending on the state of residence.

Policyholders have the flexibility to renew their policy at the end of the initial term, and renewal rates can be higher because of age and health changes. It’s a good idea to note that all products and their features may not be available in all states.

AAA term life insurance provides competitive premiums, discounts, and flexible renewal options for eligible customers.

Term Life Additional Riders and Benefits

AAA Life Insurance offers additional riders and benefits to customize your life insurance policy, which can enhance your coverage and fit better with your circumstances.

Some of the additional riders and benefits that AAA offers are:

In addition, AAA Life Insurance offers other extra benefits such as Estate Planning Assistance, Funeral Planning Assistance, and Grief Counseling to help your loved ones through the difficult time following your death.

Note that adding riders will increase your premium, so you should choose them based on your needs and budget is advisable.

Pros and Cons of AAA Term Life Insurance

Here are some of the key advantages and disadvantages of AAA term life insurance policies you should keep in mind:

Benefits:

Drawbacks:

Overall, AAA life insurance policies offer affordable and customizable life insurance coverage. However, it’s important to carefully consider your needs and budget before selecting a life insurance policy.

AAA also offers universal life insurance policies with lifelong coverage and greater maximum coverage amount. Their guaranteed issue life insurance policy guarantees acceptance without asking any health-related questions. The company offers accidental death insurance, auto insurance, and travel accident endorsement. AAA’s online policy feature makes it convenient for its members to purchase life insurance and pay premiums.

AAA life insurance reviews have also shown strong customer satisfaction and financial strength ratings. A AAA membership can also include emergency roadside assistance and even provide retirement income. If you want maximum coverage, a lifetime AAA membership is also available.

Conclusion

AAA term life insurance might be right if you want affordable and flexible life insurance coverage.

Applying for AAA term life insurance is easy – contact an insurance professional or visit the AAA website to get started. With strong financial strength ratings and a commitment to customer satisfaction, AAA sells life insurance policies you can trust. And with approval decisions made in less than an hour for some policies, you can get the coverage you need quickly and easily.

Don’t wait – purchase life insurance today and have peace of mind knowing that your loved ones will be protected in the event of your unexpected death. Whether you need traditional term life or universal life insurance policies, AAA has the coverage to secure your family’s financial future.

Related Posts

February 20, 2024 Great Western Final Expense Insurance [2024 Update]

No-BullshitBurial Insurance Age Gender M F State Select AK AL AZ AR CA CO CT...

No-BullshitBurial Insurance Age Gender M F State Select AK AL AZ AR CA CO CT...