If you are looking for a simple way to secure coverage, AAA life insurance offers a straightforward process that simplifies the shopping and buying experience.
Our AAA Life Insurance Review will delve deep into their policies, coverage levels, customer service ratings, and cost comparisons with other competitive insurance companies.
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AAA Life Insurance Company Profile
The American Automobile Association was started in 1902 and has over 58 million members across America.
AAA Life Insurance Company was founded in 1969 by the good people at AAA Motor Club, best known for providing emergency roadside assistance and travel services to its members.
Its massive nationwide roadside assistance and travel membership base make marketing AAA life insurance relatively easy.
AAA Life is located in Livonia, Michigan, with another large customer service center in Omaha, Nebraska.
Independent Reviews on AAA Life Insurance
Independent Reviews on AAA Life Insurance
Rating agencies assist policyholders by assessing a grade based on each insurance company’s financial strength and claims-paying ability.
The insurance rating agency AM Best has conducted its annual review on AAA life insurance and has affirmed the Financial Strength Rating of A (Excellent).
Unfortunately, AAA is not rated by two significant financial agencies, Moody’s and Standard & Poor’s.
Although not as important as the ratings from industry experts, most consumer reviews on AAA life insurance seem favorable to the company.
The Better Business Bureau has not officially accredited AAA Life, but it only registered a small number of BBB complaints for an insurance company.
Consumers Advocate concentrates on a company’s reputation, policies, and stability and have rated AAA a 4.5 out of five.
Consumer Affairs allows customers to evaluate and rate companies directly. The Consumer Affairs Score for AAA Life comes out to 4 out of 5.
The National Association of Insurance Commissioners follows complaints submitted to state insurance departments.
AAA has a 1.65 rating on the NAIC complaint index, which is an above-average number of complaints.
AAA Life Insurance Policies
AAA Life Insurance PoliciesAAA Life Insurance Company offers term, whole, and universal life insurance with over 1,500,000 active policies.
You do not have to be an AAA member to buy life insurance from the company, but some decent discounts are available for members.
AAA products are typically more expensive than the competition, but they offer some benefits and riders that other companies do not provide.
AAA Life Insurance Riders
AAA Life Insurance RidersAAA offers many riders for an additional cost, but their availability will depend on the type of coverage you purchase.
- Accelerated Benefit: This free rider gives you access to up to 50% of your death benefit early if you are diagnosed with a terminal illness.
- Accidental Death: An Accidental Death Rider will provide your beneficiaries with an additional death benefit if you die from an accident.
- Child Term: Parents can cover children for an extra premium o up to $20,000 in coverage.
- Waiver of Premium: If you become disabled, this rider will waive your premiums, so your policy won’t expire.
- Guaranteed Insurability: This lets you increase your base coverage without taking a new medical exam.
- Travel Accident: Pays an additional death benefit if you die while traveling.
Let’s look at how all of the AAA life insurance policies work so you can make an informed decision.
AAA Term Life Insurance Review
AAA Term Life Insurance ReviewA term life insurance plan offers guaranteed death benefits and reasonable level premiums for a certain number of years.
Our AAA term life insurance review will examine their ExpressTerm and Traditional Term life insurance policies.
AAA Express Term Life Insurance
AAA online allows you to purchase life insurance online directly from the company without using an agent.
People aged 18 to 75 can select term lengths between 10 and 30 years, with coverage between $25,000 and $500,000.
You can apply online for AAA’s ExpressTerm policy in minutes by answering a few health questions, and occasionally a medical exam will be needed for approval.
ExpressTerm is ideal for people wanting to avoid spending hours researching and comparing policies because of its easy qualification process.
You can get up to 50% of your benefits before death if you are diagnosed with a terminal illness.
Active AAA members can also save 10% on their ExpressTerm premiums.
AAA Traditional Term life insurance
The Traditional Term policy provides term lengths of 10 to 30 years, with coverage up to $5 million depending on age, gender, and general health.
A physical exam is needed to qualify for Traditional Term, and you will need to call a licensed AAA agent to complete your application.
Traditional Term allows healthy buyers the opportunity to purchase a larger death benefit than Express Term at cheaper rates.
Traditional Term allows you to add a child rider, waiver of premium rider, and accidental death benefit rider for an additional cost.
aaa return of premium life insurance
Only AAA’s traditional term life insurance can be purchased with a return of premium rider.
If you add an ROP rider, the cost of your insurance policy is higher, but if you outlast the policy term, all your premiums are returned to you tax-free.
If you cancel your policy during your level term period, you will only receive a part of the premiums back.
This expensive rider is only available for those younger than 65 purchasing coverage with at least a $100,000 death benefit.
AAA does have one of the best term life insurance policies with the return of premium riders available on 15, 20, and 30 years term durations.
Term Life insurance conversion
Traditional and ExpressTerm customers can convert their existing term coverage to a permanent policy.
Convertible term insurance can be exchanged for a longer-running AAA universal or whole-life policy with no medical questions or exams required.
Typically, policyholders can convert until the end of the initial term period or the policy anniversary after their 65th birthday, whichever comes earliest.
AAA Life Insurance Rate Chart
AAA Life Insurance Rate ChartTo help you understand how much term coverage will cost you, we have also provided AAA life insurance rates tables at various ages.
We find that a 10-year term is popular with older buyers, while a 30-year term is better suited for younger people looking to lock in affordable rates for an extended period.
Looking at the AAA life insurance rate chart below, you can compare Traditional Term Life continuing for 10 or 30 years.
10-Year Term Rates for Nonsmokers
| Age | $100k | $250k | $500k |
| 25-Year-Old Female | $7 | $9 | $13 |
| 25-Year-Old Male | $8 | $11 | $15 |
| 35-Year-Old Female | $8 | $10 | $14 |
| 35-Year-Old Male | $8 | $11 | $15 |
| 45-Year-Old Female | $13 | $18 | $28 |
| 45-Year-Old Male | $13 | $21 | $32 |
| 55-Year-Old Female | $19 | $33 | $59 |
| 55-Year Old Male | $23 | $43 | $81 |
*10-year AAA term life insurance rates for healthy nonsmokers
10-Year Term Rates for Smokers
| Age | $100k | $250k | $500k |
| 25-Year-Old Female | $16 | $24 | $44 |
| 25-Year-Old Male | $19 | $32 | $58 |
| 35-Year-Old Female | $17 | $29 | $53 |
| 35-Year-Old Male | $21 | $34 | $63 |
| 45-Year-Old Female | $32 | $57 | $109 |
| 45-Year-Old Male | $36 | $71 | $136 |
| 55-Year-Old Female | $57 | $112 | $219 |
| 55-Year-Old Male | $78 | $165 | $324 |
*10-year AAA life insurance rates for healthy smokers
30-Year Term Rates for Nonsmokers
| Age | $100k | $250k | $500k |
| 25-Year-Old Female | $12 | $17 | $29 |
| 25-Year-Old Male | $13 | $21 | $36 |
| 35-Year-Old Female | $13 | $22 | $38 |
| 35-Year-Old Male | $15 | $25 | $44 |
| 45-Year-Old Female | $22 | $41 | $75 |
| 45-Year-Old Male | $29 | $53 | $99 |
| 55-Year-Old Female | $58 | $107 | $206 |
| 55-Year-Old Male | $84 | $149 | $293 |
*30-year AAA life insurance quotes for healthy nonsmokers
30-Year Term Rates for Smokers
| Age | $100k | $250k | $50ok |
| 25-Year-Old Female | $29 | $50 | $96 |
| 25-Year-Old Male | $35 | $68 | $125 |
| 35-Year-Old Female | $40 | $72 | $139 |
| 35-Year-Old Male | $49 | $95 | $183 |
| 45-Year-Old Female | $85 | $155 | $305 |
| 45-Year-Old Male | $111 | $227 | $411 |
| 55-Year-Old Female | n/a | n/a | n/a |
| 55-Year-Old Male | n/a | n/a | n/a |
*30-year AAA life insurance payments for healthy smokers.
As you can see, these Traditional Term life rates are pretty costly for nonsmokers and smokers!
Smokers will always pay more for coverage, but AAA smoker rates are more expensive than most competitors.
For example, a 45-year-old male who smokes will pay $411 per month for a $500,000 30-year term with AAA, while only $341 per month with Banner Life.
If you need life insurance as a smoker, we encourage you to check out our life insurance calculator, which offers much better pricing.
Evaluate AAA Life Insurance Quotes
- Select Duration
- Select Amount
- Press Get Quote
AAA Whole Life Insurance
AAA Whole Life Insurance Unlike term life insurance, which protects you for a specific duration, whole life insurance offers coverage throughout your lifetime.
Our AAA whole life insurance review will discuss the policy details of Traditional Whole Life and Guaranteed Issue Whole Life.
aaa whole life insurance
Whole life provides lifelong coverage and builds cash value over time, and your premiums will never increase.
AAA whole life insurance is available for ages 18 – 85, up to a $75,000 death benefit, with an exam typically required for most applicants.
This whole-life policy has a cash value element that builds over time but is typically not a central selling point of this policy.
The whole life policy allows you to add a child rider, waiver of premium rider, and accidental death benefit rider for an additional cost.
GUARANTEED ISSUE LIFE INSURANCE
No medical exam is required for guaranteed issue life insurance, and the premiums and death benefit will remain the same until age 100.
AAA Life offers guaranteed issue life insurance with up to a $25,000 death benefit.
Applicants ages 45 to 85 can qualify automatically; however, if you die during the first two years, they will not pay the full death benefit unless the death is accidental.
If you die within the first two years of coverage, your heirs will be refunded the premium paid, plus 30%.
Like most guaranteed issue products, this coverage is costly and should only be considered by people in poor health.
AAA Universal Life Insurance
AAA Universal Life InsuranceUniversal life is typically much more affordable than whole-life coverage and offers the flexibility to change your policy in the future.
AAA sells a guaranteed universal life policy called LifeTime and a non-guaranteed product named the Accumulator.
Both universal life policies offer coverage ranging from $100,000 to more than $5 million and require a medical exam.
Both universal policies allow you to add a child rider, waiver of premium rider, and accidental death benefit rider.
- AAA Accumulator: This policy is for people who may want to use the cash value later to supplement retirement income or cover other living expenses. It has an optional guaranteed purchase rider allowing you to add coverage in the future.
- AAA Lifetime: This permanent policy has premiums and death benefits that are guaranteed not to change despite interest rate variations. It automatically comes with a terminal illness rider.
The Accumulator and LifeTime universal life policies must be purchased through a licensed AAA life insurance agent.
Always compare your AAA life insurance quotes with guaranteed universal life policies from more competitive insurers.
AAA universal life insurance rates are not always guaranteed and are more pricey than many well-known insurance companies.
We recommend looking into market leaders such as Protective Life and American General for those needing cheap lifetime protection.
While indexed universal life insurers like Penn Mutual, American National, and Pacific Life are solid choices for cash value potential.
AAA Life Insurance Review
AAA Life Insurance ReviewBefore choosing an insurance company, you must determine the type of life insurance you need, such as term, whole, or universal life insurance.
Then, you can begin evaluating AAA life insurance rates for the death benefit you need that fits within your budget.
Does AAA offer online quotes?
The aaalife.com website has a convenient quote engine for term-life policies only, while agent assistance is needed for permanent coverage.
Enter your zip code, gender, date of birth, and email address, then select the product you want to quote.
If you wish to purchase a policy, you can start your application online, but you must call an agent to complete the process with most policies.
Is AAA life insurance a good deal?
During our AAA Life Insurance Review, you learned that they offer expensive coverage with a limited product portfolio.
AAA life insurance rates run higher than other carriers in the market, such as William Penn, Transamerica Banner, and Lincoln National.
Luckily, they offer policies with customizable options, but weighing the pros and cons when deciding whether AAA suits you is important.
Advantages of AAA Life Insurance
- AAA Life’s ExpressTerm allows you to buy up to $500,000 in term life coverage oftentimes without a medical exam.
- Traditional Term Life can be purchased up to a $5 million death benefit.
- With the Guaranteed Issue and ExpressTerm policies, you can purchase your policies through the website without ever talking to an agent.
- A return of premium riders can be added to their Traditional Term policy.
- Many unique insurance riders can be added to some policies.
Disadvantages of AAA Life Insurance.
- AAA universal life insurance rates are not always guaranteed.
- Guaranteed issue policies are only available between the ages of 45 and 85.
- Whole life coverage is limited to only a $75,000 death benefit.
- Their term, universal and whole-life policies are expensive compared to other insurance companies.
Before investing in AAA Life, it’s sensible to shop around and examine plans from multiple insurers to guarantee you are getting the most desirable contract.
We promise to quickly answer all your questions and help you find reliable quotes based on your unique requirements, budget, and medical history.
Using our calculator, you can compare our life insurance rates with AAA life without speaking with an agent.
Compare AAA Life Insurance Rates
AAA Customer Service
AAA customer service is available during regular business hours if you have questions about your policy or coverage options.
AAA Life also has local insurance agents you can speak face-to-face about your insurance requirements. You can utilize the agent locator to find an agency near you.
- AAA life insurance phone number: If you have questions about your coverage, the phone number for AAA is 1-888-422-7020.
- AAA life insurance login: They have a convenient live chat option, or you can visit their website at aaalife.com.
- AAA life insurance payments: You can make payments online with eServices, and submit questions by email to membersvc@aaalife.com.
- AAA life insurance claims: For inquiries about filing a death claim, visit the website or submit an email to claimssvc@aaalife.com.
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Affordable Life USA is a leading independent insurance agency offering comprehensive life insurance solutions to clients nationwide.
Eric Van Haaften, LUTCF
1-877-249-1358
