AAA Life Insurance
Protect what matters most with AAA Life Insurance
AAA offers an array of life insurance products to meet the needs of you and your family in every stage of life, all from a name you can trust.
Considerations when deciding how much life insurance you need
The coverage you pick depends on the expenses you expect your family to encounter.
Final expenses
Mortgage & rent
Emergency funds
Educational funds
Income replacement
Payment of debts
What kind of life insurance is right for you?
Term Life Insurance
AAA offers 2 ways to buy Term Life, which can cover you for a specified number of years (the term) if the premiums are paid and kept current. Apply online with ExpressTerm or work with a AAA Life Insurance Specialist to develop a Traditional Term Life Insurance plan.
| ExpressTerm Life Insurance | Traditional Term Life Insurance |
| Apply online, no health screening for those who qualify | Apply with the help of a life insurance specialist |
| Term lengths: 10, 15, 20, and 30 years | Affordable coverage (may require medical exam) |
| Guaranteed level payments2 | Term lengths: 10, 15, 20, 25, and 30 years |
| 31-day money back guarantee | Coverage ranges from $100,000 to over $5 million |
| AAA members receive a 10% discount on policy premiums | 31-day money back guarantee |
It’s never been so easy and convenient to apply for ExpressTerm Life Insurance through AAA’s secure online application. Get a no-obligation quote, complete the application, and if approved, coverage could begin today.2
Traditional Term Life Insurance may be a cost-effective way for those wanting coverage for 30 years or less, people looking to cover a mortgage or college education, young families on a budget, and others. AAA members save 10% on monthly premiums.
Traditional Term Life, 10-year level3$500,000 coverageMonthly rates for AAA members (super preferred, non-nicotine) |
||
Age |
Male |
Female |
20-25 |
$16.23 |
$15.05 |
26-35 |
$16.63 |
$15.44 |
40 |
$22.57 |
$20.59 |
45 |
$36.03 |
$31.68 |
50 |
$57.81 |
$43.16 |
55 |
$89.10 |
$65.34 |
60 |
$147.31 |
$96.23 |
65 |
$256.61 |
$158.79 |
Rates effective as of 10/24/2020
Whole Life Insurance
Whole Life Insurance builds cash value with locked-in rates that never change. With coverage ranging from $30,000 to $75,000, it can assist with final expenses and debts, supplement a Term Life Insurance policy, and provide additional income. There’s no medical exam for those who quality and AAA members save 10% on monthly premiums.
Whole Life Insurance4
|
||
Age |
Male |
Female |
35 |
$47.42 |
$43.55 |
45 |
$64.34 |
$59.38 |
55 |
$91.43 |
$81.35 |
65 |
$141.68 |
$121.96 |
AAA member discounted rates effective as of July 3, 2019
Universal Life Insurance
Universal Life is permanent insurance that has a cash value accumulation feature that can provide funds for later-in-life needs.5 It is also an efficient way to leave proceeds to family or a favorite charity5 as the death benefit is generally not subject to income taxes. Universal Life may be right for people who want to earn a competitive interest rate on their premiums and those who need to cover education expenses, a mortgage, or supplement retirement benefits.
Annuities
AAA offers 2 kinds of annuities6 to help bring stability to your retirement plan. With the Guaranteed Income Annuity, you can transform some or all your funds into immediate regular payments designed to last a lifetime. With the Platinum Bonus Annuity®, you can earn interest on your retirement savings now and pay taxes later.
- A competitive payout rate
- Fixed income that isn't subject to market fluctuations
- A lump sum withdrawal can be taken for unexpected needs
- Supplements retirement
- Competitive interest rate and first-year bonus7
- Maximize your earnings through the power of tax-deferral
- Free withdrawal once per contract year, up to 10%
- Comes with a 5-year term
Guaranteed Income Annuity8How a $100,000 1-time sum of money could be turned into retirement income8 |
|||
Age |
Monthly payment you'll receive |
Total payment you'll receive annually |
Your payout rate for life |
60 |
$356.32 |
$4,275.84 |
4.30% |
65 |
$404.94 |
$4,859.28 |
4.90% |
70 |
$471.55 |
$5,658.60 |
5.70% |
75 |
$566.13 |
$6,793.56 |
6.80% |
The payout rate is the income received each year as a percentage of your initial premium. It is not an interest rate.
| Platinum Bonus 5 Annuity9 | |||
Issue amounts |
First-year base interest rate |
First-year bonus rate |
Total first-year interest rate |
$3,000 - $49,999 |
1.00% |
.05% |
1.05% |
$50,000 - $499,999 |
1.00% |
.05% |
1.05% |
$500,000 and above |
1.00% |
.05% |
1.05% |
Rates effective as of August 14, 2020
AAA Life Insurance services & tools
Get help deciding what coverage is best for your needs with a free analysis. AAA Life and its agents do not provide tax, legal, or financial advice.
Log in or register for an account to manage your policy. Pay your life insurance bill, set up Auto Pay, manage your contact information, and more.
1Life insurance underwritten and annuities offered by our affiliate AAA Life Insurance Company, Livonia, MI. AAA Life Insurance Company is licensed in all states except NY. The life insurance needs assessment is for informational purposes only and is only a broad, general guideline based on information provided to the agent. Any recommendations are not based on legal, financial, or tax advice. You may wish to consult with an independent legal, financial, or tax professional before purchasing life insurance. Your local AAA club and AAA Life Insurance Company do not provide tax advice. Your local AAA club and/or its affiliate act as an agent of AAA Life Insurance Company. Products and features may not be available in all states. Copyright ©2020 Auto Club Services, LLC. For CA: Automobile Club of Southern California (CA Dept. of Insurance License #0003259) acts as an agent for AAA Life Insurance Company. Copyright ©2020 Automobile Club of Southern California.
2Premiums are guaranteed. They are level for the term period and increase annually thereafter. Any sample premiums are examples only and may vary based on your personal health history and underwriting guidelines. The answers provided to the health questions are used to determine eligibility for coverage. Not all applicants will qualify. Product and its features may not be available in all states. Coverage ends at age 95. Your local AAA club and/or its affiliate act as an agent of AAA Life Insurance Company. Copyright ©2020 Auto Club Services, LLC. All rights reserved. ExpressTerm Policy Form Series: ICC19-1601 For CA: Life insurance underwritten by our affiliate, AAA Life Insurance Company, Livonia, MI. The Automobile Club of Southern California acts as an agent for our affiliate, AAA Life Insurance Company. AAA Life CA Certificate of Authority #07861. CA Dept. of Insurance Lic. #0003259. Copyright ©2020 Automobile Club of Southern California. All rights reserved.
3Traditional Term Life Insurance premiums are guaranteed for the term period, then increase annually thereafter, not to exceed the maximum stated by the policy. The above traditional term rates are quoted for AAA members and are discounted by 10%. All descriptions are intended solely to inform about coverage options, policy features and rates. Rates and coverage are subject to approval and may be higher or lower depending on personal health history and on company underwriting guidelines. Life Insurance underwritten by our affiliate AAA Life Insurance Company, Livonia, MI. Your local AAA club and/or its affiliate act as an agent of AAA Life Insurance Company. AAA Life Insurance Company is licensed in all states except NY. Copyright ©2020. All Rights Reserved. Term Life Insurance Policy Form Series: ICC19-1801/1801. For CA: Product and its features may not be available in all states. Automobile Club of Southern California (“Auto Club”) acts as the authorized agent for AAA Life Insurance. AAA Life CA Certificate of Authority #07861. Auto Club CA Dept. of Insurance Lic. #0003259. Copyright ©2020 Automobile Club of Southern California. All Rights Reserved.
4The answers you provide to the health questions will be used to determine your eligibility for coverage along with other resources. A medical exam may be required with this New Whole Life Product. Rates and policy approval are subject to specific underwriting guidelines. You must be between the ages of 18 to 85 to purchase this Whole Life Product. Your rate may be higher depending on your personal health history and company underwriting guidelines. Product and its features may not be available in all states. Life insurance underwritten by our affiliate AAA Life Insurance Company, Livonia, MI. Your local AAA club and/or its affiliate act as an agent of AAA Life Insurance Company. AAA Life Insurance is licensed in all states except NY. Copyright ©2020. All Rights Reserved. The Whole Life Policy Form Series: ICC18-5601. Tracking ALSC-25540-919-XX. For CA: Automobile Club of Southern California (“Auto Club”) acts as the authorized agent for AAA Life Insurance. AAA Life CA Certificate of Authority #07861. Auto Club CA Dept. of Insurance Lic. #0003259. Copyright ©2020 Automobile Club of Southern California. All Rights Reserved.
5Universal Life Insurance you can increase your payments to add funds to the accumulated cash value, up to a specified limit. (The growth in cash value is tax-deferred under current federal income tax law.) You can also reduce or stop paying premiums as long as you maintain certain minimum cash value levels. Also with Universal Life Insurance, if you need additional coverage, you can, with approval, increase the amount of coverage to suit your current needs. Coverage amounts range from $100,000 to more than $1 million. Your local AAA club and/or its affiliate act as an agent of AAA Life Insurance Company. Products and features may not be available in all states. Copyright ©2020 Auto Club Services, LLC. All rights reserved. Lifetime Universal Life Policy Form Series: ICC10-4601, UL-4601. For CA: Automobile Club of Southern California (CA Dept. of Insurance License #0003259) acts as an agent for AAA Life Insurance Company. Copyright ©2020 Automobile Club of Southern California. All rights reserved.
6Annuities offered by AAA Life Insurance Company, Livonia, MI. Product and its features may not be available in all states. Annuities are not short-term products. See your contract for specific benefits provided, as benefits may be taxable. Interest rates are based on current rates and are subject to change without notice. All rates shown are annual effective yields. The first-year declared interest rate is guaranteed for the first contract year only and is separate from the guaranteed minimum rate effective for all contract years. Annuities are not short-term products. During the surrender charge period, withdrawals exceeding 10% will be subject to a surrender charge that may be higher than fees associated with other types of financial products and may reduce principal. See contract for specific details of the surrender charge schedule. Withdrawals prior to 59½ may be subject to IRS penalties, separate from the annuity’s schedule of surrender charges. IRAs and Qualified Plans already provide tax-deferral of earnings. There is no additional benefit from the annuity's tax-deferral feature. An annuity should be used to fund an IRA when its features, other than its, deferral, are beneficial. AAA Life and its agents do not provide legal or tax advice. Therefore, you may wish to seek independent legal, tax, or financial advice to see if annuities are right for you. Your local AAA club and/or its affiliate act as an agent of AAA Life Insurance Company. Products and features may not be available in all states. Copyright ©2020 Auto Club Services, LLC. All rights reserved. For CA: Automobile Club of Southern California (CA Dept. of Insurance License #0003259) acts as an agent for AAA Life Insurance Company. Copyright ©2020 Automobile Club of Southern California. All rights reserved.
7Platinum Bonus 5 Annuity current rate shown is a total first-year annuity rate, representing the first-year bonus interest rate, plus the current base interest rate.
8Payment amounts and payout rates current as of 1/02/2021, are subject to change without notice and vary by state. Rates based on a Life Only Lifetime Guarantee Option for a female customer in the state of California with a $100,000 premium payment. The annuity income shown is before any federal and state taxes that may apply. Product and its features may not be available in all states. Annuities are not short-term products. Payments to you may be taxable. Withdrawals prior to age 59½ may be subject to IRS penalties. This information is not a contract and is a summary of provisions and does not contain all of the benefits and exclusions. All descriptions are intended solely to inform you about the many features of annuities. The contract and its endorsements determine exact product features and benefits. Life insurance underwritten and annuities offered by our affiliate AAA Life Insurance Company, Livonia, MI. AAA Life Insurance Company is licensed in all states except NY. Your local AAA club and/or its affiliate act as an agent of AAA Life Insurance Company. AAA Life is licensed in all states except NY. For CA: AAA Life CA Certificate of Authority #07861. Automobile Club of Southern California acts as an agent for its affiliate, AAA Life Insurance Company. CA Dept. of Insurance License #0003259. Copyright ©2021. All Rights Reserved. ICC14-4120, SPIA-4120; ALAN-22701-117b-XX.
9The first-year declared interest rate is an effective yield that is guaranteed for the first contract year only and is separate from the guaranteed minimum rate effective for all contract years. Rates current as of 06/17/2019 and are subject to change without notice. Interest rates are credited from the first day of receipt of funds. You can increase your payments to add funds to the accumulated cash value, up to a specified limit. (The growth in cash value is tax-deferred under current federal income tax law.) Your local AAA club and/or its affiliate act as an agent of AAA Life Insurance Company. Products and features may not be available in all states. Copyright ©2020 Auto Club Services, LLC. All rights reserved. Platinum Bonus Contract Form Series: ICC11-4111, DA-4111. For CA: Automobile Club of Southern California (CA Dept. of Insurance License #0003259) and affiliates acts as an agent for AAA Life Insurance Company. Copyright ©2020 Automobile Club of Southern California. All rights reserved.
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