Life insurance is one of the biggest financial decisions that you’ll ever make for you and your family. It’s important that you make the best choice when it comes to protecting your family, but there are so many choices, it can be difficult wading through the life insurance marketplace. If you’re like most people, you’ve heard of AAA Life Insurance Company is among the best life insurance companies in the U.S. this year.
AAA is also a highly rated company, with an A- with A.M. Best and over 1,000,000 life insurance policies. Still, are they the right choice for you when it comes to term life policies?
We work with over 30 different life insurance companies, and we know that what works for some might not work for others. So, AAA might be a great choice for your friend, but it may not be for you. You can start comparing rates at any time using our online quote form, but keep reading for more information about AAA and their term life insurance policies.
We can also answer questions about AICPA life insurance or help you find Allstate life insurance rates or answer questions your may have about AARP life insurance coverage, if that is what you are interested in. We encourage you to explore all your options before you make your final life insurance purchase decision.
We know that shopping for life insurance coverage is a long and difficult search, but that’s why we are here to help. It’s our mission to ensure that you’re getting the best life insurance coverage available. Unlike traditional insurance agents, we work with dozens and dozens of highly rated companies across the nation.
This article is going to look at AAA life insurance and help you decide if it’s the best option for you. There are hundreds and hundreds of companies on the market, and all of them are going to look at your application differently. Not only will this article look at AAA life insurance, but it’s also going to look at the different ways that you can save money on your life insurance coverage.
What is AAA Term Life Insurance?
Term life policies provide you with life insurance coverage for a set period of time, with premiums usually locked in for that time, not increasing until after it is over (if you choose to continue with your life insurance coverage, that is). With AAA, you can obtain a 10 year term life insurance policy, up to a 30-year term policy and be between $100,000 and over $10,000,000 in coverage.
The good thing about AAA term life insurance is that it can be converted to permanent life insurance, provided you do this before 80 percent of your term is up, or before you turn 65. Your rates will go up after you do this, and they will continue to go up every year, but this is a way to get permanent coverage if you need it. Additionally, with AAA you may be able to get up to 50 percent of your coverage amount released to you before you die, provided you have been diagnosed with a life expectancy of less than 12 months.
For most people, term life insurance is one of the best ways to get affordable life insurance coverage. Because these plans are only effective for a certain time frame, unlike whole life insurance, you will get lower monthly rates. For anyone that is looking to get life insurance at the most affordable rate, term policies are usually the best option.
How Do AAA Rates Stack Up?
Insurance rates differ from person to person and depend on a wide variety of factors like age, gender, health conditions, tobacco use, whether you choose a policy that requires a medical exam or does not require a medical exam, etc. So, it is near impossible to predict exactly what rates AAA will offer you for a term life insurance policy.
If you’re looking to get the lowest insurance rates with AAA (or any insurance company), there are several ways that you can save money on your policy rates. As we mentioned, your age and your health are both going to play a part in measuring your monthly premiums for your coverage. There is nothing you can do about your age, but you can improve your health to save money.
After you complete the initial paperwork with the insurance company, they are going to require that you complete a medical exam with a nurse or paramedic or maybe no medical exam is needed. They will have the person come to your house, and the exam will consist of a questionnaire, taking basic vital signs, measuring blood pressure, weight, and cholesterol, they will also take a blood and urine sample. The results from the medical exam are going to play a major factor in how much you pay for your plan, which means that improving your health is going to lower your rates.
If you want to save money, it’s time to get in shape and shed those extra pounds you’ve been carrying around. Being overweight or obese drastically increases your chances of having severe health complications later in life, which means that you’ll pose more of a risk to the insurance company. The more risk you are, the more they are going to charge you to offset the risk of insuring you.
We also mentioned that tobacco usage is going to help determine how much you pay for insurance, but in fact, it’s one of the biggest factors that is used to calculate your premium rates. If you’re a smoker looking for life insurance, you’re going to pay twice as much as a non-smoker. With some insurance companies, you could pay three times more than others. This holds true for chewing tobacco users as well. If you want to keep more money in your pocket, it’s time that you took those cigarettes out of your pocket once and for all.
Another factor that is going to determine how much you pay, is the size of the policy that you purchase. Obviously, the larger the policy, the more expensive the monthly payments are going to be, which is why it’s vital that you know exactly how much coverage that you need. We can even help if you are needing a one million dollar life insurance policy.
There are several different factors that you can calculate to determine what your life insurance needs are. The first is your debt and the second is your salary. The primary goal of your life insurance is to give your loved ones the money that they need to pay off any final expenses and debts that you leave behind. The other goal of your life insurance is to replace your paycheck if you were to pass away. The policy will give them the money they need to recover from the loss without sacrificing their standard of living.
The Bottom Line
AAA is well known and has a good overall reputation. However, when it comes to term life insurance it may not be the best choice for you. After all, AAA does not always provide the lowest rates for term life policies. It is always best to compare rates and coverage options between companies before you make any decisions. We have included on our site many great company reviews for your reference, such as our Globe Life Insurance Review, check it out before making your life insurance purchase decision!
Just because they don’t tend to have the lower rates, does not mean that you should automatically disqualify them from your life insurance search. As we mentioned, they have several different advantages to their policies that are not offered by every insurance company like Colonial Penn. Every person is different, which means that every person is going to have different preferences when it comes to their insurance needs, and AAA could fit yours.
If you have any questions about life insurance or which policy is best for you, please contact us today. We would be happy to answer those questions and ensure that you’re getting the best possible coverage for your family.
Life insurance is one of the most important investments that you’ll ever make for your loved ones, don’t’ wait any longer to get the protection that they deserve. You never know what’s going to happen tomorrow. Don’t wait until it’s too late to start applying for a life insurance plan. Not having life insurance is one of the worst mistakes that you can make for your family. If you passed away, they would be left with thousands and thousands of dollars of debt. That could make an emotionally stressful situation a financial strain on your family.
We know that nobody wants to think about his or her death, but that’s why we are here. To make the process as quick and simple as possible. Working with our agents can save you hours of time sea4rching and thousands of dollars on your insurance premiums.
If you are interested in learning more about AAA or your life insurance options in general, please feel free to contact us at 1-888-552-6159. We are here to help you get the best term life insurance rates possible.