AAA Life Insurance Review [2021]

AAA Life Insurance, not to be confused with AARP, is an entity of AAA the auto insurance company. In this AAA Life Insurance Review for 2021, learn how AAA stands out against other companies in company ratings and reviews. Also, learn about the types of coverage AAA Life offers.

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Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. She has worked for small health in...

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Benjamin Carr was a licensed insurance agent in Georgia and has two years' experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent

UPDATED: Jul 19, 2021

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Quick Facts

  • AAA Life Insurance Company was created in 1969

  • It is an entity of the American Automobile Association (AAA)

  • AAA has four insurance policy options

AAA may not come to mind when you’re making a list of life insurance carriers, but this company has been in the insurance industry for over fifty years. The AAA Life Insurance company provides a variety of products that fall into one of the four main categories: term, whole, and universal life insurance. It is separate from the AAA home and auto company. AAA Life even has some coverage options that do not require a medical examination.

Follow through this guide to AAA Life Insurance company to see if it’s the right company for you. We’ll go over the customer reviews — and how you can leave one — as well as how AAA Life stands up against its competitors.

If you think you’ve already read enough, you can start comparing life insurance quotes in your area. Enter your ZIP code now, and start preparing for the future.

What is AAA life insurance?

The life insurance subsidy of AAA (or American Automobile Association) is the AAA Life Insurance Company which was created in 1969. It was created in order to provide life insurance products and annuities to its members. Now, after more than 50 years, the insurer manages more than a hundred-million active policies.

AAA Life Insurance Company is headquartered in Livonia, Michigan, with its customer service center in Omaha, Nebraska. Today, the company has an online application available or, you can go through traditional agents for policies that may require medical exams and personalized interviews to get your life insurance quote. You can also find the AAA life insurance login online after you’ve created an account

The company also offers accident insurance for AAA members.

You do not need to be a member in order to buy AAA life insurance, though there are many discounts on life insurance rates available for members.

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Is AAA good life insurance?

Whether or not AAA life insurance is a good deal will depend on who you are and how you live your life.

That’s a vague answer for a vague question, see how third-party companies have compiled reviews from life insurance policyholders. You can also leave a review below if you have a policy from the AAA Life Insurance Company.

What do customers say about AAA life insurance? 

AAA reviews complied submitted to the Department of Insurance are what make up its score on the NAIC Complaint Index the National Association of Insurance Commissioners is a .36, which is relatively average. As readers review AAA Life Insurance Company with Quick Quote, you can find more reviews at the bottom of the page.

What available plans does AAA Life have?

AAA Life offers term, whole and universal life insurance products, as well as accident insurance policies. Most of these plans are flexible, though there are some limitations.

AAA Life’s agents can assist you in determining which life insurance plan is for you, or if you have any additional questions.

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How much life insurance do I need?

There is a chance that the type of life insurance you need will need some adapting to your life as your life changes.

Generally, you want to have between at least seven percent of your annual income in your death benefit account.

It may be necessary to re-examine your insurance portfolio when there is a major event to make adjustments if necessary. This could be a marriage, a birth, buying a new home, a major illness, loss of job, retirement, divorce, or death of a spouse.

So what types of insurance from AAA could be right for you?

What is AAA term life insurance?

Term life is a type of policy that guarantees payment to the beneficiary over specified time periods. Once that initial term period, or term, expires the policyholder will need to extend it. At the time of expiration, you could convert your life insurance coverage to a permanent insurance policy or let it expire if you’d rather just get rid of the coverage.

If you’re looking for term life insurance quotes from AAA Life, you can find enter your ZIP code in our free comparison tool.

It’s usually more affordable than other life insurance policies. This life insurance product is usually good for young couples and families. Payments may cover children’s education or a loss of household income.

With AAA Life, your monthly premiums don’t change during your policy, which means that neither will the benefit.

What is AAA term life insurance?

AAA Life offers 10-, 15-, 20-, or 30-year term life policies. These 10- to 30-year term life policies allow up to $500,000 in coverage. When you visit the website, you’ll find that AAA Life gives you two options:

The first is ExpressTerm life insurance, which allows you to apply online and without an agent. This means that if you’re approved you will have immediate coverage.

This is one of the programs offered by AAA Life that has no medical examination. You may have to answer some health-related questions. You may be denied if you have a pre-existing condition.

Policyholders are able to convert AAA Life term life coverage to whole life, a permanent policy, when they turn 65 or at the end of their policy term. Keep in mind that the policy will expire at age 95.

The next is Traditional Term life insurance. With this policy, you will need to apply with an agent. This policy is limited to those ages 17 to 75.

Again, with this type of term life insurance, your monthly premiums will be locked in, and you may also convert it into whole life insurance if you want permanent coverage in the future.

This traditional term life policy is also available in term lengths ranging from 10-, 15-, 20-, 25-, and 30-years, but coverages are $50,000 to $5 million or more.

This policy expires at age 95 and can include living benefits in case of a terminal illness. This allows you to withdraw up to 50 percent in order to pay expenses.

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What is AAA whole life insurance?

Whole life insurance is a policy, rather than end at a specific term, remains in effect for your whole life. Your monthly premiums will remain the same throughout your lifetime.

The policy ranges are only $5,000–$25,000, though there is an accelerated death benefit feature that allows but does allow up to 50 percent of the policy value in the case of a terminal illness.

AAA Life whole life insurance also has a built-in cash value that you can borrow from.

AAA Life allows add-on riders for whole life insurance policies, allowing you to add additional benefits to your policy if needed. This includes up to $5,000 of automatic payments if you become totally disabled, and an additional $25,000 benefit for serious injury or accidental death.

AAA Life two types of whole life insurance.

Whole life Insurance provides straightforward, lifelong security that helps you lay a foundation for after you’ve died. This policy build value over time and your premiums will never change.

Simple whole life insurance helps your family gather the pieces with a little peace of mind. It includes:

  • $5,000–$25,000 coverage from ages 15 days to 80 years old
  • No medical exam required and no waiting period
  • Premiums remain the same but must be paid until 100 years old

Then there is the guaranteed issue life insurance option.

Guaranteed whole life insurance from AAA Life is ideal for those who are concerned about their health or family history. This policy lays out something like this:

  • Value up to $25,000
  • Guaranteed acceptance with no medical exam
  • No health questions
  • Issued to ages between 45 and 85 years old
  • Accelerated death benefit included up to 50 percent of benefit while still living
  • Builds a cash value
  • AAA members can save on annual rates
  • Premiums remain the same until age 100

AAA Life’s Guaranteed Issue policy offers immediate acceptance but will not pay the death benefit in full if the death.

What is AAA universal life insurance?

The last kind of life insurance offered by AAA is universal life insurance. This is a policy that offers coverage starting at $100,000 with cash value that grows over time. This coverage may change over time.

AAA Life offers two types of universal life policy. The first is LifeTime Universal life insurance. These are the factors:

  • Premiums are guaranteed not to change despite interest rate fluctuations
  • Can accumulate cash value
  • Must apply with an agent
  • Medical exam required
  • AAA may offer competitive premiums

AAA Life also offers Accelerator Universal life insurance, which starts at $100,000 and goes up to more than $5 million. This is a permanent life insurance plan with a medical exam required. You should expect at least six weeks for a waiting period. Other factors include:

  • Adjustable premiums throughout the lifetime
  • Available discounts on additional insurance products through AAA
  • Accrues cash value
  • Income is tax-free
  • Able to withdraw up to 50 percent (or $500,000 max) if diagnosed with a terminal illness

Not all of these life insurance policies may cover who you expect, keep reading to learn about beneficiaries and riders.

What does AAA life insurance cover?

More often than not your beneficiaries will still get the life insurance payout, but if your lifestyle poses enough of a risk, your insurer may add a life insurance exclusion to your policy prohibiting payment distribution if you die doing said risky activity.

AAA Life Insurance Riders

Life insurance riders are optional and allow you to include additional coverage. These include:

  • Child term
  • Disability waiver of premium
  • Accidental death
  • Travel accident

Not all plans are eligible for riders.

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What are AAA Life‘s company ratings?

AAA Life was not included in J.D. Power’s most recent life insurance survey, nor any in recent years. However, commonly consulted AM Best has over and over again given AAA Life an excellent rating in financial security.

Who has the best life insurance policy?

Check out the table below to quickly compare rates of AAA life insurance and its competitors to help you better your search.

The Best Guaranteed Issue Life Insurance Companies
Guaranteed Issue Life Insurance SummaryAAA StatsAIG StatsGerber Life Insurance StatsMutual of Omaha StatsNew York Life Stats
Age Availability45-8550-8550-8045-8550-80
Waiting Period2 years2 years2 years2 years2 years
Payout During Waiting PeriodPremiums paid + 30% interestPremiums paid + 10% interestPremiums paid + 10% interestPremiums paid + 20% interestPremiums paid + 10% interest
Minimum Life Insurance Coverage Limit$5,000$5,000$5,000$2,000$2,500
Maximum Life Insurance Coverage Limit$25,000$25,000$25,000$25,000$15,000
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AAA insurance is a good option for someone who might already be an AAA member, as they receive discounts for belonging to the parent AAA. The company has been in business for decades; so you know you can count on its financial stability.

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Do you have more questions about AAA life insurance?

Still have more questions about AAA life insurance options? Keep reading to find out more about AAA life insurance.

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No. 1 Is AAA accident insurance worth it?

Accident insurance is a coverage that pays out a lump sum if you are injured during an accident. It is meant to compliment other insurance types as you claim benefits even if you can still work.

You may benefit from accident insurance if you find that no other coverage is working for you. It is relatively inexpensive.

No. 2 What is the best life insurance companies in California?

That is going to vary depending on what you need. The best was to find this out is to research the company’s third-party ratings, such as J.D. Power and AM Best.

Also make sure that your life insurance company is licensed in California.

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