Does AAA Offer Life Insurance? 

In short: Yes! AAA does offer life insurance, focusing on term life insurance and permanent life insurance, which includes universal life insurance. AAA life insurance policies are designed to evolve with your life, and our knowledgeable agents will provide you with guidance every step of the way. 

The following is a breakdown the types of life insurance offered by AAA, with explanations and input from AAA insurance agents. 

AAA Term Life Insurance

AAA term life insurance provides coverage for a set period of 10 to 30 years. It is designed for a specific period of your life, such as while you’re raising a family. It usually costs less than other types of insurance, and premiums remain at one fixed rate for the duration of the term.  

“Term insurance is most often used for income replacement and mortgage coverage. It offers leveled premiums up to 30 years and a convertible option after one year until age 65 for qualifying clients,” said Candice Burroughs, AAA life insurance agent. “You can incorporate a child life insurance policy by adding a child rider, or a return of premium rider, who will receive all the paid-up premiums when the policy expires.” 

Once the initial term period is complete, you have the option to extend at a higher premium. AAA offers low-premium term life insurance with a death benefit up to $5 million. 

AAA Permanent Life Insurance

AAA permanent life insurance offers lifelong coverage. The policy builds cash value over time, and premiums don’t increase once they’re locked in. Usually, permanent life is more expensive than term life insurance. 

“Permanent life insurance lasts a person’s entire life, not just a set number of years,” said Jeffrey Bechtold, AAA internal life insurance agent. “As long as you keep up with premiums, it guarantees a tax-free check to your beneficiaries whenever you pass away. It also builds a cash value ‘savings bucket’ you can borrow from or withdraw from when you’re alive. It’s generally best for people who want permanent protection, have long-term dependents or want to leave a guaranteed legacy behind.”

Learn more about term vs. permanent life insurance.

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Universal Life Insurance

AAA universal life insurance offers more premium flexibility and the ability to build up cash value over time. Policyholders can use this cash value against their premiums, to pay their mortgage or to contribute to their retirement funds. 

LifeTime Universal vs. Accumulator Universal

AAA offers two universal life insurance products: LifeTime Universal Life and Accumulator Universal Life. Both types build up cash value, offer a death benefit starting at $100,000 and can be purchased through an agent. 

An Accumulator policy builds more cash value than a LifeTime policy. Another key difference is the premium structure: LifeTime Universal guarantees a set premium rate that won’t change, even if interest rates do. Accumulated Universal offers customizable premiums and coverage that can be altered as your needs change. 

Other AAA Life Insurance Product Questions

Do you have to be AAA member to get AAA life insurance?

Yes and no. You must be a member to apply for AAA guaranteed issue life insurance.

“For all other policies, you do not have to be a member to apply.” Burroughs said. “If you are a AAA member, you will get an additional 10 percent off of the premium for your term insurance policy.”

Does AAA term life insurance require a medical exam?

A paramedical exam may be a requirement to qualify for a AAA term life insurance policy.

Get a AAA Life Insurance Quote

Choosing the right life insurance policy to fit your needs is a big decision, but AAA insurance agents are here to help. Our team is fully committed to helping you find the right policy to work for your life and provide the protection you need. 

Kate Romain

Kate Romain is a freelance content writer specializing in insurance and Fintech. She blends industry knowledge with thorough research and clear communication, helping her readers to make informed choices. When she’s not writing, she loves knitting, life drawing and trying out new recipes.