As we continue our list with the best life insurance carriers for the majority of, we would be silly in the event we didn’t discuss AAA (Triple A). If you’re considering a life insurance policy, read below to notice if AAA might be the ideal choice for you. This is our own AAA Life Insurance Company review and it is our own opinion.
Our AAA Life Insurance Company Review
An extension with the quite familiar American Auto Association (usually spoken such as “Triple A”) group, who help their customers nationwide when in a bind on your way, AAA Life came going to offer something more competitive from the life insurance industry, together with annuities for those preserving for, or in, old age.
Founded back in 1969, greater than 65 years after greater famous automobile arm, AAA Life Insurance Company began its home based business model extending life insurance plan products to consumers nationwide so that they can not only take good thing about its already well acknowledged brand and market write about, but also to create another layer of advantage and affordability to it is growing customer base.
Checking the Numbers
Today, AAA Life Insurance Company serves regarding green million loyal consumers, with products which range from life insurance, travel accidents and in many cases annuities. They have been rated by the. M. Best, one with the premiere insurance and lender credit rating agencies internationally, as an “A-” meaning they may be financially secure.
Having only held it’s place in the life insurance organization for 40 years, and in contrast of size and scope of its life insurance sector, AAA is not yet one of several elite insurers in the market industry. However, by taking good thing about the brand already developed and giving consumers what they desire where their property along with casualty agent can’t, is actually helping them grow.
In addition, services being brought to the market industry are also increasing AAA’s footprint from the insurance industry. They have several life insurance products available, some of which are very niche, filling voids living insurance companies of old have not filled.
Beginning with their term products, they have 2 separate kinds: traditional along with express. The traditional distinct products is what most life insurance companies have, a simple and straightforward life policy that is fully underwritten. This means you’ll need to complete a physical, have your medical history and motor vehicle record checked, and wait provided that several weeks to obtain insured.
The second solution, however, is a very innovative product, the ExpressTerm, which few other companies have yet to tackle AAA for. This policy offers a few of the same benefit periods because fully underwritten product, however with little to zero underwriting. It can be achieved entirely online from commence to finish, as long when you are accepted.
AAA Life now offers more permanent products, offering both a universal and whole life insurance option. These offer numerous benefits, like stable passing away benefits, stable or variable premiums, and even income growth. Among their whole life line, they even give you a guaranteed issue product, meaning you are unable to be turned down. It will, however, have a maximum coverage amount of no greater than $20,000.
While AAA Life Insurance carrier is yet to be one of several giants in the life insurance industry, it’s other products and portions with the AAA family continue for making the AAA brand a household name. They have offices positioned in all 50 states, along with, of course, their ExpressTerm product may be directly bought right on their website from the convenience of your property. They are not yet listed together of our top life insurance companies, but they will be in consideration as they grow.
|Company Name (and Subsidiaries)||AAA Life Insurance CompanyAAA Life Insurance Company of New York|
|Company Ratings||A.M. Best (A-)Fitch (n/a)Moody’s Investors Services (n/a)Standard & Poor’s (n/a)
|Headquarters (Address, Phone, Web)||17900 N. Laural Park Dr.Livonia, MI 48152-3985(800) 684-4222Web: www.aaalife.com|
|Policy Types Available||TermUniversalWhole|