AAA life insurance review 2021
High-coverage universal and term policies or guaranteed whole life, no membership needed
finder.com's rating: 4 / 5
Bottom line: AAA offers high term life coverage amounts with the option to convert to permanent life, but you’ll have to take a medical exam.
18 to 85
$5,000 to $5,000,000+
Depends on policy
Medical Exam Required
|Policies||Term, Whole, Universal, Accident|
|Term lengths||10, 15, 20, 25, or 30 years|
|Medical exam required||Depends on policy|
|Available states||Not available in New York|
|Issue age||Not listed|
- Over $5 million in coverage available for universal and term life
- Non-permanent policies can convert to whole life before age 65 or the policy’s end date
- Get coverage online in as little as 10 minutes with ExpressTerm policies
- AAA membership not required
- Helpful website that's easy to navigate
- You can’t apply online with most plans
- Medical exam and health questionnaire required for most plans
- Guaranteed issue plans don't get the full benefit for two years and can't get living benefits if you’re diagnosed with a terminal illness
Accelerated death benefit rider
Accidental death benefit rider
Guaranteed insurability rider
Rhys Subitch is a writer and editor at Finder who tackles topics across the site. With half a decade of experience researching, editing and writing for a Fortune 500 company, university and several independent publications, Rhys brings readers the most up-to-date and curated info on all things finance.
With seven different life insurance policies and riders to customize your coverage, AAA Life Insurance lets you build plans that fit your lifestyle and budget.
You can bypass the medical exam with AAA’s guaranteed issue whole life plan, but you’ll get a low amount of coverage.
However, you can find higher coverage levels for whole life insurance than AAA offers. But if you’re in the market for a term or universal policy, you might want a quote from AAA.
AAA life insurance rates
We pulled sample quotes for AAA for a 20-year term, $150,000 policy for a healthy man and woman.
What affects my rate with AAA?
Your premium gets determined by factors like your age, health and lifestyle along with your policy’s length and face amount. The least risky applicants get the best rates, based on several factors:
- Alcohol or drug abuse.
- DWIs or DUIs on your driving record.
- Family history of medical conditions.
- High blood pressure or BMI.
- High-risk hobbies or occupation.
- Tobacco or nicotine use.
How to get a quote from AAA life insurance
You can apply online in 6 simple steps. Or call AAA Life Insurance Company at (888) 422-7020.
- To apply for ExpressTerm Life, go to AAA Life Insurance’s term life insurance homepage. From there, click Get a Quote & Buy.
- Provide your ZIP code, gender, birthdate and email, then click Next.
- Next, enter your height, weight, nicotine use, coverage amount and length of term. Then click See Your Quote.
- You’ll be presented with a quote. If you’re happy with the terms of the policy, you can purchase the policy by clicking Buy Now.
- Follow the steps to complete your application, answering questions and providing information as prompted. Submit your application.
- You’ll get approved or declined in about two minutes. Some people need additional information or a medical exam, leading to a longer approval time.
- If approved, AAA Life Insurance will process your payment and your coverage begins immediately.
What types of life insurance coverage does AAA offer?
AAA Life Insurance offers a variety of term, whole and universal life insurance options to fit you and your family’s specific needs:
- Term life. AAA’s term policies provide protection for 10- to 30-year terms, and you can choose a policy valued between $25,000 to over $5 million.
- Universal life. This permanent policy offers lifelong protection and builds cash value, with options for guaranteed level premiums or the flexibility to change your death benefit. Coverage starts at $100,000.
- Whole life. This policy offers permanent protection at a fixed premium and builds cash value. Its coverage ranges from $30,000 to $75,000.
- Guaranteed issue whole life. If you’re worried about qualifying for standard whole life insurance, this policy offers up to $25,000 in coverage and lets you skip the medical questionnaire.
Check out the full details that each plan AAA offers:
|Plan||Coverage||Medical exam||Medical questions||Age range||Rate increase||Term length||Protection until||Time until coverage begins|
|Accumulator Universal||$100,000–$5 million+||Maybe||Yes||15 days to 80 years||Premiums can be adjusted as your needs change||Lifetime||Permanent||1-6 weeks with coverage while you wait, if you qualify|
|ExpressTerm||$25,000–$500,000||Maybe||Yes||18 to 75 years||Premiums increase yearly after term period ends||10, 15, 20, 25 or 30 years||Age 95||As little as 10 minutes|
|Guaranteed Issue||Up to $25,000||No||No||45 to 85 years||Premiums stay the same until age 100, then they’re not required||Lifetime||Permanent||As soon as payment processes|
|Lifetime Universal||$100,000–$5 million+||Maybe||Yes||15 days to 85 years||Premiums stay the same until age 100, then they’re not required||Lifetime||Permanent||1-6 weeks with coverage while you wait, if you qualify|
|Simple Whole||$5,000–$75,000||Maybe||Yes||18 to 85 years||Premiums stay the same until age 100, then they’re not required||Lifetime||Permanent||1-6 weeks with coverage while you wait, if you qualify|
|Traditional Term||$100,000–$5 million+||Maybe||Yes||18 to 75 years||Premiums increase yearly after term period ends||10, 15, 20, 25 or 30 years||Age 95||1-6 weeks with coverage while you wait, if you qualify|
|Traditional Term with Return of Premium||$100,000–$5 million+||Maybe||Yes||18 to 75 years||Premiums increase yearly after term period ends. All premiums are returned if you don’t need the death benefit||10, 15, 20, 25 or 30 years||Age 95||1-6 weeks with coverage while you wait, if you qualify|
What riders can I add to my life insurance policy?
With AAA Life Insurance, you can customize your policy with the following riders:
- Accelerated death benefit. This rider pays out a portion of your death benefit if you’re diagnosed with a terminal illness.
- Accidental death. An additional payout goes to your beneficiary if you’re in a fatal accident.
- Child. Provides life insurance coverage for your children without taking out separate policies.
- Guaranteed insurability. If you want your coverage increased later, you can do so without showing proof of your insurability.
- Return of premium. This expensive add-on lets you get your premiums refunded if you outlive your term. You can’t add other riders if you buy this one with a traditional term life policy.
- Travel accident. Your beneficiary gets an extra payment if you die or become seriously injured in an accident while traveling.
- Waiver of premium. If you become disabled, your life insurance premiums will be waived and your policy will remain active.
AAA reviews and complaints
With over 50 years in the life insurance industry, AAA has the likely ability to pay out claims. AAA Life Insurance holds an A+ rating by the Better Business Bureau (BBB) as of October 2020, based on how the business interacts with customers. About 20 customers have filed BBB complaints, many for billing or life insurance policy issues.
Other reviews around the web cite poor customer service with long hold times, delayed claims payments and incorrect amounts withdrawn from customers’ bank accounts.
However, others are happy with AAA’s life insurance products, highlighting the company’s fast quotes and fair rates.
Compare life insurance companies like AAA
Find out how AAA stacks up to other companies’ coverage and benefits. Tick the Compare box to see up to four companies side by side.
Frequently asked questions about AAA
Life insurance ratings
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
Our experts analyze life insurance companies to help you to find the strongest possible policy and premium for your family’s needs. We assess their financial strength, customer satisfaction, policy features and riders. We then give each insurer a score between one and five stars that reflects their offering and reputation in the industry. AAA gets four out of five stars for good customer interaction ratings and a low number of complaints.