AAA Life Insurance Company Review

Click Here To Compare Rates!

AAA Life Insurance Policies

The coverage options offered by AAA Life Insurance include an excellent

variety of term, whole, and universal life insurance policies, as well as accident insurance and annuities.

There are also several choices within each product category, and a range of insurance types from “fast” to “comprehensive,” depending on your needs. Plus, the usual requirement for a pre-coverage medical examination can be handled with an in-home visit.

Term Life Insurance Coverage

AAA offers two term life products, ExpressTerm and Traditional Term Life. WIth the first one, you can apply online in less than 10 minutes; the second one requires a personal consultation with a AAA insurance agent, who can advise you on the different policy features.

Both of these products are available for 10, 15, 20, 25, or 30-year terms, but the traditional term life provides a greater amount of coverage, from $100,000 to over $5,000,000.

Whole Life Insurance Coverage

Simple Whole Life and

Guaranteed Issue Whole Life are the two choices in this category.

For Simple Whole Life, you need to apply through an agent; the benefits range from $5,000 to $25,000; the price never changes once it is locked in; there is no requirement for a medical exam, and the application involves just a few simple questions.

A Guaranteed Issue Whole Life policy can be arranged over the phone, online, or by mail, and you don’t need to qualify based on health. The benefit ranges, price lock, and no exam features are the same as with Simple Whole Life.

Universal Life Insurance Coverage

There are two products in this category, LifeTime and Accumulator Universal Life. Similarities include the requirement to apply through an agent, benefits starting at $25,000, and the ability to accumulate cash value.

Accumulator policies offer a higher amount that can be accumulated for cash value, customizable premiums, and flexible coverage that can be adjusted as your needs change. LifeTime, on the other hand, offers guaranteed premiums that do not change even if interest rates go up or down.

Accident Insurance

This can be purchased from AAA by phone or mail. The benefits increase with the number of years you maintain the policy, and there are cash benefits for emergency room visits, hospital stays, recuperation, or loss of life.

There are no health questions or medical exams required, and you’re guaranteed acceptance if you are an AAA member.


AAA annuities give you a way to save up money for a steady stream of retirement income that can last a lifetime. The three plans include EliteGuarantee Deferred Annuity, Platinum Bonus Annuity, and Guaranteed Income Annuity.

The first two are tax-deferred plans, offer guaranteed interest rates, and can be started with as little as $3,000. The third one requires a single premium contribution, and you decide when you’d like to begin receiving payments. For all three of these products, you need to meet with an AAA agent.

AAA Life Insurance Riders

If you feel that a life insurance policy you’re considering purchasing is adequate, but you’d like to customize it further by including certain additional features, you’ll want to talk to your agent

about riders.

These are special provisions that deliver increased benefits for an additional cost. For example, here are some of the riders that AAA offers. The particular options described below may not be available with or applicable to all policies.

Child Term Insurance Rider

This adds $5,000 to $20,000 coverage for each eligible child (depending on the specific insurance product).

Disability Waiver of Monthly Deductions

If you were to become disabled, this rider would pay for your life insurance monthly deductions.

Disability Waiver of Premiums

This provision would allow you to stop paying premiums (without losing your policy) if you were to become disabled.

Accidental Death

If you die in an accident covered by the policy, this provides an additional payment of up to $150,000 to your beneficiary.

Guaranteed Purchase Option

If you need it, this gives you the ability to increase your coverage at some time in the future, without having to prove your insurability.

Accidental Death

Should you pass away from a covered accidental death (such as an accident at work or a traffic fatality), this would provide an additional payment of up to $25,000 to your beneficiary.

Travel Accident

If you die or are seriously injured in a covered travel accident while driving or riding as a passenger, this provides an additional benefit to your beneficiary.

AAA Life Insurance Discounts

While you don’t need to be a member to purchase AAA life insurance products, AAA members do receive a discount rate on certain policies.

AAA Membership Discount

AAA members can receive an annual discount of $60 or more on life insurance products like ExpressTerm or guaranteed issue whole life insurance.

Bundled Policies Discount

If you were to purchase another policy from AAA, such as

home insurance, you would be eligible for a multi-policy discount that gives you up to 25% off home insurance if you bundle it with life insurance and auto insurance, for example.

AAA Life Insurance Financial Strength

Generally, knowing the financial strength of an insurer like AAA helps assure you the company will be able to meet its financial obligations, such as paying claims. Here’s a quick summary of AAA’s financial facts and figures:

  • Underwriter: AAA Life Insurance Company
  • Market Share: 0.32%*
  • Premiums Written: $407,614,304*
  • Standard & Poor’s Financial Rating: n/a
  • Moody’s Financial Rating: n/a
  • AM Best Financial Rating: A- (Excellent)


Note: There are several independent organizations, such as AM Best, that

evaluate insurance companies for financial strength. Each has its own standards and ways of rating companies, so an A+ from one firm may not be the same for another.

In addition to the numbers cited above, AAA is rated 7.0 on a scale of 10 for company stability, 9.0/10 for reputation, and 9.0/10 for its policies and coverage.

So you can feel pretty confident that AAA Life Insurance is a dependable, financially stable company to deal with, both in the present as well as the future, when you might need them to settle on a policy claim.

AAA Life Insurance Reviews and Customer Service

AAA Life Insurance Company has a stronger commitment to customer satisfaction than many similar organizations. It maintains a Better Business Bureau rating of A+ and has a lower than average complaint volume with the bureau.

Plus, it takes the time to respond to all complaints per BBB guidelines. AAA has received mostly favorable comments on independent consumer review websites and has received only six complaints from the National Association of Insurance Commissioners in 2019.

AAA Phone Number & Contact Information

  • Homepage URL:
  • Company Phone: (800) 684-4222
  • Headquarters Address: 17900 N Laurel Park Dr, Livonia MI 48152

*While we make every effort to keep our site updated, please be aware that “timely” information on this page, such as quote estimates, or pertinent details about companies, may only be accurate as of its last edit day. Huntley Wealth & Insurance Services and its representatives do not give legal or tax advice. Please consult your own legal or tax adviser.