Term    Universal Life       Whole Life        Annuities

Every day, people in every stage of life turn to us for products to help protect their loved ones and enrich their lives. And we're there with affordable products, such as term, whole and universal life insurance to protect those you love. Additionally, we can help you prepare for retirement with a variety of annuity products that can enhance your and your loved ones' lives now and into the future.


It's never too early or late to begin


 

Term Life Insurance

If you're looking for an economical way to provide valuable life insurance protection, term life may be your best option. Generally the least expensive type of life insurance available, term provides you with protection for a specified period of time and gives you the added peace of mind of knowing that your loved ones will not be financially burdened in your absence.

Term life insurance provides you with protection to cover a specified period of time. It generally provides the most coverage for the lowest cost. With Term Life insurance, you can have peace of mind knowing your loved ones are protected if something happens to you during the term period.  Term policies can often be converted to a permenant policy.

Term life is often a good choice for:                                                                            

• Newlyweds and families on a limited budget
• People looking to cover a mortgage or college education
• Employees who need more protection than what they get at work
• Business owners who need coverage to qualify for a loan

Universal Life Insurance

Universal life insurance is designed to help you take advantage of lifetime coverage with competitive rates while allowing you to build cash accumulation value.

Additionally, it offers flexibility in two important ways: the death benefit and premium payments.¹ Once you determine the amount of coverage you desire, we can modify the death benefit and premium payments to fit your specific objectives.

We offer two types of universal life insurance products to better meet your needs.

• Possess sufficient assets for expected and unexpected expenses
• Desire to leave a financial legacy for their heirs or favorite charitable organization
• Are preparing for retirement or are retired
• Have adequate income to live comfortably in retirement

Universal Life Insurance is specifically designed to help increase the value of an inheritance. When left as an inheritance, you are given full control of who receives the benefit. Unlike many financial vehicles used to accumulate wealth, this benefit can be passed on to loved ones or a favorite charity. Finally, the death benefit from a life insurance policy is generally not subject to income taxes.²

Customize Your Policy

Adding riders to your policy gives you the ability customize your LifeTime Universal Life Insurance policy to meet your needs.

Disability Waiver of Premium Rider: Ensures your premiums will be waived while you are disabled, as defined in the rider.

Children's Term Rider: Provides up to $20,000 of life insurance coverage per child.

Accidental Death Benefit Rider: Provides an accidental death benefit to your beneficiary if you lose your life due to injuries sustained in an accident.

Accumulator Universal Life Insurance

• Want to get permanent life insurance protection with flexibility
• Want to earn a competitive interest rate on their premiums
• Are looking for a responsible way to save for the future for loved ones
• Need funds to cover education expenses or supplement retirement benefits

Accumulator Universal Life Insurance offers permanent life insurance protection to meet your present needs, plus a cash value accumulation feature that can provide much-needed funds later in life.

Accumulator Universal Life Insurance coverage begins at $25,000. These policies offer a competitive interest rate on premiums and build cash value over time. Additionally, policyholders are able to decide the type of death benefit that will be paid to the beneficiary. In times of financial strain, flexible premiums allow you to temporarily suspend your premiums.⁵ Finally, early access to funds is also available if you should become terminally ill.⁴

Customize Your Policy

Adding riders to your policy gives you the ability customize your Accumulator Universal Life Insurance policy to meet your needs.

Waiver of Monthly Deductions Rider: Ensures your monthly deductions will be waived while you are disabled, as defined in the rider.

Children's Term Rider: Can provide up to $20,000 of life insurance coverage per child

Accidental Death Benefit Rider: Provides an accidental death benefit to your beneficiary if you lose your life due to injuries sustained in an accident.

Whole Life Insurance

For those seeking permanent lifelong coverage with fixed premiums — meaning the premiums you pay for your coverage are guaranteed to never increase¹ — AAA Life's Whole Life Insurance is the answer. Additionally, AAA Life's Whole Life Insurance is also a valuable asset that grows cash value over time, thus loans may be taken out on the value of the policy at a fixed rate.²

Simple Whole Life Insurance

• Help cover cost of final expenses, fund family obligations and pay other debts
• Fill in gaps left by other life insurance to supplement existing term life insurance or coverage at work
• Purchase coverage for your children or grandchildren
• Leave an inheritance to your loved ones or a charitable gift to an organization of your choice

Our Simple Whole Life Insurance is designed to offer you permanent life insurance protection without the inconvenience of taking a medical exam.³ Coverage is available from $5,000 to $25,000. Additionally, early access to funds is possible if you should become terminally ill.⁴

Customize Your Policy

Adding riders to your policy gives you the ability to customize your Simple Whole Life Insurance policy to meet your needs.

Disability Waiver of Premium Rider: Ensures your premiums will be waived while you are disabled, as defined in the policy.

Children's Term Rider: Can provide up to $15,000 of life insurance coverage per child.

Accidental Death Benefit Rider: Provides an accidental death benefit to your beneficiary if you lose your life due to injuries sustained in an accident.

Travel Accident Rider: Provides an additional amount of coverage if death is the result of a covered travel accident.

Annuities

An annuity allows you to plan retirement by earning interest on your money now and paying taxes later. Annuity products guarantee an income stream for you and your loved ones for years to come.

Deferred Annuities

With a deferred annuity, you can earn interest on your money now and pay taxes later.¹ Tax deferral helps an annuity grow at a faster rate than taxable interest accounts like money market funds and certificates of deposit because your money grows in three ways — your premium earns interest, your interest earns interest, and the money you would have paid in taxes remains in your account to earn interest. Current tax laws allow for the deferral of income taxes on an annuity's earnings until they are withdrawn.¹

A deferred annuity also allows you to ease the worries of a fickle stock market by ensuring your principal is safe with a guaranteed minimum rate of return and provides an income that you can never outlive. Additionally, although deferred annuities are designed to be long-term retirement accumulation vehicles, all deferred annuities offered through AAA Agents include a withdrawal provision. This means you can gain access to funds if needed. You may also transfer/rollover funds from a matured CD or lump sum distribution or establish or transfer an existing IRA or Roth IRA.²

Our AAA Agents offer several deferred annuity options, each with unique features.

EliteGuarantee Annuity

You should consider an EliteGuarantee Annuity if you want to make a single premium payment and lock in an interest rate for more than one year. The EliteGuarantee Annuity provides you with a 3-year guaranteed interest rate. Once the initial rate guarantee period expires, you have the option to renew for the same period of time.

Platinum Bonus Annuity

Our Platinum Bonus Annuity features a competitive fixed interest rate that's guaranteed for the first 12 contract months.³ Keep in mind that the first-year rate you'll earn is based on the amount of your initial premium and includes a first-year bonus rate. Flexibility of premium payments is another key feature. You can decide when you add to your annuity without having a fixed schedule to do so.

Immediate Annuities

• Are retired and need to cover fixed or regular expenses
• Want to provide an income they can never outlive, guaranteed
• Want to provide an income for themselves and their spouse for life⁴

AAA Life offers the Single Premium Immediate Annuity (SPIA). With this annuity, you decide the amount and time period during which you wish to receive income and we'll determine the single premium amount that will help see that your goal is met. Once your annuity contract is put in place, you are guaranteed a stream of income for life.

Payments received from an SPIA have been designed to return your premium in equal amounts over the income period you select.⁵ Minimum initial deposit is $5,000. Distributions are based on your age and the income option you choose. You may adjust both your income stream duration and premium until you arrive at just the right combination to meet your needs. Your premiums are returned in equal amounts over time⁵ and you may be eligible to receive a bonus when using an existing deferred annuity from AAA Life Insurance Company to purchase an SPIA.

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