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AAA Life Insurance

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LAST UPDATED: October 20th, 2022

While AAA may be better known for roadside assistance, it also offers several kinds of life insurance products. It offers two kinds of term life insurance policies and four kinds of permanent life insurance policies. This range of term and permanent policy offerings makes it easy for potential clients to find the insurance coverage they need.

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The Good

  • High Financial Strength Ratings
  • Term Policy Selection
  • Permanent Life Insurance Policy Options

High Financial Strength Ratings

AAA has earned high financial strength ratings from A.M. Best. Financial strength ratings are important to note when buying life insurance because they indicate a company's ability to make claims payments. Since life insurance is an investment, you need to be confident that your life insurance company will be able to pay the benefit when a claim is made.

High financial strength ratings are common among competitive insurers in the life insurance industry.

AAA's high financial strength rating shows that the insurer is financially stable and a good choice when purchasing life insurance coverage.

Term Policy Selection

AAA offers two choices for term life policy options:

  • ExpressTerm Life
  • Traditional Term Life

Life insurance shoppers can apply for an ExpressTerm Life policy online. In some cases, you may be able to get coverage immediately. You can purchase between $25,000 and $500,000 in coverage with term lengths of 10, 15, 20, or 30 years.

Traditional Term Life policies offer high levels of coverage starting at $100,000. The available term lengths are the same as the ExpressTerm Life policies, however, applicants can also purchase a 25-year term.

You cannot apply for this term insurance policy online, so you'll need to work with a life insurance agent. You can add a Return of Premium rider to this policy. With this rider, policyholders receive their premium payments back once the term is over and no claims were filed or paid.

Permanent Life Insurance Policy Options

AAA offers two kinds of permanent life insurance : whole and universal. Unlike term life insurance, whole and universal life insurance lasts the insured's lifetime as long as premiums are paid on schedule. Permanent life insurance also has the ability to accrue cash value that policyholders can access while still living.

Whole life insurance policies typically have stable premiums, set return rates for cash value growth, and fewer investment options. Universal life insurance policies have more flexible premiums, greater risk for cash value growth, and more flexibility when choosing how to invest your policy.

AAA's whole life policy options:

  • Whole Life
  • Guaranteed Issue Whole Life

With both of these policies, the premium rate is fixed once you buy the policy. The biggest differences between these two policies are how you apply, the underwriting process, and the amount of coverage you can purchase.

With the Whole Life policy, you work with an insurance agent to apply and go through an underwriting process. You can purchase a benefit from $5,000 to $75,000. You can add several riders to this insurance policy to add additional protection.

The available riders include a child term policy, disability waiver of premium, accidental death, and travel accident. The child term policy adds coverage for any eligible child up to $5,000 per child.

The disability waiver of premium means that if you become disabled, you can maintain your life insurance policy without continuing to pay premiums.

The accidental death rider adds an additional benefit if the insured dies in a covered accident. The travel accident provides an additional payout if the insured dies in covered travel accidents.

For the Guaranteed Issue Whole Life policy, you can apply in the way most convenient for you: through the mail, online, or over the phone. You also do not have to complete a medical exam or provide answers to health questions. You also can only purchase between $5,000 and $25,000 in life coverage. You may also find that the premium rates are higher because of the limited underwriting.

The Guaranteed Issue Whole Life policy also has a graded benefit feature. During the first two years, if the beneficiaries only receive the full death benefit if the insured's death occurs in an accident. Otherwise, the beneficiaries will receive the paid insurance premiums with an additional 30 percent added. Once the first two years are over, the full benefit will be paid regardless of cause of death.

AAA's universal life policy options:

  • LifeTime Universal Life
  • Accumulator Universal Life

These policies are very similar. The biggest differences are in the cash value the policy can accrue and the premium rates.

The LifeTime Universal Life policy has set premiums that are determined through underwriting. The sooner you buy the policy, the lower rate you'll qualify for. The policy includes an accelerated death benefit that allows you to access some of your benefit early if you have a terminal illness and less than a year to live. You can add a child term, disability waiver of premium, and accidental death riders to your policy. The child term allows for up to $20,000 of coverage per child. The accidental death waiver pays an additional benefit (up to $150,000) if the insured dies in a covered accident.

The Accumulator Universal Life policy offers customizable premiums and benefit amounts. This flexibility is nice, but keep in mind that the flexibility also creates fluctuation in the benefits. Like the LifeTime Universal Life policy, policyholders can add a child term and an accidental death rider. Policyholders may also add a waiver of monthly deductions and a guaranteed purchase option rider. The waiver of monthly deductions means that you don't have to pay your policy deductions if you become disabled. The guaranteed purchase option allows policyholders to increase their life insurance coverage under the same policy later without completing underwriting.


The Bad

  • Insufficient Customer Reviews
  • Limited Online Quotes

Insufficient Customer Reviews

AAA life insurance reviews are limited on Due to the low number of reviews, general conclusions on the customer experience and customer satisfaction are not available for the insurance provider.

Limited Online Quotes

More and more life insurance carriers are offering online life insurance quotes and applications. While most of these are for term policies, there are some that offer online quotes and applications for permanent life policies.

AAA only offers online quotes for its term life insurance policies and Guaranteed Issue Whole Life policy. Only one of its term policies allows you to complete the purchase online.

While it would be more convenient to see pricing for all of AAA's life insurance products online, monthly premiums are highly dependent on an individual's age, gender, health, and lifestyle. The coverage amount you purchase also affects the monthly premium. The level of variability in life insurance rates makes it difficult to provide these quotes conveniently.


The Bottom Line

It's worth considering AAA when buying life insurance because of its high financial strength ratings and policy selection. Good financial strength ratings indicate an insurance carrier's ability to make claims payments, which is particularly important for life insurance.

Whether you are looking for a whole, universal, final expense, or term life insurance policy, AAA has good life insurance product options.

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Sean Zernickow Monument, CO

AAA was wonderful from getting everything setup for additional life insurance for my wife, children and self. It was a seamless process with an easy application. They called me to confirm everything before finalizing the policies. Multiple options available with a number of values available to keep the cost affordable.

1 year ago


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Lisa Hochstetler Navasota, TX

AAA is a trusted company with good financial backing. Their Life Insurance is rated well and is reasonably priced if purchased when a person is younger. If a person is older, it can be rather pricey.

2 years ago


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Christopher Criollo Orlando, FL

Who would've thought that AAA would offer life insurance??!! This is such an excellent service that they offer to its customers . They have several options to choose from, but you have to pick what is best for you

3 years ago Edited September 14, 2021

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Charles F Hargett Rock Hill, SC

Subscribe to AAA Life due to my trust with AAA. However, I made a grave mistake allowing AAA Life to debit my checking account monthly. I cancelled my policy on line in August of 2021. In October of 2021 I had to place a "stop payment" order with my bank, because AAA Life continued to debit my account. I notice today,121/30/2021, after the cancellation and stop paymend t order, there is a payment pending to AAA LIfe. They are unethical and untrustworthily. AAA needs to drop them.

2 years ago

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rudy Palmdale, CA

its not life insurance with this company its a savings account for example lets say you and your wife been paying this policy for 5 years and your payments are like 100.00 a month for 300,000 policy. so one of you die you don't get 300.000 you only get what you put into the policy 5yrs +100.00 month =6000 yes you are better off looking for savings account that can earn you interest

5 years ago

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Ja-Quisha W Frazier Durham, NC

Father passed 8-9 months ago and the Funeral Home contacted me about not receiving any money from AAA Life Insurance. I had to get a loan from my bank to pay off Dad's funeral expenses. Then today they sent me a check (only received what was paid into the policy despite what it says in their contract). I wouldn't refer AAA Life Insurance to my cactus, if I had one!!! Terrible company! I suggest getting Life Insurance at your bank or at some other accredited agency!!

6 years ago

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Cliff Bassett Whitestown, IN

July 2016: AAA Life Insurance Company has been unresponsive and continued auto-deduct on a checking account after being notified with all documentation that the policy holder had passed away in April, 2016. I was forced to put a block on the auto-deduct of premiums. I sent a letter May 12, 2016 with all documentation showing Helen (policy holder) was deceased but have continued to have monthly premiums deducted from her checking account for April, May, June and now July, 2016. I sent follow-up letters to AAA June 23 and July 18, 2016. Very difficult company to deal with.

7 years ago


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Alice Boone , WI

I love them simple because they have great prices on life insurance term is the best!

3 years ago


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Aziz Benamar Houston, TX

AAA life provides great and flexible life insurance. The annual cost is not competitive

3 years ago


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joice jane sakul Colton, CA

Great rate offer for the life insurance. I still have my life insurance under this company.

3 years ago