Universal Life Insurance

Keep Up With Life's Changes

Marriage. A new home. Kids. College. Retirement. Life is filled with changes, and a Universal Life insurance policy through AAA Life Insurance Company offers you the flexibility you'll need to help care for your family . . . today and tomorrow. We can work with you to design a life insurance policy that can be revised and adapted to help fit your financial goals, your budget, and the level of coverage your family needs at any given time.

Accumulate Cash Now, Pay Taxes Later

Universal Life Insurance allows you to accumulate a cash value. Under current tax law, the cash value earns interest at a competitive rate that is tax-deferred until withdrawn.† Even when the market is low, AAA Life Insurance Company guarantees a minimum interest rate.

Income Tax-Free Benefits

Your Universal Life Insurance policy provides a death benefit for your family as long as the policy remains in effect. Under current tax law, death benefits are typically paid to your named beneficiary income tax free1.

Adjustable Premium Payments

We understand that at times you have higher costs than normal. For example, sending a child off to college is a valuable but costly investment. A Universal Life policy through AAA Life Insurance Company can help you adjust to these changes, allowing you to reduce or suspend your premiums during that time period. There are a variety of premium payment options available to you, which you may change at any time, provided certain minimums are met.

Accessible Funds

When you have a Universal Life policy through AAA Life Insurance Company, it's easy to access your available cash value. You can borrow against your cash value with a low-interest, tax-free loan1 (Under current tax law when the policy is not a Modified Endowment Contract (MEC))†, or take advantage of the partial surrender feature and make withdrawals without terminating your policy. A surrender charge will apply. While loans and withdrawals are available to help you in times of need, it is important to remember that loans and withdrawals will reduce the death benefit and impact the policy’s performance.

While loans and withdrawals are available to help you in times of need, it is important to remember that loans and withdrawals will reduce the death benefit and impact the policy’s performance.

Greater Savings for Healthy Lifestyles

You may qualify for special reduced rates on your Universal Life policy if you have a healthy, nicotine-free lifestyle.

Accelerated Benefits²

In the event of a terminal illness, defined as a life expectancy of twelve months (24 months in IL and WA) or less, the policy owner can apply to receive up to the lesser of 50% of the policy's death benefit or $500,0002 prior to the death of the insured person.

Annual Summary

Each year, on your policy anniversary, you'll receive a summary of all transactions detailing the performance of your Universal Life policy.

Protection You Can Count On

Universal Life insurance is coverage provided by someone you can truly count on. Life insurance is the cornerstone of a carefully monitored and diversified, high-caliber investment portfolio. It helps assure a solid financial future for you and your family.

So don't wait. Contact us today. Our trained life insurance specialists can further explain why Universal Life insurance may be perfect for you.

† AAA Life Insurance Company and its agents do not provide legal or tax advice. You may wish to consult independent legal, tax, or financial advice prior to the purchase of any policy.

1 Under current tax laws. Beneficiaries without an insurable interest in the insured’s life may be subject to income tax. This may occur in situations where the policy has been sold to an unrelated third party. The value of a life insurance policy or its death benefit may be included in the policy owners estate for estate tax purposes.

2 Not available in all states. Requires medical evidence. Benefits may be taxable. Benefits provided by the policy will be reduced by the amount of the accelerated death benefit paid. We will deduct a $75 processing fee. Interest is charged at 7% per annum in advance on the Accelerated Death Benefit paid. The Accelerated Death Benefit option is subject to minimum and maximum benefits that can be taken early. Any accrued and unpaid interest will be subtracted from the policy’s death benefit. Ask your AAA life insurance specialist for details concerning this benefit.

Policy form series: A80004, A80011, 31002, and 31502.

Policy approval subject to personal health history and specific underwriting guidelines.

This information is not a policy. All descriptions are intended solely to inform you about the many coverage features of Universal Life Insurance and may not contain all of the policy benefits, limitations, and exclusions. Policy approval is subject to personal health history and specific underwriting guidelines. The policy and its endorsements and riders determine exact coverage.

AAA Life Insurance Company is a company that carries a rating of A- (Excellent), the 4th highest ranking out of 16, by A.M. Best, the oldest and most recognized independent insurance rating organization. A.M. Best rating is current as of March 2008.