Whole Life Insurance

AAA Life Insurance Company's Whole Life Insurance is life insurance coverage that you can easily tailor to fit your specific needs and budget. Whole life insurance provides benefits for the long term. It provides death benefits and builds cash value throughout the life of the policy. If your life insurance needs won't stop when you retire, then whole life may be the coverage you need. In many cases, the earlier you buy the lower the premiums.

Long-Term Coverage, Immediate Benefits

Whole life insurance provides benefits when it is needed most. It builds guaranteed cash value that may be used in a financial emergency. You can borrow against the accumulated cash value at a low annual percentage rate.1 This rate is usually below rates charged by banks and other lenders for short-term loans. You may also use the money to pay for a child's college education, to cover medical emergencies, to make home improvements, or make a down payment on a vacation home.

Your Needs on Your Terms

Whole life insurance is the kind of coverage that can be easily tailored to fit your specific needs and budget. Whether it's early in life, or later, you'll enjoy the many benefits of this coverage from AAA Life Insurance Company. Just a few of these benefits include:

  • Low policy face amounts
  • Guaranteed cash value
  • Issued through age 85
  • Competitive premium rates that remain level
  • Reduced premium rates for non-nicotine use
  • An optional rider to cover your children
  • Death benefits may be provided to your beneficiaries income tax-free, under current tax law.2
  • An Accelerated Death Benefit available for up to 50% or $500,000, whichever is less of the death benefit in the event of a terminal illness.3

Easy Payment Plans

To help you find a place for life insurance in your budget; we offer the following premium payment options:

  • Pay premiums via automatic deductions from your checking or savings account or charge them to your credit card.
  • AAA Life Insurance Company will bill you annually, semi-annually, or quarterly.

Safeguard Your Coverage

By adding the optional Disability Waiver of Premium Rider to your policy, your premiums will be waived if you become totally and permanently disabled, prior to age 60, for six consecutive months or more. Payments will be waived as long as your disability lasts. Full benefit detail and exclusions are stated in the rider.

So Much Depends on Making the Right Decision

Decisions as important as life insurance tend to be put off. We urge you to act now. Life insurance is the cornerstone of a carefully monitored and diversified, high-caliber portfolio. It helps ensure a solid financial future for you and your family. Contact a life specialist to receive more information. Contact us now.

A Whole Life policy from AAA Life Insurance Company offers you the peace of mind that your family may have the funds necessary to pay final expenses.

A few easy steps may reduce the financial and emotional burden caused by death. You may be surprised at how easy it is to get started. Contact your AAA Life Insurance professional today.

1 Any unpaid loans and loan interest will be deducted from the benefit payable upon death, maturity, or surrender of the policy.

2 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 owner’s estate for purposes of estate tax.

3 Accelerated death benefit may not be 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 8% per annum on the Accelerated Death Benefit paid. Any unpaid interest will be subtracted from the death benefit payable. Ask your AAA life insurance specialist for details concerning this benefit.

Policy Form Series WL80092.

Rates and policy approval are subject to specific underwriting guidelines and personal health history.

This information is not a policy. All descriptions are intended solely to inform you about the many coverage features of Whole Life Insurance and may not contain all of the policy benefits, limitations and exclusions. The policy, its endorsements and its 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.

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.