AAA Life Insurance Company

Disclosures

Disclosures

This is a summary of product provisions and does not contain all of the benefits and exclusions. For complete terms of the insurance coverage or annuity, please contact your agent or refer to the policy/contract.

To issue insurance coverage, we may collect personal information about you from you and other sources. This information may, in certain circumstances, be disclosed to third parties without your authorization as permitted or required by law. You have the right to access and correct your personal information that we have on file. Upon request, you may receive a detailed notice about AAA Life's information practices.

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Accident Insurance
Annuities
Term Life Insurance
Universal Life Insurance
Whole Life Insurance

Accident Insurance

Accidental Death Insurance
Policy Form Series: ADI2018 

THIS IS ACCIDENT-ONLY INSURANCE

This entire package is an outline of the coverage provisions. For complete details of coverage, please refer to the policy.

This policy will not pay benefits for Accidental Injury which results from suicide, attempted suicide, or intentional self-inflicted injury; or declared or undeclared acts of war; or Injuries received while the Insured is driving or operating any mode of transportation under the influence of alcohol or controlled substances as defined by state law. In South Dakota, injuries received in the commission of a felony are excluded.  

Member Loyalty® Accident Insurance
Policy Form Series AAA-MLT-01, AAA-MLT-02, AAA-MLT-GP05, AAA-MLT-06UT (In OR: AAA-MLT-01).

This is a summary of insurance provisions and does not contain all of the benefits and exclusions. For complete terms of the insurance coverage, please refer to the Certificate of Insurance or the Group Master Policy.

For costs and further details of coverage, any reductions or limitations and the terms under which the policy may be continued in effect, call or write to the company.

Member Loyalty® Accident Insurance Exclusion
Like most accident insurance policies, there are circumstances this insurance does not cover, such as:

Actual or attempted suicide while sane or insane
Intentionally self-inflicted injury while sane or insane (in CA, CO while sane)
Declared or undeclared acts of war*
Injuries while intoxicated* (limited application in MI* and not applicable in NV, SD, VT, WA)
Injuries while under the influence of any narcotic or drug unless used in accordance with physician’s instructions* (not applicable in NV, SD, WA)
Injuries from poison, gas or fumes, unless a direct result of an occupational or work-related accident (not applicable in NV, SD)
Injuries from active participation in a riot, insurrection, or terrorist activity*
Injuries during the commission of a criminal act* (felony in IL, LA, MI, NE, NV, SD, UT, VT)
Disease or infirmity of mind or body, or medical or surgical treatment for such disease or infirmity*
Certain infections that are not a direct result or consequence of the accidental bodily injury*; sickness, disease, or bodily or mental infirmity unless such are the proximate cause of the injury*
Operating, descending from, or riding in any aircraft except as a fare-paying passenger on a licensed aircraft*
Injuries from recreational or competitive sports, such as racing or stunts using a motorized vehicle or bicycle*
Rock or mountain climbing, parasailing, ballooning, soaring, ultralight, skydiving, parachuting, hang-gliding, bungee jumping, and aeronautics (not applicable in NC)
Certain injuries while the insured is incarcerated*
Injuries received while participating in any maneuvers or training exercises of the Armed Forces

In no event shall the term “Hospital” mean any hospital or institution or part of such hospital or institution which is licensed or used principally for the treatment or care of drug addicts or alcoholics or as a clinic, continued or extended care facility, skilled nursing facility, convalescent home, rehabilitation facility, psychiatric facility, rest home, nursing home, home for the aged, or any facility with an average length of stay of more than thirty (30) days.

*See Certificate for additional information or definitions applicable in your state.

Only one Accident Certificate per insured is permitted. Product and its features are not available in all states. Auto Club Loyalty Accident Insurance is offered to Auto Club members in Southern California.

Annuities  

AAA Life Insurance Company and its agents do not provide legal or tax advice. Therefore, you may wish to seek independent legal, tax, or financial advice prior to the purchase of a contract.

Annuities are not short-term products. During the surrender charge period, withdrawals exceeding 10% will be subject to a surrender charge that may be higher than fees associated with other types of financial products and may reduce principal. Withdrawals prior to 59½ may be subject to IRS penalties, separate from the annuity’s schedule of surrender charges.

EliteGuarantee Deferred Annuity
Contract Form Series: ICC11-4101/DA-4101 (In OR: ICC11-4101)  

Platinum Bonus Annuity
Contract Form Series: ICC11-4111/DA-4111 (In OR: ICC11-4111)  

Guaranteed Income Annuity
Contract Form Series: ICC14-4120/SPIA-4120 (In OR: ICC14-4120)  

The payout amount you will receive is based on your individual circumstances, the options you select at the time of application and your initial premium payment.

Term Life Insurance  

Premiums are guaranteed. They are level for the term period and increase annually thereafter. Any sample premiums are examples only and may vary based on your personal health history and underwriting guidelines. The answers provided to the health questions are used to determine eligibility for coverage. Not all applicants will qualify. Product and its features may not be available in all states. Coverage ends at age 95.

If insured is diagnosed with a terminal illness that will cause death in 12 mos. or less, up to 50% of the total benefit can be applied for, and used as insured chooses. The remaining benefit payable at death will be reduced by the Accelerated Death Benefit paid and any accrued and unpaid interest (8% annual interest rate applies). Receipt of Accelerated Death Benefits may affect eligibility for public assistance programs and may be taxable. Please consult the appropriate social service agency and seek the advice of tax counsel before applying for these funds. The Accelerated Death Benefit is not available if the terminal illness results from an intentionally self-inflicted injury. This benefit may not be available in all states.

ExpressTerm
Policy Form Series: ICC19-1601/1601 (In OR: 1CC19-1601)

Traditional Term
Policy Form Series: ICC19-1801/1801 (In OR: ICC19-1801)

Universal Life Insurance

Health history, underwriting guidelines and the answers provided to health questions are used to determine approval for coverage. Not all applicants will qualify. Rates may vary.

Lifetime Universal Life Insurance
Policy Form Series: ICC19-4701/4701 (In OR: ICC19-4701)

If insured is diagnosed with a terminal illness that will cause death in 12 mos. or less, up to 50% of the total benefit can be applied for, and used as insured chooses. The remaining benefit payable at death will be reduced by the Accelerated Death Benefit paid and any accrued and unpaid interest (7% annual interest rate applies). Receipt of Accelerated Death Benefits may affect eligibility for public assistance programs and may be taxable. Please consult the appropriate social service agency and seek the advice of tax counsel before applying for these funds. The Accelerated Death Benefit is not available if the terminal illness results from an intentionally self-inflicted injury. This benefit may not be available in all states.

Accumulator Universal Life Insurance
Policy Form Series: ICC19-3701/3701 (In OR: ICC19-3701)

If insured is diagnosed with a terminal illness that will cause death in 12 mos. or less, up to 50% of the total benefit can be applied for, and used as insured chooses. The remaining benefit payable at death will be reduced by the Accelerated Death Benefit paid and any accrued and unpaid interest (5% annual interest rate applies). Receipt of Accelerated Death Benefits may affect eligibility for public assistance programs and may be taxable. Please consult the appropriate social service agency and seek the advice of tax counsel before applying for these funds. The Accelerated Death Benefit is not available if the terminal illness results from an intentionally self-inflicted injury. This benefit may not be available in all states.

Whole Life Insurance

Whole Life Insurance (for coverage amounts of $30,000 or more)
Policy Form Series: ICC18-5601/5601 (In OR:  ICC18-5601)

Health history, underwriting guidelines and the answers provided to health questions are used to determine approval for coverage. Not all applicants will qualify. Rates may vary.

If insured is diagnosed with a terminal illness that will cause death in 12 mos. or less, up to 50% of the total benefit can be applied for, and used as insured chooses. The remaining benefit payable at death will be reduced by the Accelerated Death Benefit paid and any accrued and unpaid interest (8% annual interest rate applies). Receipt of Accelerated Death Benefits may affect eligibility for public assistance programs and may be taxable. Please consult the appropriate social service agency and seek the advice of tax counsel before applying for these funds. The Accelerated Death Benefit is not available if the terminal illness results from an intentionally self-inflicted injury. This benefit may not be available in all states.

Rapid Issue Whole Life Insurance (for coverage amounts of $25,000 or less)
Policy Form Series ICC20-7001/7001 (In OR: ICC20-7001)

Responses to the application will be used to determine approval for coverage. Not all applicants will qualify.

This Whole Life policy is referred to as graded benefit whole life insurance. If you suffer a non-accidental death within the first two years of coverage, your beneficiaries will get 100% of the base premiums you paid, plus 35%. After two years, the total amount of your coverage is paid for death due to any cause.

After the first two years of coverage, if insured is diagnosed with a terminal illness that will cause death in 12 mos. or less, up to 50% of the total benefit can be applied for, and used as insured chooses. The remaining benefit payable at death will be reduced by the Accelerated Death Benefit paid and any accrued and unpaid interest (8% annual interest rate applies). Receipt of Accelerated Death Benefits may affect eligibility for public assistance programs and may be taxable. Please consult the appropriate social service agency and seek the advice of tax counsel before applying for these funds. The Accelerated Death Benefit is not available if the terminal illness results from an intentionally self-inflicted injury. This benefit may not be available in all states.

Guaranteed Issue Whole Life Insurance
Policy Form Series: ICC16-6301/GWL6301 (In OR: ICC16-6301)

The maximum amount of Guaranteed Issue Whole Life insurance coverage per insured is $25,000.00. Subject to age requirements and policy limit restrictions.

This Guaranteed Issue Whole Life policy is referred to as graded benefit whole life insurance. If you suffer a non-accidental death within the first two years of coverage, your beneficiaries will get 100% of the level monthly premiums you paid, plus 30%. After two years, the total amount of your coverage is paid for death due to any cause.

If you are a California resident 65 years of age or older, we are required to advise you of the following. The sale or liquidation of any stock, bond, IRA, certificate of deposit, mutual fund, annuity, or other asset to fund the purchase of this product may have tax consequences, early withdrawal penalties, or other costs or penalties as a result of the sale or liquidation. You may wish to consult independent legal or financial advice before selling or liquidating any assets and prior to the purchase of any life or annuity products being solicited, offered for sale, or sold.