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What Kind is Right for Me?



AAA Life Insurance Company offers two types of life insurance - Term and Permanent.

Term life insurance is often purchased to help cover financial responsibilities during a specified period of time. While permanent life insurance, such as Whole Life or Universal Life, provides a lifetime of coverage and accumulates cash value that you can borrow against to help pay for college, retirement and more.

When deciding on the right kind of life insurance to buy, you might not automatically equate that decision with considering whether to rent an apartment or own a home. However, the concept of “renting” versus “owning” helps describe the difference between purchasing term (renting) or permanent (owning) life insurance. Both make sense for different reasons. You may also find that a combination of term and permanent is the best solution for you.

Take a look at some of the considerations below for term and permanent life insurance:

  • Initial cost of life insurance
  • Payment flexibility
  • Coverage period – temporary or permanent
  • Ability to adjust to economic or personal financial changes
  • Desire to accumulate cash

Choose from our selection of term or permanent life insurance products.

Term Life Insurance

Term life insurance provides you with temporary protection to cover a specified period of time. It is generally the least expensive type of life insurance you can purchase to help protect your loved ones.

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Whole Life Insurance

Whole Life is the perfect solution if you're looking for permanent coverage with fixed premiums. Plus the premium you pay for your coverage will remain level—which means it’s guaranteed to never increase.

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Universal Life Insurance

Universal Life is designed to build a cash accumulation value. It offers flexibility in two important ways: the death benefit and the premium payments. Both can be modified to fit your specific objectives.

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Now that you have the basics of why you need life insurance, how much you need, and what types of life insurance that AAA Life has to offer, you are ready to take the next step. The best way to decide on your life insurance solution is to discuss it with a qualified Life Insurance Specialist.

If you’re ready to talk to someone about your life insurance needs, just give us a call at