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AAA Life Insurance Review

Jan. 2, 2019
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AAA Life Insurance

  • You don't have to be a member to buy life insurance from AAA (but members get discounts on some policies).
  • Some term and whole life policies are available without a medical exam.
  • Large term life coverage amounts are available with a medical exam.


Amid the COVID-19 pandemic, not all companies are accepting new life insurance applications. For the latest information on how to cope with financial stress during this emergency, see NerdWallet’s financial guide to COVID-19.

AAA Life Insurance overview

AAA Life Insurance Co. was founded in 1969 by AAA, the federation of motor clubs best known for providing emergency roadside assistance and travel services. The company offers term, whole and universal life insurance. You don’t have to be an AAA member to buy life insurance from the company.


NerdWallet doesn’t score AAA for its life insurance company rankings because customer satisfaction ratings are not available. AAA isn’t included in the annual J.D. Power U.S. Life Insurance Study, which measures customer satisfaction.

» MORE: The best life insurance companies

Consumer complaints: Better than the median

AAA drew fewer than the median number of complaints to state regulators in 2017 for a company of its size, according to the latest data from the National Association of Insurance Commissioners.

The association assigns a complaint ratio score to insurance companies, based on the number of complaints to state insurance regulators, adjusted for market share. The median score is 1. A score less than 1 means fewer complaints. AAA’s score for individual life insurance in 2017 was 0.19.

AAA Life Insurance coverage options

Term life insurance: AAA’s traditional term life insurance requires a medical exam to qualify and offers coverage from $100,000 to more than $5 million. “ExpressTerm” requires answeritang health questions but no medical exam; coverage options range from $25,000 to $250,000. ExpressTerm policies can be purchased online. AAA members can get a discount of at least $60 a year on ExpressTerm.

Whole life insurance: Simplified issue and guaranteed issue whole life insurance policies provide coverage of $5,000 to $25,000. Neither requires a medical exam to qualify, although you must answer health questions to buy simplified whole life. Applicants ages 45 to 85 can qualify for the guaranteed issue product automatically, but if the insured dies during the first two years, AAA will not pay out the full policy amount, unless the death is accidental. AAA members and their spouses are eligible for a $60 annual discount on guaranteed issue whole life.

Universal life insurance: Coverage amounts start at $25,000. Two types of universal life policies are offered: LifeTime and Accumulator. Both are permanent policies that last your entire life and build cash value. The Accumulator policy features greater flexibility and greater potential for building cash value than the LifeTime policy. The LifeTime product is geared toward people who are well-prepared financially for retirement and whose main objective is to increase the inheritance they leave. The Accumulator product is geared toward people who may want to use the cash value later to supplement retirement or cover other expenses, such as their children’s college education.

» MORE: Compare life insurance quotes

More about AAA Life Insurance

Types of life insurance soldOther products and services
  • Term life.
  • Whole life.
  • Universal life.
  • Accident insurance.
  • Annuities.