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What are key features of AAA Life Guaranteed Issue Whole Life Policies?
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What are key features o...

What are key features of AAA Life Guaranteed Issue Whole Life Policies?

  • INSTANT APPROVAL: If you are between the ages of 65 and 85, you are guaranteed to be accepted for this coverage at the rates shown, regardless of your health, any pre-existing conditions, previous denial of coverage, or even risk factors. You do not need to be a AAA member.
  • Graded Death Benefit Feature: if you suffer a covered accidental death, your beneficiaries get the total amount of your coverage. However, if you suffer a covered non-accidental death within the first two years of coverage, your beneficiaries get 100% of the premiums you paid, plus 30%. After two years, the total benefit amount is paid for death due to any cause.
  • Travel Accident Endorsement: Your benefit will automatically double if death is caused by a covered accident.
  • GUARANTEED BUILDING OF CASH VALUE: This is a whole life insurance policy, which means it builds cash value automatically. When available, you can borrow against this cash value for unexpected emergencies or even use it to help pay future premiums on your behalf and reduce the possibility of an accidental lapse in protection; if you miss a payment while ill, for instance. (Annual loan interest applies. The death benefit will be reduced by any loans outstanding on the policy.)
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