If you’re a member of an automobile organization or work for an automobile company, chances are that you already have an AAA life insurance policy! Even those who drive casually or occasionally need their car covered can benefit from having an auto policy.
Life Insurance Policy
A quick search on the internet or at your local library should yield some information on life insurance by AAA. Here is some more information if you would like to know a little more about this type of insurance.
Many life insurance carriers offer policies with an advantage to members of motor clubs, such as AAA. Some life insurance carriers offer universal life insurance programs that cover you as well as one or two of your family members.
In case you are wondering what an “all-risk” policy means, here is a simple explanation: when you sign up for any insurance program, whether it is an “all-risk” or a “fee-for-service” plan, you agree to pay a flat fee which covers the entire risk of the insured’s life under the policy Burial insurance. If there ever comes a point in which the insured dies during the policy, then the insurance company is required by law to pay out the entire death benefit.
If you live in states except for Arizona, you should consider getting term life insurance coverage. As the name implies, term life insurance coverage only provides death benefits during the period of the policy. You can extend term life insurance coverage for a period of say thirty or forty years if you so desire. Term life insurance premiums are not particularly costly, but they do require that you pay a significant upfront cost that may be higher than premiums on whole life insurance policies.
Nevertheless, term life insurance provides an excellent variety of advantages, including peace of mind that your family will have some financial help in times of adversity, greater flexibility regarding the death benefits, as well as the ability to protect your loved ones from financial catastrophe.