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1.5/5
Overall Score

Choice Mutual’s ratings are determined by a review formula that weights the following four factors to determine a score between 0 and 5:

Factor Score Value
Price of Coverage
40%
No-Waiting-Period CoverageNo Waiting Period
20%
Financial Strength
20%
NAIC Complaint Index
20%
Overall Maximum
100%

Our ratings are tested with scoring model 1.1, a review formula that ensures consistency and accuracy in our assessments.

Rating methodology
Score Breakdown
Price of Coverage
Price of Coverage
40% of overall score

Using this quote calculator, we compare the price of the insurer’s coverage to competitors with equivalent products. The score they receive is based on how close their price is to those three least expensive providers:

  • 5
    0-5% more expensive
  • 4
    6-10% more expensive
  • 3
    11-20% more expensive
  • 2
    21-30% more expensive
  • 1
    ≥ 40% more expensive
Price audit
2.0
No-Waiting-Period CoverageNo Waiting Period
No-Waiting-Period Coverage
20% of overall score

This scoring factor assesses whether an insurer offers coverage with no waiting period and, if so, how difficult it is to qualify for it. If an insurer does not provide coverage with no waiting period, it gets an automatic 1. A score from 2 to 5 indicates that immediate coverage is possible, and the higher the rating, the easier it is for the average applicant to qualify for it.

  • 5
    Most applicants qualify
  • 4
    Fairly easy qualification
  • 3
    Somewhat difficult qualification
  • 2
    Very difficult qualification
  • 1
    No-waiting-period coverage unavailableNo-waiting-period unavailable
1.0
Financial Strength
Financial Strength
20% of overall score

Our financial strength scores are based on A.M. Best’s Financial Strength Ratings (FSR), which measure an insurer’s financial strength and ability to meet its ongoing insurance policy and contract obligations. The scores they receive are based on the following scale:

  • 5
    Superior (A+ or A++)
  • 4
    Excellent (A- to A)
  • 3
    Fair/Good (B- to B++)
  • 2
    Weak/Marginal (C- to C++)
  • 1
    Poor (D or Not Rated)
4.0
NAIC Complaint IndexNAIC Complaints
NAIC Complaint Index
20% of overall score

The NAIC (National Association of Insurance Commissioners) complaint index measures how frequently an insurer obtains consumer complaints relative to a median score across all insurers. Our scoring model is based on an insurer’s NAIC complaint index for the most recently available year and for ‘Individual Life’ products:

  • 5
    0.0 - 1.0 (avg or below avg complaints)
  • 4
    1.01 - 1.5 (slightly above avg complaints)
  • 3
    1.51 - 2.0 (up to 2x avg complaints)
  • 2
    2.01 - 3.0 (up to 3x avg complaints)
  • 1
    ≥ 3.01 (more than 3x avg complaints)
2.0
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Pros

  • You cannot be denied due to your health history.
  • It’s often the lowest-priced guaranteed issue coverage compared to other insurance companies.
  • Double death benefit payout for accidental death.

Cons

  • Everyone has a 24-month waiting period.
  • There are no final expense insurance options for young adults under 45
  • Unless you have dire health issues, you can likely get a no-waiting period burial insurance plan elsewhere.

A.M. Best
A
Excellent
Moody's
NR
Not Rated
S&P Global
NR
Not Rated

AM Best’s Financial Strength Rating (FSR) is an independent opinion of an insurer’s financial strength and ability to meet its ongoing insurance policy and contract obligations. The scores range from A++ to D-.

Moody’s Investors Service rates the creditworthiness of companies. The Moody’s Rating Scale has 21 possible scores ranging from “Aaa” (highest mark) down to “C” (lowest mark).

S&P Global Inc. issues credit ratings on a scale from “AAA” (highest rating) to “D” (lowest rating).

Customer Review Ratings
BBB
1.11/5
45 reviews
Trustpilot
4.7/5
1027 reviews
Google
3.9/5
241 reviews
Yelp
1.0/5
15 reviews
Consumer Protection Organization Scores
NAIC Complaint Index
2.67
BBB Score & Accreditation
A+
Accredited

The Complaint Index compares a company’s performance to other companies in the market. The National Complaint Index is always 1.00. That means a company with a complaint index of 2.00 is twice as high as expected in the market. Reported scores are for the most recently available year and for “Individual Life” products.

The BBB rating is based on information BBB is able to obtain about the business, including complaints received from the public. BBB seeks and uses information directly from businesses and from public data sources. BBB assigns ratings from A+ (highest) to F (lowest). If a business has been accredited by the BBB, it means BBB has determined that the business meets accreditation standards, which include a commitment to make a good faith effort to resolve any consumer complaints.

Ratings and scores valid as of 10/30/2024.
    Policy Type
    Whole Life
    New Applicant Age Range
    45-85
    Death Benefit Options
    $3,000-$25,000
    States Where Available
    All except NY
    Builds Cash Value
    Yes
    Has Health Questions
    No
    2-Year Waiting Period
    Yes
    Medical Exam Required
    No
    Age When Policy Expires
    Never
    Prices Increase
    Never
    Where to Apply
    Directly with AAA
    Phone Number to Apply
    888-523-1863
    Medical Exam Required
    No
    Guaranteed Acceptance
    Yes
    Application Approval Time
    Instantly

     

    How Does AAA Final Expense Insurance Work?

    AAA final expense insurance is a guaranteed issue whole life insurance policy. There are no health questions, and no medical exam is required.

    Per the product fact sheet on the AAA website, for the first 24 months, AAA will only refund you 130% of your premiums for non-accidental death. Like USAA burial insurance, you must live for at least two years for a AAA burial insurance plan to pay the full death benefit.

    When you die, AAA will pay your beneficiaries cash (tax-free), which they can spend on anything, including funeral costs, medical or financial debts, or anything else.

    The premiums never increase, the coverage won’t decrease, and it’s permanent life insurance, meaning it lasts forever.

    You can apply for their coverage via mail, online, or by calling them. Also, you will save about $60 per year if you’re an existing AAA member.

     

    How Much Does AAA Burial Insurance Cost?

    AAA burial insurance can cost as low as $27 or as high as $381 monthly, depending on your age, gender, and how much coverage you choose. Below is a rate chart with some sample prices.

    Age & Gender$5,000$10,000$25,000
    Female age 45$27$46$93
    Male age 45$34$58$127
    Female age 50$27$46$93
    Male age 50$34$58$127
    Female age 55$27$46$93
    Male age 55$34$58$127
    Female age 60$27$48$107
    Male age 60$34$62$139
    Female age 65$31$55$128
    Male age 65$40$73$168
    Female age 70$41$76$174
    Male age 70$52$97$217
    Female age 75$54$102$228
    Male age 75$60$115$280
    Female age 80$74$118$274
    Male age 80$85$164$381
    Female age 85$74$118$274
    Male age 85$85$164$381
    Source for monthly prices: Choice Mutual quote calculator. Rates are calculated at a non-tobacco rating, rounded to the nearest dollar, and are valid as of 08/01/2024.

     

    Should You Buy AAA’s Final Expense Insurance?

    AAA is a superior option if you need or prefer a policy requiring no exam or health questions. From a cost perspective, they are typically the cheapest for a guaranteed acceptance plan.

    However, most seniors can obtain a policy with no waiting period from other companies that do ask questions about health. It’s important to remember that most pre-existing conditions are eligible for an immediate death benefit policy.

    It’s advisable to consult with an independent agency so they can compare multiple providers to find you one that will accept your health conditions.

    Anthony Martin
    Anthony Martin
    Choice Mutual CEO
    • Author
    • Nationally licensed life insurance agent with over 15 years of experience
    • Personal annual production that puts him in the top .001% out of all life insurance agents in the nation.

    Anthony Martin is a nationally licensed insurance expert with over 15 years of experience and has personally served over 10,000 clients with their life insurance needs. He frequently authors entrepreneurial and life insurance content for Forbes, Inc.com, Newsweek, Kiplinger, and Entreprenuer.com. Anthony has been consulted as an expert life insurance source for dozens of high-profile websites such as Forbes, Bankrate, Reuters, Fox Business, CNBC, Investopedia, Insurance.com, Yahoo Finance, and many more.

    Jeff Root
    Jeff Root
    Life Insurance Expert
    • Editor
    • Nationally licensed life insurance agent with over 19 years of experience
    • Best selling Amazon author.

    Jeff Root is a nationally licensed life insurance expert with over 19 years of experience. He has personally helped over 3000 clients with their life insurance needs. Jeff is a best-selling Amazon author and the managing partner of a highly successful insurance brokerage that manages over 2,500 licensed insurance agents across the USA. He has been a featured life insurance source for prestigious websites such as Forbes, Bloomberg, MarketWatch, Nerdwallet, and many more.

    David Duford
    David Duford
    Life Insurance Expert
    • Editor
    • Nationally licensed life insurance agent with over 14 years of experience
    • Best selling Amazon author of five insurance sales books.

    David Duford is a nationally licensed insurance expert with over 14 years of experience. He has personally helped more than 15,000 clients buy life insurance. David has been featured as an expert source for highly authoritative publications such as A.M. Best and Insurancenewsnet. He also runs one of the largest Youtube channels to help aspiring insurance agents serve their clients better.

    Jeff Root
    Jeff Root
    Life Insurance Expert
    • Editor
    • Nationally licensed life insurance agent with over 19 years of experience
    • Best selling Amazon author.

    Jeff Root is a nationally licensed life insurance expert with over 19 years of experience. He has personally helped over 3000 clients with their life insurance needs. Jeff is a best-selling Amazon author and the managing partner of a highly successful insurance brokerage that manages over 2,500 licensed insurance agents across the USA. He has been a featured life insurance source for prestigious websites such as Forbes, Bloomberg, MarketWatch, Nerdwallet, and many more.

    David Duford
    David Duford
    Life Insurance Expert
    • Editor
    • Nationally licensed life insurance agent with over 14 years of experience
    • Best selling Amazon author of five insurance sales books.

    David Duford is a nationally licensed insurance expert with over 14 years of experience. He has personally helped more than 15,000 clients buy life insurance. David has been featured as an expert source for highly authoritative publications such as A.M. Best and Insurancenewsnet. He also runs one of the largest Youtube channels to help aspiring insurance agents serve their clients better.

    Choice Mutual often cites third-party websites to provide context and verification for specific claims made in our work. We only link to authoritative websites that provide accurate information. You can learn more about our editorial standards, which guide our mission of delivering factual and impartial content.

    1. product fact sheet. https://www.aaalife.com/binaries/content/assets/fact-sheet/information-sheet_giwl_23821_082522.pdf
    2. AAA website. https://www.aaalife.com/whole-life-insurance/guaranteed-issue-whole-life
    3. roadside service. https://roadside.aaa.com/
    4. in 1969. https://www.aaalife.com/about-us
    5. A.M. Best. https://ratings.ambest.com/CompanyProfile.aspx?BL=0&ambnum=7424&AltNum=21727424&AltSrc=3
    6. BBB. https://www.bbb.org/us/mi/livonia/profile/life-insurance/aaa-life-insurance-company-0332-32019419
    7. Trustpilot. https://www.trustpilot.com/review/aaalife.com
    8. Google. https://www.google.com/search?client=firefox-b-1-d&q=aaa+life+Michigan#lrd=0x8824b27041bac465:0x353ccf886df6c7a5,1,,,,
    9. Yelp. https://www.yelp.com/biz/aaa-life-insurance-livonia
    10. Facebook. https://www.facebook.com/AAALifeInsuranceCompany/reviews_given
    11. NAIC Complaint Index. https://content.naic.org/cis_refined_results.htm?TABLEAU=CIS_COMPLAINTS&COCODE=71854&REALM=PROD&COCODE=71854&REALM=PROD
    12. BBB Score & Accreditation. https://www.bbb.org/us/mi/livonia/profile/life-insurance/aaa-life-insurance-company-0332-32019419