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