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premium term life insurance

premium for term life INSURANCE - 26 September 2013 - insurance

premium term life insurance

premium for term life INSURANCE

Learn how term life INSURANCE can protect your family.

Great rates 1 on $500.000 20-Year Term Life Insurance through AAA

%231 Pay a level premium

With Term Life Insurance. you pay a level premium to the INSURANCE company for the term of the policy. In the event you die during the term. your beneficiaries receive the death benefit. A premium is a specified amount of money an insurer charges in exchange for its agreement to pay a policy benefit when a specific loss occurs.

Term Life Insurance is typically a more economical way to provide death benefit protection than other forms of life INSURANCE. It can cover you for a specified number of years (the term) as long as the premiums are paid and the policy is kept in force. AAA Life Insurance Company offers Term Life Insurance for term periods of 10. 15. 20. 25. and 30 years. with premiums guaranteed to remain level for the term period. 2

Term Life Insurance is often suitable for people in these situations: Newlyweds and young families who are on limited budgets. wage earners that have employer-sponsored life INSURANCE but need additional protection. people who need life INSURANCE coverage for 30 years or less. or families whose lifestyles would be greatly disrupted by the loss of someone whom they've depended on for financial support. AAA Life offers Term Life Insurance coverage from $100.000 to $5.000.000 with coverage guaranteed renewable up to age 95. 2

2 Premiums will increase annually after the level term period. not to exceed the maximum stated in the policy.

%232 Cover time sensitive needs

Many financial planners suggest that people generally need life INSURANCE in the amount of six to 10 times their annual salary. Special circumstances may dictate if more or less coverage may help meet one's needs. There are a number of factors to consider when estimating how much life INSURANCE you may need. They include:

Final Expenses Final expenses usually include funeral expenses. unpaid debts. unpaid hospital bills. probate costs. and estate and inheritance taxes.

Emergency Fund Due to premature death. your family may need to make adjustments to their lifestyle. They may need to move. or the surviving spouse may need additional training to qualify for a higher paying job. The emergency fund may help cover the cost of making these necessary adjustments. It may also cover unanticipated expenses such as car repair. home maintenance. appliance replacement. etc.

Educational Funds The cost of your children's education. including elementary school. high school. and college. Life INSURANCE may help cover this expense.

Mortgage Providing the money necessary to pay off the mortgage or provide an income stream to pay the monthly mortgage or rent payments may be a consideration.

Payment of Debts Funds needed to payoff any debts including auto loans. credit cards. and other loans should be considered.

Income Replacement There may be a need for a continued income stream to help with the family's living expenses. such as mortgage payments. monthly bills. and daycare.

Retirement Fund The amount needed to help provide your family with anticipated retirement income in the event of your death is suggested to be five times your current annual income.

Non-Employed Spouses Non-employed spouses make a valuable contribution to the family's needs. Fulfilling these needs may require additional income.

%233 Relatively inexpensive

AAA Term Life Insurance is relatively inexpensive compared to permanent or whole life INSURANCE policies. It allows individuals to afford more coverage. which can be used to help protect families.

How much INSURANCE you'll need depends on a lot of things. Here are just a few examples:

The size of your family and ages of your family members
The standard of living you'll want your family to be able to maintain
Future expenses such as education. health. or mortgage costs
Final expenses likely incurred at the time of your death. including taxes. legal fees. and funeral costs

Call a licensed agent today to request a no-obligation quote. It's important to note that quotes are simply an estimate of what you will be paying to be covered by a particular policy. In the event that a medical exam is required. you will not know exactly what rate you'll pay until the medical exam is completed. verified. and your final paperwork approved. This final rate is known as an underwritten rate.

%234 Get a locked-in premium

Premiums will increase annually after the level term period. not to exceed the maximum stated in the policy.

%235 Add Return of Premium to a policy

Return of Premium (ROP) 3 is an optional feature you can add to a Term Life Insurance policy for an additional cost. If you live to the end of your term. all of the premiums youve paid are returned to you.

With the Return of Premium rider. you can enjoy 100 percent of the money you paid for your term life INSURANCE if you outlive your policy. So. you can add to your family financial security and provide additional peace of mind.

3 The Return of Premium rider is provided under the Intermediate Period Endowment Rider. Return of Premium benefit is not available with a 10-year term policy. Certain exclusions and limits apply. Policy and benefit must remain in force in order to be eligible to receive a return of premium. A portion of the ROP amount may be paid if the policy is terminated prior to the end of the initial term period. No return of premium for the first 2 years of the policy. Rates and policy approval are subject to specific underwriting guidelines. The amount of your actual premium returned to you will be in accordance with the terms of the ROP rider. Life INSURANCE underwritten by our affiliate AAA Life Insurance Company. Livonia. MI. AAA Life is licensed in all states except NY.

%236 Get added protection with ROP

Adding the ROP feature can help provide the confidence of protection now. and cash back later. If you outlive the term period of your policy. you will get 100 percent of your premium back.

Purchase a AAA Life term policy with the Return of Premium rider and pay your premiums when due. Then. keep the policy and at the end of the initial term period AAA Life will send you all of your premiums back. It's easier to live life at 100 percent when you know your family's future is protected with life INSURANCE that could pay every penny of your premium back to you.

%237 Receiving Term Life Insurance is easy

Everyone's life INSURANCE needs are different. In general. needs are greatest when starting a career and a family. Once retired. the need for life INSURANCE may be reduced. It is important to review your life INSURANCE needs at least every two years. You may already have life INSURANCE. but changes in your life may mean your needs have changed. Here are some of the reasons that should prompt you to recalculate your life INSURANCE needs:

A child has been born or adopted
You have recently married or divorced
Your spouse's health has deteriorated
A child requires assistance or long-term care
You have begun to provide care or financial assistance to a parent
You have recently purchased a new home
You are planning for your children's education
You or your spouse is concerned about retirement income
You or your spouse has received an inheritance
You or your spouse has been promoted recently
You have refinanced your home mortgage

1 $23 a month rate is the Super Preferred rate for a 35 year old female. Premiums are guaranteed for the term period. then increase annually thereafter. Premiums above are examples only and may vary based on your personal health history and underwriting guidelines. Certain exclusions apply. See policy for specific details of coverage. Policy and its features may not be available in all states. Premiums are guaranteed for the term period. then increase annually thereafter. Premiums above are examples only and may vary based on your personal health history and underwriting guidelines. Certain exclusions apply. See policy for specific details of coverage. Policy and its features may not be available in all states.

Product and its features may not be available in all states. Life INSURANCE underwritten by our affiliate AAA Life Insurance Company. Livonia. MI. AAA Missouri acts as the authorized agent for AAA Life. AAA Life is licensed in all states except NY. Policy Form Series ICC10-5501WL/5501WL.