I would like to know if anyone here has any experience with AAA life insurance as I am currently shopping for life insurance. Is it worth it?
I am 37 years old, a nonsmoker, healthy, and in excellent shape. My wife and I have a one-year-old child.
The letters I receive from AAA are about Term Life Insurance, which I can acquire for about $36 a month, covering $300,000.
Any guidance or assistance is much valued.
Life insurance is not the same as home or auto insurance. The cornerstone of your financial strategy is life insurance. It’s time to stop making financial plans over the phone. Find a legitimate financial counselor who specializes in life insurance. They ought to be someone you can meet in person and who can advise you on the appropriate amount or type of life insurance.
The folks on the other end of the phone are trembling and shivering in the hopes that you would accept their 50% commission, regardless of whether or not the offer will truly keep your family safe.
Please continue using respectable, top-rated insurance providers. Do a fast search in your area and Northwestern Mutual and Mass Mutual are a few that immediately spring to mind. A policy has multiple uses. You must consider the firm supporting it as well as any ancillary advantages. Both convertibility and renewability are crucial.
Schedule a meeting with respectable advisors from top-tier firms. In the end, you’ll be considerably better off.
I concur as well. To put it plainly, AAA’s life insurance division only has excess surplus reserves of $500,000. Now, the three biggest mutually held life insurance companies—New York Life, Northwestern Mutual, and Mass Mutual—have excess surplus reserves totaling billions of dollars, ranked first by highest surplus. Do you really believe AAA will be able to pay out the million-dollar death benefit check as easily as the well-known corporations?