Course of Action
Common hurdles—and how to avoid them—on the path to life insurance success
Life insurance can be a valuable part of your family’s financial security. Getting coverage and ensuring that it continues to meet your needs may feel overwhelming. However, it doesn’t have to be. Avoiding these common life insurance hurdles can put you on the right path to life insurance success:
If you wait to get a life insurance policy, you could find yourself without coverage when you need it most. While it’s never too late to obtain life insurance, the healthier you are when you apply for coverage, the easier it is to qualify. And the younger you are, the lower your premiums may be.
Ensure you understand the details. There are different types of life insurance policies to choose from, so it is important that you understand the features of each one. Educate yourself by doing some research and talking to a AAA Life Insurance Specialist.
Not Having the Right Kind
Don’t assume you have the right kind or amount of life insurance to meet your needs through your lifetime. Also, life insurance offered by your employer may not be the only coverage you need. If you change or lose your job, for instance, you may not be able to keep your employer-provided life insurance. An individually owned life insurance policy, on the other hand, can offer more competitive premiums and coverage options that can be tailored to fit your exact life insurance needs.
Not Reviewing Annually
There may be a time after you’ve gotten your policy when you need to make adjustments. Rather than putting your life insurance policy out of sight and out of mind, keep it in a place that will allow you to easily access it for review. Your life insurance needs are likely to change throughout your lifetime, so it makes sense to review your coverage annually with a life insurance specialist.
For more details on AAA Life Insurance, call (800) 222-1469, visit AAA.com/insurance, or stop by your local AAA store.
Making the Grade: AAA Life Insurance Company has over 1 million policies in effect and an A.M. Best rating of A- (Excellent), the fourth highest ranking out of 16, as of July 2015. The rating reflects AAA Life Insurance Company’s financial strength and positive outlook for the future.
Life insurance underwritten by AAA Life Insurance Company, Livonia, MI. AAA Life (CA Certificate of Authority #07861) is licensed in all states except NY.