AAA Life Insurance Company Launches New Term Life Insurance Series with Unique Extra Benefit

Online, August 29, 2011 (Newswire.com) - According to LIMRA, life ownership reached a 50-year low in 2010, with only 44 percent of U.S. households owning individual life insurance. To help AAA members and other U.S. consumers address their life insurance protection needs, AAA Life announced today the launch of its new Term Life insurance series.

AAA Life's new lower rates on 10, 15, 20, 25, and 30-year level premium Term Life insurance are among the most competitive in the industry. These new rates benefit both men and women.

AAA Life's new rates significantly strengthen the company's competitive position for customers between 20 to 60 years old who are interested in Term Life insurance. Insurable applicants with health conditions, as well as those in excellent health, will find AAA Life's rates to be extremely competitive. The new rates are available in all states except Massachusetts and New York.

"Our new Term Life insurance series offers AAA members the benefits of long-term protection with extremely competitive prices. In today's market, many consumers do their homework on the Internet and we are confident they'll like what they see at AAALife.com," states Jim Sharkey, Chief Marketing Officer.

In addition to industry-leading rates and features, AAA Life offers an added benefit unique in the industry. In addition to the policy's cash death benefit, a new feature provides the surviving spouse a lifetime basic membership with their AAA club.* This benefit comes with every Term Life insurance policy at no additional cost. (Benefit is not available in Florida.)

Along with the new Term Life series, AAA Life is introducing new Universal Life products for consumers who want permanent coverage. Similar to the Term Life series, the Universal Life insurance products are extremely competitive and come with the lifetime basic AAA membership benefit for the surviving spouse at no additional cost.

AAA Life Insurance products are available exclusively through AAA Life agents at many AAA branches and direct from the company by calling 1-888-384-6739.

To learn more about these life insurance products, or for tools to calculate how much life insurance you need and see how much it costs, visit www.AAALife.com.

*Spouse includes Registered Domestic Partner, Civil Union Partner, or party to a domestic partnership between two adults, as recognized by state law.

Policy Form Series ICC11-1201, TL-1201, ICC10-3601, UL-3601, ICC10-4601, UL-4601, ICC10-1201LMB, LF-1210LMB, LF-1210LMBND.