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INSURANCE MATTERS
AAA
The Role Life Insurance Plays in your Financial Protection Plan
We spend our lives preparing: for college, for the real world, for a wedding, to have a child and to retire. While we take time to plan for life’s expected changes, we might sometimes put off planning for the unexpected because the time to do so is not always clear.
As we think about the future and the best times to anticipate whatever comes next, there are tools such as life insurance that can help you financially prepare throughout every stage of life.
There is no time like the present to consider life insurance as a way to help you prepare for your stage of life. Here are a few examples of key times to consider your protection.
GRADUATION
The majority of today’s college graduates have student loan debt.1 If you had a co-signer on your student loans, or want to shield your family from additional debt, it can be a good idea to have a plan in place with life insurance. Locking in lower rates while you are young, and likely in better health, can
provide financial protection with less out of pocket for years to come.
STARTING A FAMILY
Life insurance can help protect a growing family in the event that you are no longer there. The coverage helps to ensure that the family can stay in their home and help pay for the children’s education. Life insurance helps with household costs such as groceries and credit card bills and can help cover income from the breadwinner or invaluable support of a stay-at-home spouse.
RETIREMENT
If you’re nearing retirement age or enjoying retirement now, it’s a good time to start thinking about any remaining debts or final expenses that life insurance can help cover. Tools such as life insurance and annuities also can help you maximize your pension, generate income in a favorable
tax basis and have a lifetime of income that you never outlive. These tools can allow you to leave
a legacy to your loved ones and ensure wealth is transferred as you wish.
To learn more, contact your AAA Life Insurance Specialist at 855-841-9866 or visit AAALife.com.
AAA Life and its agents do not provide legal, financial, or tax advice. Therefore, you may wish to consult independent professional advice before the purchase of this coverage. Annuities are not short-term products. Withdrawals before 591⁄2 may be subject to IRS penalties. Life insurance and annuities are underwritten and annuities offered by our affiliate, AAA Life Insurance Company, Livonia, MI. AAA Life is licensed in all states except NY. AAA Life CA Certificate of Authority #07861.
1 Investopedia, Student Loan Debt: 2019 Statistics and Outlook. Kurt, Daniel. November 2019
Comfort comes with clarity. Let us help you.
To better understand your life insurance options or to take the next step, we’re here to provide the information you need from a partner you can trust.
Call 855-841-9866 to speak with an advisor.
Products and their features may not be available in all states. Life insurance and annuities underwritten by AAA Life Insurance Company, Livonia, MI. AAA Life (CA Cert. of Auth.#07861) is licensed in all states except NY. Your local AAA club and/or its affiliates act as agents for AAA Life.
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SUMMER 2020
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