AAA Life Offers Financial Protection That Evolves with You

What if your interests never changed once you established them as a child?

The world would certainly be flush with more aspiring astronauts, princesses and musicians – or maybe combinations of all three. Toy stores would be as prevalent as the convenience stores on every corner to supply adults with the latest miniature cars or stuffed animal outfits and accessories.

Restaurants might still show sports on their big-screen TVs, but they would be equally packed for the premiere of the latest episode of popular 30-minute cartoons. Grocery stores wouldn’t be able to keep up with the demand for dinosaur-shaped chicken nuggets!

Maybe some have hobbies evolved from their first passions – and that’s great! But others can likely look back and remember things they once cared for that they replaced as they got older. It’s a sign of growth that we found new interests with more life experience. As we grow and change, the choices we make in life often mirror our needs.

Your financial protection needs work much in the same way. What you need in your 20s is not likely to match what you need in your 40s, which will further evolve as you approach your 60s and beyond. 

Luckily, AAA Life has solutions for you every step of the way. 

Where to begin?
 

Life insurance works to help protect those who depend on us financially, but in your 20s when you’re just starting your career, you may not yet support anyone in that way. 

But you’re likely active – whether that means setting out to see some of the world, driving regularly to meet up with friends, or learning home-improvement projects on the fly – and accidents happen. A smart first step might be to consider Member Loyalty® Travel Accident Insurance from AAA Life, which is available exclusively to AAA members.

Member Loyalty® Travel Accident Insurance provides four-way accident protection that grows with your first five years of AAA membership: 

•    Daily cash benefits from the first day of any hospital stay (up to 365 days).
•    Additional money for subsequent at-home recovery, matching the length of your hospital stay.
•    Help paying emergency room or urgent care bills.
•    Additional benefits for accidental loss of life – your beneficiaries can collect a payment, on top of any life insurance policies.

You can learn more and take the first step to coverage on our Member Loyalty® Travel Accident Insurance page.

The next steps to take

How your coverage grows from there depends on many factors, and it’s helpful to know that life insurance is generally less expensive when you’re younger and healthier. Even if you don’t have a family, things like funeral costs, medical bills, mortgage payments or existing debts may fall on your loved ones should you pass away unexpectedly.

If you’re able to lock in an affordable rate when you’re young, you could save money in the long run. Once you are thinking about starting a family, it’s a good idea to investigate the additional financial protection available to you. A life insurance benefit can be used any way the beneficiaries would like, meaning it can help cover college tuition, monthly groceries and bills, or provide help a family maintain their quality of life during difficult times.

Looking to calculate your needs? AAA Life offers resources to help you find the right coverage options for your situation.

As you start to think about retirement, you also have the option of annuities available for you. An annuity is a secure way to provide a steady stream of income that can last for the rest of your life – so you can enjoy your retirement with less worry. If this sounds like an option for you, you can learn more by reading our article on annuities.
 

How do I know what’s right for me?
 

There is no one-size-fits-all solution for financial protection products. You may need to keep your accident insurance for your whole life for that added protection, or you may want to revisit how much your life insurance policy covers once your kids are out of the house.

You may also find that different products are more enticing to you at different periods in your life, and that’s just fine – your life is unique, and your coverage should be, too. No matter where you are in life’s journey, you can enjoy more peace of mind knowing that AAA Life is by your side. To get started today, give our experienced and licensed agents a call at (888) 422-7020.