AAA Life Insurance | Insurelife.life

Gary W Blackmon Insurance Agency05 Jul, 2018News

AAA Life insurance in can generally be classified as either �term life,� �cash value life,� or a combination of the two. Term life coverage is typically less expensive and less complex. These policies pay only once � with a specified death benefit when the insured dies � and only if the person dies during the specified term that the coverage is in force. Cash value life policies typically provide a variety of features and benefits in addition to the death benefit, and they typically cost more. The key feature of all cash value life insurance is a savings component that accumulates over time and may be withdrawn, invested, or borrowed against during the policyholder�s lifetime, depending on the policy terms.