What Riders and Benefits are available on AAA Life Insurance Companys term life insurance product?
The following benefit is automatically included at no additional cost: • Conversion Benefit – allows the owner of a term life insurance policy to exchange (or convert) the policy to permanent life insurance without evidence of insurability. The conversion period ends at the earlier of a) 80% of the term period, or b) age 65. • Accelerated Death Benefit is also included at no cost. The following benefits are optional and have a separate cost associated with them: • Children’s Term Rider – provides term life insurance coverage on each child of the insured’s family. • Waiver of Premium Rider – the insurance company will make your life insurance premium payments if you become permanently and totally disabled. • Return of Premium (Provided under the Intermediate Period Endowment Rider) – This rider guarantees that you will get all of your paid premiums returned to you at the end of your term period. Return of Premium is not available with the Children’s Term Rider, the Disability Waiver of
