09 September 2008


Jim Rink (313) 336-1513

AAA is taking part in the Life Insurance Awareness Month campaign to increase understanding of the importance of life insurance. This nationwide initiative is conducted during September by the not-for-profit Life and Health Insurance Foundation for Education (LIFE).

According to AAA, one key message is that life insurance can provide a wide variety of important benefits across all age groups.

“Whether you’re single, married, have kids or are preparing for retirement, life insurance products provide peace of mind,” said Gary Dick, director of ACG Insurance Agency. “Everyone’s life insurance goals are different. The best place to start is with a needs assessment by a professional life insurance agent.”


Single People

If you’re young, now is the best time to get life insurance. As you get older, your rates will increase. You can lock up low premiums before you get married.

Married Couples

Protect yourself and your spouse from the unexpected. Take steps now to provide financial protection for your spouse. It’s a good time to get protection in place if you’re planning on having children.

Families with Kids

Life insurance offers a family the resources to maintain their lifestyle should a parent pass away. It also can pay off debts and cover funeral costs, and provide money for longer-range needs, including college tuition or retirement. Stay-at-home parents also need insurance because they provide vital household services that would be expensive to replace.

Retirement Planning

Safeguarding your savings is a complex job. It is wise to develop a strategy that can both protect and expand funds you’ve earmarked for retirement. Consider some of these options:

  • Supplement your retirement income. Within certain guidelines, permanent life insurance offers the flexibility to supplement your retirement income with the cash value accumulated within your policy.
  • Preserve your estate for your heirs. Even if your estate is modest, life insurance can provide a legacy for your loved ones even if you deplete most of the assets in your estate during your retirement years.
  • Provide protection for your surviving spouse. Failure to plan effectively can have serious consequences, especially if there is a nonworking spouse.

For a thorough assessment of specific needs, consumers can contact a licensed AAA life insurance professional and receive a free, no-obligation financial needs analysis. This review focuses on three priorities: How much a family needs following a loved one’s death to meet immediate expenses, how much money they need to maintain their standard of living, and how to fill any gap between current assets and immediate and future financial needs.

Consumers can call (800) 289-4473, click (


), or connect (in person with a life specialist at a full-service AAA branch). To find a AAA life insurance agent near you, visit


and click on Find An Agent located in the Insurance page.

Life insurance underwritten by AAA Life Insurance Company, Livonia, Michigan. AAA Life is licensed in all states except New York.

*Source: Life and Health Insurance Foundation for Education.