PROs & CONS — BESTOW LIFE INSURANCE
FREQUENTLY ASKED QUESTIONS ABOUT BESTOW
***RELATED READING***
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Sagicor No Medical Exam Sample Rates
The sample rates shown are preferred class prices. Actual rates will vary based on your health class, desired coverage amount, and term lengths. Sagicor offers a variety of life insurance plans with no medical exam. Their term plans are available in 10, 15, and 20 years. 30yr old male
30YR OLD FEMALE
SagicorNow is the marketing name for the Sagicor Life Insurance Company’s direct-to-consumer online platform. The simple online platform allows people to get quality 10 / 15 / 20 year term life Insurance & whole life insurance fast and easy. Sagicor Life is rated “A-” (Excellent) by A.M. Best Company (4th best out of 16 possible ratings). This rating is based on Sagicor’s financial strength and ability to meet its ongoing obligations.
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CHRISTOPHER J. LALOR Christopher Lalor is an independent life insurance broker with over 25 years experience and licenses nationwide. He is dedicated to helping you secure the proper protection for your loved ones– as quickly, as affordably, and as painlessly as possible. HIS PROMISE Straight Answers, Free Instant Quotes, Unbiased Reviews, and No Pressure, Ever.
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There is much to consider when making comparisons between life insurance companies
The Most Important Factors
- Price
- Underwriting Guidelines
- Company Strength & Reputation
the exact cost of your life insurance depends on 3 variables
- How much life insurance coverage (the face amount)
- When does the policy expire (the term)
- The approved health class (preferred, standard, etc.)
detailed sample quotes and underwriting guidelines
15 Year Term Life Insurance $250,000 15 Year Term Life Insurance Policy $500,000 15 Year Term Life Insurance Policy |
If you are a AAA member, chances are you have received this “Exclusive Members Only Group Term Life Insurance” application & information packet in your mailbox— at least once, if not once a month.
Perhaps it met with a quick end in your recycling bin. Or --if shopping for life insurance has been on your “TO DO” list— maybe it caught your eye and you kept it around to review later. As a AAA member myself, I have accumulated several copies of my own. As an independent life insurance broker, I can offer a unique perspective regarding the offer itself, the eligibility details, and the corresponding policy premiums.
I would be happy to review the details with you over the phone: (888) 681-4952. You can also run personalized life insurance quotes and compare top rated companies here.
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PROs & CONs of AAA's "Exclusive Members Only Group Term Life Insurance"
ADVANTAGES OF BUYING THIS POLICY
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DISADVANTAGES OF BUYING THIS POLICY
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Benefits of AAA's "Exclusive Members Only Group Term Life Insurance"
INSURANCE GUARANTEES
"LIVING BENEFIT"
Your AAA Exclusive Members Only Group Term Life Insurance allows you to collect benefits while you’re alive thru the “Accelerated Death Benefit”. This means if you’re ever diagnosed with a terminal illness, and death is anticipated within 12 months or less, you can get up to half of your benefits early to help with expenses.
CONVERSION PRIVILEGE
At any time before you turn 65, you can convert your Exclusive Members Only Group Term Life Insurance coverage to a permanent life insurance policy from AAA. Conversion is guaranteed regardless of your health at the time.
- Guaranteed Renewal
- Guaranteed Level Benefit
- Guaranteed Payment With A Covered Claim
- Guaranteed Spouse Eligibility
"LIVING BENEFIT"
Your AAA Exclusive Members Only Group Term Life Insurance allows you to collect benefits while you’re alive thru the “Accelerated Death Benefit”. This means if you’re ever diagnosed with a terminal illness, and death is anticipated within 12 months or less, you can get up to half of your benefits early to help with expenses.
CONVERSION PRIVILEGE
At any time before you turn 65, you can convert your Exclusive Members Only Group Term Life Insurance coverage to a permanent life insurance policy from AAA. Conversion is guaranteed regardless of your health at the time.
Cost of AAA's "Exclusive Members Only Group Term Life Insurance"
HOW MUCH ARE THE PREMIUMS?
- You must be a AAA member ages 18-74 to purchase. The policy can be renewed until it expires at age 80.
- There are 4 Benefit Amounts to choose from. $50,000, $100,000, $200,000, & $300,000.
- There are different monthly premiums for nicotine vs. non-nicotine users.
- The premiums are banded into age brackets. Ages 18 to 34 the premium stays the same. At age 34 the premiums start to increase and will increase every 5 years until the policy expires at age 80. Although you cannot be singled out for a rate increase, the premiums are NOT guaranteed. Your premiums may change only if they are changed for all other insureds with the same age, gender, nicotine use, coverage amount, and year of issue.
- Premiums payments can be made from a checking account or credit card. A $3 charge will be added to your premium if you wish to receive a monthly bill.
Applying for AAA's "Exclusive Members Only Group Term Life Insurance"
ONE-PAGE FIVE-STEP APPLICATION PROCESS
Step 1. Member Information & Spouse Information – if applying.
Step 2. Provide Payment Method
Step 3. Statement of Health
Each of the following questions are answered by checking the box yes or no.
Step 4. Other Insurance
Yes or No. Is there insurance applied for intended to replace, discontinue, or change any existing insurance or annuity?
Step 5. Read, Sign, and Date
- Name
- Home Address
- Phone #
- Email Address
- Beneficiary Name
- Beneficiary Relationship
- Amount of Coverage Desired
- In the last 12 months, have you used nicotine in any form? Yes or NO
- Gender
- Date of Birth (Must be 18-74 to apply)
- Height & Weight
Step 2. Provide Payment Method
- Deduct payment from checking account each month. Will need to provide account & routing number as well as a copy of a voided check.
- Charge payment to a credit/debit card each month. Visa, MasterCard Discover and AmEx accepted. Need to provide card number, expiration date, and the name as it appears on the account or card.
Step 3. Statement of Health
Each of the following questions are answered by checking the box yes or no.
- In the past 12 months, have you been admitted to a hospital or had diagnostic testing performed or recommended by a doctor for an diagnosed condition?
- In the past three years, have you been treated OR diagnosed by a doctor as having heart trouble, cancer, stroke, lung disease, liver disease, kidney disease, AIDS, lupus, diabetes treated with insulin, ALS, or dementia?
- In the past three years, have you been confined to a nursing home, or special treatment facility OR convicted of a felony or driving under the influence?
Step 4. Other Insurance
Yes or No. Is there insurance applied for intended to replace, discontinue, or change any existing insurance or annuity?
Step 5. Read, Sign, and Date
- All answers in the application are, to the best of my knowledge and belief, true. I understand the answers will be used to determine if coverage will be issued, and the application will be part of the Certificate of Insurance.
- In accordance with its incontestability provision, if I misstate any of the information on this application, the Certificate my be voidable for 24 months from the effective date by AAA Life Insurance Company.
- I authorize the Company to use the payment method I indicated on this application. This authorization will remain in effect until I notify the Company in writing to cancel it.
- Coverage will take effect on the Effective Date shown on the Certificate, provided the first premium has been paid and there has been no change in my health since the date of the application. If my health changes prior to the Effective Date of the Certificate, I must promptly inform the Company in writing.
- I authorize any licensed physician, medical practitioner, hospital, clinic, pharmacy, pharmacy benefit manager or other medical relate facility, consumer reporting agency, insurance company, or other organization that has any records or knowledge of my medical or prescription history, credit attributes, public records, driving record, or social security number, to give any such information to the Company, its re-insurers or any entity retained by the Company to collect and transmit such information.
- The company will not use or disclose medical information for any purpose other than stated above except as may be required or permitted by law. Such medical information may be subject to re-disclosure and may no longer be protected by federal privacy regulation.
- The authorization shall be valid for 24 months from the date signed. I understand I or my representative have a right to a copy of this authorization.
- I may revoke this authorization at any time by writing to the Company, and if I do, the Company may decline my application.
Straight Answers
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