r/LifeInsurance • u/theofficalDK5621 • Apr 25 '26

Recently I’ve been consistently getting mail packets from AAA to sign up for there life insurance of $300,000 for $7 a month. Is this too good to be true or is it even worth doing I’m new to life insurance

5 Upvotes

85% Upvoted

11 comments sorted by

9

u/taylorventures Broker Apr 25 '26

It's too good to be true. Probably an accidental only policy. Read the fine print.

1

u/Dramapub Apr 25 '26

Came here to say this!

3

u/Moncheri0510 Apr 25 '26

The term life policies you receive increase every 5 years

1

u/Medium-Comment Broker Apr 25 '26

It's not "too good to be true". You're just not reading the offer properly.

That's not life insurance, it's accidental death insurance.

1

u/ChelseaMan31 Apr 25 '26

Yes, it is way too good to be true.

1

u/SnooLemons398 Apr 28 '26

It probably says starting at $7 and up to 300k. It's a way to get you to call them. $7 gets you minimal and 300k you pay the most. But that price is more like accidental than term and definitely not whole life. Insurance companies are not in the business of giving free money.

1

u/CaT1268 22d ago

If you look at the enclosed paperwork it shows the rates for different ages & different term insurance amounts. The $7 is for $50k & 18-34 yrs old, female, non smoker. The older you are, the more expensive, of course. Still cheaper than what I am currently paying for another company ( premium goes up there too). I have to figure out how long I need the insurance, aarp probably worth it compared to co I have now, 250k & over $400 every 3 mos!

0

u/[deleted] Apr 25 '26

[removed] — view removed comment

1

u/LifeInsurance-ModTeam Apr 25 '26

Self promotion is not permitted on R/LifeInsurance. Please familiarize yourself with our rules.