Life Insurance

Plan Information

Take comfort in knowing that life insurance can provide the people you love with financial support when you can’t be there—and when they need it most.

By planning ahead, life insurance:

Helps your loved ones pay for final (funeral) expenses

Provides financial support for your loved ones so they can maintain their lifestyle

Allows you to leave an inheritance to loved ones

Life Insurance Benefit

AAA Carolinas provides full-time team members the equivalent of their annual salary in group life insurance and pays the full cost of this benefit (maximum $200,000). Basic Benefit: 1 times Annual Compensation rounded to the next higher $1,000, if not already a multiple thereof. Guaranteed Issue Amount: the lesser of 1 times Annual Compensation or $200,000 Maximum Benefit: the lesser of 1 times Annual Compensation or $200,000. Voluntary Benefit: An amount elected in units of $10,000. Guaranteed Issue Amount: the greater of a) or b) below: a) the lesser of 10 times Annual Compensation or $100,000, or b) an amount equal to the Life Insurance Benefit in effect on the termination date of the Prior Plan.

Contact Information

Carrier: Life Insurance Company Of North America


Phone: (800)-732-1603

Eligibility: All Fulltime Team Members(>30 hours)

Voluntary Life Insurance

Team members who want to supplement their group life insurance benefits may purchase additional coverage.

If you decline enrolling in this benefit as a new hire, then an Evidence of Insurability (EOI) application will be required if you later choose to enroll in this benefit during an open enrollment period.

Note: If you are not in Active Service on the date insurance would otherwise go into effect, it will be effective on the date you return to Active Service. If an eligible Spouse or Dependent Child is: 1. an inpatient in a hospital, hospice, rehabilitation or convalescence center, or custodial care facility; or 2.confined to his or her home under the care of a physician on the date insurance would otherwise be effective, it will be effective on the date he or she is no longer an inpatient in these facilities or confined at home. Please refer to the group policy located on Oliver for full details.

IndividualMaximum (subject to EOI)*
Team MemberThe lesser of 10 times Annual Compensation or $500,000 (in increments of $10,000)
Spouse50% of Team Member election or $250,000
Dependent Children$10,000 (see age limitations)

See SPD, SBC, brochures, flyers and/or policy contract for full detail. Final rates can fluctuate a few cents on your paycheck. The benefit highlights and summaries are not an official outline of coverage.

Important Documents


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