CAA Member Bonus - On top of your Guaranteed Issue Life coverage, your CAA Member Bonus gives you an additional 2% coverage every year. It will grow for up to 25 years of continuous CAA Membership. So depending on the insurance amount you choose, this 2% yearly increase means you get up to $12,500 in extra coverage without paying an extra cent. Your premiums remain the same. But your coverage increases — each and every year. All you have to do is remain a CAA Member.

No medical questions – Your approval is guaranteed even with a medical condition. In fact, we will not ask you any medical questions (other than whether you smoke), unlike other plans that want to know if you’ve been diagnosed with a terminal illness, if you’re confined to a hospital or nursing home medical facility, if you have AIDS or tested positive for HIV.

Up to 20% off if you don't smoke - If you enroll as a smoker, you can enjoy this discount by applying to switch to the non-smoker rates once you have quit smoking for at least 12 months.

Low rates – As a CAA Member, you are entitled to preferred rates. Plus, you also get the CAA Member Bonus mentioned above.

Rates will never go up – Rates are guaranteed never to increase (level premiums). You can stop paying premiums when you reach 100 but your coverage will remain in effect.

Automatic accidental death benefit – While many other plans make the accidental death benefit optional, meaning you have to pay for it, CAA automatically covers you for five times your Guaranteed Issue Life coverage amount if you accidentally die before age 85. This replaces the CAA Guaranteed Issue Life benefit and CAA Member Bonus your beneficiaries will receive. Depending on the amount of the coverage you have (up to $25,000), your beneficiaries could receive up to $125,000. Your accidental death benefit takes effect on the day we receive your application.

Shorter graded benefit waiting period – Most guaranteed issue life insurance policies have what is called "graded benefit." This means that the policy doesn't pay out during a waiting period. For non-accidental death during the waiting period, beneficiaries receive only the amount of premiums paid, plus interest. While many other plans have a three-year waiting period, CAA’s is only two years. And unlike other plans that pay only 3% interest on premiums paid, your benefit will equal all premiums paid plus 10% interest. After two years, full benefits are paid for any cause of death.

Living Benefit advance – You can claim a Living Benefit advance of up to 50% of your life insurance coverage amount if you become terminally ill with 12 months or less to live. This money is yours tax-free and interest-free to spend as you wish. Once you have received the Living Benefit, your premiums stop but your coverage remains in effect. You can make a claim for Living Benefit only after two years of coverage.

Next step: Get a no-obligation quote or apply now.