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Life Insurance from AARP

AARP Life Insurance

There is, no physical exam will be required. For most products, your acceptance is based on your answers to just three simple health questions, and once enrolled, benefits are payable from the very first day coverage takes effect. For most products there is no waiting period before full benefits are available. AARP Life Insurance coverage can never be cancelled without your consent, unless the premiums are not paid when due and your Enrollment Form contains no material misrepresentations. There are 4 different types of AARP life insurance available to AARP members.

AARP Permanent Life: Permanent coverage can help build up a surviving spouses nest egg, tide a beneficiary over until social security or pension benefits begin. It may be used to pay final expenses of funeral costs as well. AARP members 50-80 may apply. Benefits do not decrease as you grow older.

AARP Level Benefit Term Life:  This term coverage can be used to pay off outstanding mortages or loan balances, increase a surviving spouses nest egg, or offset final illness or funeral costs. This insurance is offered to members aged 50-74 and no exam is needed. Acceptance in AARP life insurance is based on your answers to three simple questions. Once the age of 80 is reached you can exchange this plan for the permanent life plan mentioned above.

AARP Guaranteed Acceptance Life: This term coverage can be used to pay off outstanding mortgages or loan balances, increase a surviving spouses nest egg, offset final illness or funeral costs, or leave legacy for children or grandchildren. It can also tide a beneficiary over until pension or social security benefits become available. You will not be turned down for AARP Guaranteed Acceptance Life insurance provided by New York Life Insurance Company. Members aged 50-80 can apply with no health exam required.

AARP Young Start (not available in NY or WA): Members aged 50-80 may apply for coverage in AARP Life Insurance for any number of children or grandchildren between the ages of three weeks and 17 yrs of age. will span their entire life so they can always be protected no matter what their future professions, health, or hobbies may be. 

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