My Open Book

AARP Life Insurance

There is, no physical exam that is 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 or funeral costs. AARP members 50-80 may apply. Benefits will not decrease as you age.

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 is based on your answers to three simple questions. After the age of 80 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 may also tide a beneficiary over until pension or social security benefits become available. You cannot be turned down for AARP Guaranteed Acceptance AARP Life insurance from 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 for any number of children or grandchildren between the ages of three weeks and 17 yrs of age. This insurance lasts their entire lives so so they are never left unprotected no matter what their future professions, health, or hobbies may be – all with AARP Life Insurance. 

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