AARP Burial Insurance Review – Pros & Cons

AARP-Burial-Insurance-Review

Important: Read this AARP burial insurance review before purchasing their term life insurance or guaranteed issue coverage through AARP.

American Association of Retired Persons (AARP) offers various life insurance products to seniors across the nation. These burial insurance plans are commonly referred to as the AARP Life Insurance Program from New York Life.

In this article, we’ll give complete information on what AARP burial insurance policies are all about. We have some relevant facts that you need to know to help you decide if AARP final expense insurance is the best fit for you.

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FOR EASIER NAVIGATION:


DOES AARP OFFER FIRST-DAY COVERAGE?

YES, AARP has a burial insurance plan that offers first-day coverage in two of their three insurance products.

Their term life insurance and whole life insurance offer 1st-day coverage. However, their guaranteed issue life insurance has a 2-year waiting period.

Some of their policy provisions are a bit tricky, so read the pros and cons for each product further in this article.

AARP BURIAL INSURANCE PRODUCTS

The different types of burial insurance plans marketed by AARP through New York Life include:

  • Term Life – $10,000 up to $100,000
  • Permanent – up to $50,000
  • Guaranteed Issue (2-year waiting period) – up to $25,000

PROS OF AARP BURIAL INSURANCE

Three different products to choose from – you do need to be CAREFUL of what plan they are selling you.

Brand recognition – most people have heard of AARP before

Multiple price range options – pricing to fit most people’s budget, but don’t buy from AARP on price alone, or you may buy the wrong policy!

CONS OF AARP LIFE BURIAL INSURANCE

Term life insurance can be misleading – the price actually goes up every 5 years, and the coverage ends at age 80. In most cases, only people in great health qualify.

Whole life insurance expensive & waiting period – other companies offer better rates, and their guaranteed issue life insurance plan has a 2-year waiting period.

AARP is not an insurance company – AARP burial insurance plans are underwritten and maintained by New York Life, so after the sale, AARP is out of the picture for policy updates and death claims.

AARP LEVEL BENEFIT TERM LIFE INSURANCE

This term life policy is AARP’s flagship life insurance product and the one that is marketed and sold most aggressively. 

This term life policy does not include burial plans or final expense insurance, but it is marketed as such. If you’re looking for funeral insurance for parents or funeral insurance for over 80, this is not for you.

PROS OF AARP LEVEL BENEFIT TERM LIFE INSURANCE

  • Provides $10,000 up to $100,000 in protection
  • Coverage for people age 50-74
  • No medical exam (acceptance is based on answers to a few health questions)
  • No criminal record review
  • You won’t be penalized for smoking or chewing tobacco

CONS OF AARP LEVEL BENEFIT TERM LIFE INSURANCE

  • Higher monthly premium
  • Competitors will charge less for a fixed premium
  • Premiums increase every five years
  • The policy expires after age 80th

It is incredibly risky to purchase this policy if you plan to use it for final expenses.

Unfortunately, many consumers don’t ask enough questions (which may be why this plan is their bestseller).

Don’t be confused when you hear level benefit term life insurance….the presentation is a little bit tricky.

To most insurance companies, “level” means a term life policy that has a fixed premium for the whole term of the policy.

The term level does not refer to rates to AARP, but it refers to the death benefit. The only thing “level” to AARP is the death benefit that does not decrease.

Coverage begins at age 45, and the premium will increase at age 50, then at age 55, and so on until you reach age 80 when the coverage ends.

They sell this plan as a burial insurance policy, but you will want a  burial insurance policy that will not expire when you turn 80. Many thousands of seniors bought this plan, only to lose coverage after age 80.

What happens when you outlive your policy?

When you live older than 80, your family will be left with your funeral expenses because your life insurance is gone. You won’t get any money back, and you don’t have the option to renew a new term. 

If this happens, you would need to apply for further coverage with a different type of plan, which may be expensive.

AARP’s level benefit term life insurance may sound good at first, but you need to understand the fine print so you don’t end up in a financial pickle later on in life.

AARP PERMANENT LIFE INSURANCE (1st-day coverage)

Unlike the AARP Term Life plan that expires at the age of 80, you are covered your entire life with this plan as long as you continue paying the monthly premium.

AARP permanent life insurance has a level premium with guaranteed rates that never increase for the life of the policy. It also has a level death benefit that does not decrease. This plan is simple to qualify; you need to be 45 to 80 years old to apply for coverage.

PROS OF AARP PERMANENT LIFE INSURANCE

  • Up to $50,000 in protection
  • Rates that never increase
  • Immediate coverage – no waiting period

CONS OF AARP PERMANENT LIFE INSURANCE

  • AARP monthly membership fees required
  • Premium is expensive compared with other insurance companies

This plan is along the lines of a traditional burial insurance policy.

One of the features of this burial insurance or senior funeral plan is immediate coverage. You are protected from day one, unlike other plans, which have a two-year waiting period.

Your beneficiary will receive the full death benefit if you pass away after your application is approved.

This product is real burial insurance for seniors, final expense insurance, or senior citizens’ funeral insurance that provides up to $50,000 in protection.

AARP EASY ACCEPTANCE LIFE INSURANCE (2-YEAR WAIT)

Guaranteed acceptance life insurance by AARP is a 2-year waiting period burial insurance, cremation insurance, or funeral insurance plan. This is designed to be the life insurance for the uninsurable.

The policy provides lifetime protection, and it won’t expire as long as you pay the premium on time. A level premium means the monthly price will not change, unlike the Level benefit term life. The death benefit will not decrease as well.

PROS OF EASY ACCEPTANCE LIFE INSURANCE

  • Provides up to $25,000 in protection
  • Lifetime protection
  • Guaranteed acceptance (you can’t be turned down)
  • No health questions

CONS OF EASY ACCEPTANCE LIFE INSURANCE

  • Limited benefit for the first two years (waiting period)
  • Includes extra mortality risk charge

This AARP guaranteed acceptance plan has no medical exam and no medical questions.

Because approval is guaranteed, there is a two-year waiting period before the policy will pay out 100% death benefit.

If you have an accidental death during the waiting period, New York Life will pay out the full death benefit. However, if you die from a natural cause during the waiting period, your beneficiary will receive a refund of 125% of the amount you paid.

The drawbacks of this plan are the price and the 2-year waiting period.

An extra mortality risk charge is included in the pricing, which makes AARP more expensive than many other insurance companies. Many other burial insurance companies offer the exact guaranteed acceptance coverage as AARP but cost much less.

For example, AARP guaranteed acceptance rates for 60-year-old male wanting $15,000 coverage is $90 a month. Now compare burial insurance quotes with other top-rated companies with the same policy, which runs $61 a month. That is $29 a month in saving or $348 a year or $6,960 in 20 years.


AARP BURIAL INSURANCE RIDERS

Accelerated death benefit rider – you can accelerate 50% of your death benefit if you’re diagnosed with a terminal illness with a life expectancy of 24 months or less.

OTHER BENEFITS:

POLICY LOANS – you can borrow up to 100% of your cash value. This is tax-free. Loans reduce your cash value amount and are subtracted from your death benefit. The interest on policy loans varies by state.


WHEN DOES AARP BURIAL INSURANCE MAKES THE MOST SENSE?

You can get numerous benefits from choosing AARP burial insurance plans, mainly if you don’t have other life insurance coverage in place.

However, despite all the advantages, AARP may not be the best place to get your burial insurance. You need to weigh the AARP pros and cons before making your final decision…especially the higher pricing!

You can often find better rates from other top-rated insurance companies rather than going with AARP.


AARP UNDERWRITING GUIDELINES

To qualify for AARP life insurance, you need to answer these three health questions honestly and pass the medication history check and Medical Information Bureau (MIB) check.

1. In the last 24 months, have you been diagnosed with, taking medication or treatment for stroke, heart disease, cancer, diabetes, lung disease, kidney or liver disease, immune system disorder, AIDS, AIDS-related complex? (Yes – No)

2. Have you been admitted to a hospital, extended care, nursing home, or specialized treatment facility during the past two years? (Yes – No)

3. In the previous three months, have you consulted a physician or had medication, treatment, or any type of diagnostic test? (Yes – No)

If your MIB file and prescription history show any treatments for any of the above-mentioned medical conditions, your application will be denied.

You will only be accepted if you answer no to all these questions and clear your medication history.

The qualification process for AARP permanent life insurance is based on three health questions that you need to answer, and you pass a prescription history check.

Your application will be denied if you take certain prescription medications or have MIB records indicating you have any health conditions mentioned in the AARP health questionnaire.

You will not qualify for AARP permanent life insurance if you have the following health conditions:

  • Type 1 diabetes
  • Diabetes complications like diabetic coma, neuropathy, retinopathy or amputation
  • Heart disease
  • Liver diseases
  • Lung diseases such as asthma, COPD, chronic bronchitis, or emphysema
  • Lupus
  • Kidney diseases
  • Parkinson’s disease
  • Rheumatoid arthritis

Only a person in good health can medically qualify for AARP burial insurance senior.

AARP’s permanent life insurance policy has unattractive pricing, and If you’re not in good health, AARP will decline your application. 

AARP permanent life insurance is also available. But, you specifically need to request it by telling their agents that you want this type of policy. If you don’t, you will most likely be offered their term life policy.

The consumer price for this policy is significantly higher than most competitors’ prices.

For example, AARP permanent life insurance rates for a 50-year-old male applying for a $25,000 coverage comes in at $82 a month.

Compare insurance quotes to one of the top-rated life insurance companies that offer $25,000 coverage for only $66.35. That is a savings of $187.80 a year or $5,634 in savings over 30 years.


AARP PRICING EXAMPLES

FEMALE AGE
$5,000
$10,000
$25,000
50
$13.00
$25.00
$60.00
55
$16.00
$30.00
$73.00
60 $19.00
$37.00
$89.00
65 $23.00
$45.00
$109.00
70 $32.00
$63.00
$155.00
75 $41.00
$81.00
$201.00
80 $51.00
$100.00
$248.00
MALE AGE
$5,000
$10,000
$25,000
50
$17.00
$33.00
$79.00
55
$21.00
$41.00
$100.00
60 $25.00
$48.00
$118.00
65 $31.00
$61.00
$150.00
70 $40.00
$79.00
$195.00
75 $50.00
$98.00
$242.00
80 $62.00
$123.00
$306.00


GETTING APPROVED FOR AARP BURIAL INSURANCE

BURIAL INSURANCE APPLICATION PROCESS
Rates & coverage Agent can help you select both
UnderwritingAgent will help you qualify for the best plan
BeneficiaryYou determine who will get your death benefit
ApplicationAgent submits application to insurance company
ApprovalCongratulations on your new policy!
Policy start date Policy active after 1st payment date
Policy delivery 7-10 business days after first draft date


THE BEST PAYMENT OPTION

PAYMENT METHODRECOMMENDED?
Savings AccountBest way to pay
Checking AccountBest way to pay
CashNot recommended
Money OrderNot recommended
Cashier's CheckNot recommended
Debit CardNot recommended
Credit CardNot recommended
Direct ExpressNot recommended
PAYMENT FREQUENCYRECOMMENDEDACCEPTED BY
MonthlyRecommendedAll Companies
QuarterlyNot RecommendedSome Companies
Semi-annuallyNot RecommendedSome Companies
AnnuallyNot RecommendedSome Companies


AARP COMPANY OVERVIEW

New York Life is one of the largest life insurance companies in the United States.

It has been selling various policies and life insurance coverage options since 1845. They presently operate in every U.S. State and many other countries.

New York Life Financial Strength Ratings

  • AM Best – A++, Stable outlook
  • Fitch Ratings AAA, Stable outlook
  • Moody’s – Aaa, Stable outlook
  • Standard & Poor – AA+, Stable outlook


HOW CAN FUNERAL FUNDS HELP ME?

The reality is that inexperienced and less knowledgeable insurance companies and agents will cost you loads of money by selling you overpriced burial and final expense policies.

Getting affordable burial policies for seniors doesn’t have to cost an arm and a leg.

Our job at Funeral Funds is to be the most knowledgeable burial insurance expert available. By doing so, we can knock it out of the park and get you the most accurate quote and affordable rates.

Once we know more about your age and health history, we can accurately give you burial insurance quotes from the final expense companies that best fit you.

We have the best carriers that cater to seniors seeking affordable burial insurance coverage.

We can help you shop and compare your AARP insurance quote to get the best deal. You shouldn’t have to pay high premiums every month to get burial insurance coverage. We will help you find the perfect policy to fit your needs!


BUT WAIT…THERE’S MORE!

5 REASONS YOU SHOULD BE WORRIED ABOUT AARP LIFE INSURANCE

Do you have AARP life insurance? Are you considering purchasing an AARP life insurance? 

AARP is branded as an advocacy group for seniors lobbying for seniors’ rights; however, this senior rights protector’s claim may let you think they have the best life insurance plans. Most seniors can find better insurance options with other life insurance companies, so it is best to compare products and quotes before buying a policy.

This article will answer your questions if you are looking for more information on AARP life insurance products for yourself or your parents.

In this article, we will go over the different reasons why you should be worried about AARP life insurance.

FOR EASIER NAVIGATION:


REASON #1 – AARP IS NOT AN INSURANCE COMPANY

The number one reason why you should be worried about AARP life insurance is that AARP is not even an insurance company, to begin with.

AARP is a popular organization selling life insurance for seniors. Don’t be misled; AARP is not an insurance company. The organization does not provide AARP insurance products. The term and whole life insurance policies sold to senior members over 50 with no medical exam are actually underwritten by New York Life. 

AARP has been endorsing New York Life since 2011. It’s an open secret that AARP endorses life insurance companies that give them the most benefits. AARP only serves as the marketing arm of New York Life. New York Life provides all life insurance policies acquired through AARP.

You need to be an AARP member to buy life insurance. This is the one important requirement you cannot escape.

AARP members, ages 50 through 79, can buy life insurance. There are two types of AARP life insurance available: term life insurance and permanent life insurance.

Term life insurance is available to members who are 50 to 74 years old. You can buy up to $100,000 coverage. You can qualify for coverage without undergoing a medical exam.

Permanent life insurance is available to AARP members who are 50 to 80 years old. You can buy up to $50,000 coverage without a medical exam.


REASON #2 – LEVEL TERM LIFE INSURANCE INCREASE IN PRICE EVERY 5 YEARS

The second reason you need to be worried about AARP life insurance is that their level term life insurance increases in price every five years. If you bought a level term life insurance from AARP, I suggest you read the “fine print.”

If you review the fine print, you will see that it says “affordable rates that increase over time.”

AARP market their term life insurance as a level term benefit. What’s misleading about this marketing tactic is that they are leading you to believe that the premium is level or it won’t change for the life of the policy. 

Many seniors are led to believe that their monthly premiums will remain level when, in truth, what they mean when they say the level is that the DEATH BENEFIT will not change. The death benefit will never decrease.

Don’t get fooled by this marketing tactic. Almost every life insurance companies offering term life insurance have a death benefit that never decreases.

When they say level, they mean your premium will remain the same for five years. Your term life insurance premium will only increase every five years as you enter each new five-year age band. Once you reach the next age band, you must pay the new monthly rate that applies to your current age.

If you truly want a real level term life insurance, we can get you a level term life insurance policy with another company that has a fixed premium that is guaranteed to never change for the term of the policy. If you’re interested in buying term life insurance, give us a call. We work with reputable life insurance companies that specialize in term life insurance.


REASON #3 – COVERAGE ENDS AT AGE 80

AARP term life insurance is only available to members ages 50 to 74 years old. It means, if you are 75 and older, you can’t buy a term life insurance policy with them. 

If you read the fine print, you will discover that term life insurance with AARP ends once you reach age 80. The coverage ends exactly when you need it the most. 

If you want a policy that will last, do not get term life insurance. Apply for permanent life insurance instead. AARP also offers permanent life insurance. However, they will not sell you this policy unless you specifically ask for it.


REASON #4 – YOU NEED TO BE IN GREAT HEALTH TO QUALIFY

You need to answer the health questions on the AARP insurance application to qualify. Both term life insurance and permanent life insurance ask three health questions. 

Let’s take a look at the three health questions on the application:

  1. In the past two years, have you had treatment for or been diagnosed by doctors having heart trouble, stroke, cancer, lung disease or disorder, diabetes, liver, kidney disease, AIDS, AIDS Related Complex, or immune system disorder?
  2. In the past two years, have you been admitted to or confined in a hospital sanitarium, nursing home, extended care, or special treatment facility in numbers?
  3. In the past three months, have you consulted a doctor or had treatment or diagnostic tests of any type?

If you answer “yes” to any of the questions, your application for coverage will be denied.

Aside from the three health questions, New York Life will also conduct a prescription history check. If you are taking prescription medications that are a red flag for specific health issues, your application will also be declined.

If you take a look at the health questions, you will realize that you need to be perfectly healthy to qualify for term life insurance and permanent life insurance with AARP.

The following health issues will cause your application to be declined:

1. Heart trouble (heart attacks, coronary artery disease, stents, bypass, pacemaker, AFib, arrhythmia, a blood thinner, blood clots, aneurysm, heart or circulatory surgery in the last two years)

2. Lung disease (asthma, emphysema, COPD, chronic bronchitis, sarcoidosis)

3. Kidney disease (renal problems, dialysis, chronic kidney disease)

4. Stroke and mini-stroke

5. Any type of cancer

7. Diabetes and diabetic complications such as retinopathy, neuropathy, nephropathy, diabetic coma, or insulin shock – if you have diabetes and take medications to manage your condition – you will not qualify for coverage with them.

The biggest problem with AARP underwriting is that only people in great health will qualify for coverage.

If you have health issues and you cannot qualify for AARP term life or permanent life insurance, they will offer you their pricey guaranteed issue life insurance policy.

If you have health issues, we can help. We work with many insurance companies that are exceptionally forgiving with these health issues, and they will approve you for first-day coverage.


REASON #5 – IT HAS A TWO-YEAR WAITING PERIOD

If you answered “yes” to the health questions in the AARP insurance application, expect to be offered a guaranteed issue life insurance. 

If you have any health issues, you will only qualify for guaranteed issue life insurance with AARP. This life insurance product does not ask any health questions; therefore, anybody can be eligible for this plan.

The number five reason you should be worried about AARP guaranteed issue life insurance is that it has a two-year waiting period.

Because your acceptance is guaranteed, New York Life takes a significant risk in insuring you for coverage. As a safety net, they put a two-year waiting period on your policy. This means that if you die from natural causes during the first two years of the policy, your beneficiary will not receive your full death benefit. They will only receive all the premiums you paid into the policy plus 25% interest.

New York Life will only pay full death benefit for accidental death during the first two years.

AARP will always offer this product to people who are not in perfect health. They keep offering this plan because many people couldn’t qualify for term life insurance or permanent life insurance with them. This plan is the most expensive plan offered by the company.

You see, most of the health issues not accepted by AARP qualifies for first-day coverage with other life insurance companies. For example, if you have diabetes, you will only qualify for a guaranteed issue with AARP. If you have diabetes, even if you’re taking insulin, we can get you first-day coverage with diabetic-friendly life insurance companies.

Why would you settle for a plan with a two-year waiting period if you can qualify for first-day coverage?

Have you received life insurance offers from AARP? If you already have life insurance with AARP, review these five reasons why you should be worried about AARP life insurance. If you see something that keeps you worried, call me, and I will discuss your other options.

If you want to purchase life insurance, it is important to understand that every life insurance company looks at your health issues differently. Some life insurance will decline you for coverage, while other companies will offer you first-day coverage even with some health issues.

My number one goal is to find you that one company that will accept your health issues with affordable rates.

I work with over 50 life insurance companies, and most of them offer better rates than AARP – New York Life. Fill in our quote form to compare prices from different life insurance companies.

ADDITIONAL AARP QUESTIONS & ANSWERS

AARP LIFE INSURANCE COMPANY INFORMATION

Is AARP still in business?

Yes, AARP is still in business today. They continue to provide different benefits to their members.


Is AARP legitimate?

Yes, AARP is a legitimate advocacy company in the USA.


What does AARP stand for now?

American Association of Retired Persons, an interest-based group helps people over the age of 50 by selling paid memberships, and marketing insurance, and other services to its members.


Who owns AARP life insurance?

AARP’s life insurance program is owned by New York Life Insurance Company. AARP is not an insurance company. It only endorsed and market New York Life insurance products.


Who underwrites AARP life insurance?

AARP life insurance is underwritten by New York Life Insurance Company.


What is AARP’s life insurance rating?

AARP life insurance by New York Life is awarded A++ by the rating bureau A.M. Best.


What is the AARP website?
The AARP website is https://www.nylaarp.com


What is AARP’s life insurance phone number?

You can contact AARP New York Life by calling their 800 number: (800) 288-9858


What is the AARP customer service number?

AARP life Customer Experience Team can be reached at (800) 850-2658


What is AARP life insurance login? You can manage your account online by clicking this link.

  • Make payments
  • Update personal information
  • Access important forms
  • Manage beneficiaries


Where is AARP life insurance located?

AARP New York Life is located in Tampa, Florida


What is AARP’s life insurance address?

New York Life Insurance Company
P.O. Box 30712
Tampa, FL 33630-3712


Where can I find AARP life insurance reviews?

Read AARP life insurance reviews here.


Where can I find AARP life insurance reviews BBB?

Check AARP life insurance BBB reviews here.


How to get an AARP life insurance quote?

You can get an AARP life insurance quote by going to their website or clicking the link here.


How to process AARP life insurance online payment?

AARP allows you to make payments online. Login to pay.


How can I access the AARP life insurance claim form?
The fastest way to report a life insurance claim is to complete the online claims form and submit by mail or fax. You can also call (800) 695-5165.


Where can I check the AARP life insurance commercial?

Check AARP New York Life insurance commercials here.


Where can I check AARP life insurance complaints?

Check AARP life insurance complaints here.


AARP LIFE INSURANCE PRODUCTS

What is AARP insurance?

AARP offers various life insurance products to seniors across the nation. These burial insurance plans are commonly referred to as the AARP Life Insurance Program from New York Life.


What type of life insurance does AARP offer?

AARP offers three types of life insurance products:

  • Level term life insurance
  • Permanent life insurance
  • Guaranteed acceptance life insurance


What is AARP life insurance for seniors?

AARP life insurance for seniors is insurance policies underwritten by New York Life for AARP members. These policies are marketed as final expense insurance that can cover funeral, burial, and final expenses.

How old do you have to be for AARP life insurance?

You need to be 45 to 80 years old to be eligible for AARP life insurance.


What is AARP level benefit term life insurance?

AARP level benefit term life insurance is AARP’s flagship insurance product that is also marketed as burial insurance. The only thing level for this plan is the death benefit that never decreases. However, the premium increases every five years until the coverage ends at age 80.


What is AARP permanent life insurance?

AARP permanent life insurance is a whole life insurance that covers you for your entire life. The death benefit will never decrease and premiums never increase. It has first-day coverage and no waiting period.


What is AARP guaranteed acceptance life insurance?

AARP easy acceptance life insurance will never turn you down because of health issues. Acceptance is guaranteed. One downside to this plan is the two-year waiting period. If you die from a natural cause during the waiting period, your beneficiary will only receive 125% of the amount you paid.


What age does AARP term life insurance end?

AARP level term insurance ends at age 80.


What are the pros and cons of AARP insurance?

AARP Level Term Insurance

Pros:

  • Provides $10,000 up to $100,000 in protection
  • Coverage for people age 50-74
  • No medical exam (acceptance is based on answers to a few health questions)
  • No criminal record review
  • You won’t be penalized for smoking or chewing tobacco

Cons:

  • Higher monthly premium
  • Competitors will charge less for a fixed premium
  • Premiums increase every five years
  • The policy expires after age 80th


AARP Permanent Life Insurance

Pros:

  • Up to $50,000 in protection
  • Rates that never increase
  • Immediate coverage – no waiting period

Cons:

  • AARP monthly membership fees required
  • Premium is expensive compared with other insurance companies


Guaranteed Acceptance Life Insurance

Pros:

  • Provides up to $25,000 in protection
  • Lifetime protection
  • Guaranteed acceptance (you can’t be turned down)
  • No health questions

Cons:

  • Limited benefit for the first two years (waiting period)
  • Includes extra mortality risk charge


How much life insurance can you get with AARP?

Level term life insurance – up to a maximum of $100,000

Permanent life insurance – up to $50,000

Guaranteed acceptance life insurance – up to $25,000


What is a better AARP term or whole life?

AARP permanent whole life insurance is better for burial insurance because this plan never expires and it will still be active when you need it the most.


Can AARP save you money on life insurance?

AARP insurance by New York Life is overpriced. You can save more money by going with other insurance companies offering the same products.


AARP PRICING

What does AARP life insurance cost?

AARP life insurance cost varies by the type of policies, amount of coverage, age, gender, and tobacco use.


How much does whole life insurance cost for seniors?

Here’s a copy of AARP permanent life insurance pricing:

FEMALE AGE
$5,000
$10,000
$25,000
50
$13.00
$25.00
$60.00
55
$16.00
$30.00
$73.00
60 $19.00
$37.00
$89.00
65 $23.00
$45.00
$109.00
70 $32.00
$63.00
$155.00
75 $41.00
$81.00
$201.00
80 $51.00
$100.00
$248.00
MALE AGE
$5,000
$10,000
$25,000
50
$17.00
$33.00
$79.00
55
$21.00
$41.00
$100.00
60 $25.00
$48.00
$118.00
65 $31.00
$61.00
$150.00
70 $40.00
$79.00
$195.00
75 $50.00
$98.00
$242.00
80 $62.00
$123.00
$306.00


AARP ELIGIBILITY

Do you need a medical exam to qualify for AARP life insurance?

No, you don’t need to take a medical exam to qualify for AARP


Does AARP ask health questions?

AARP level term life insurance and permanent life insurance both ask health questions as part of their application process.


AARP WAITING PERIOD

Does AARP guaranteed acceptance policy have a waiting period?

Yes, AARP’s easy acceptance or guaranteed acceptance plan has a two-year waiting period. You need to live the first two years before your policy will be active and cover you for the natural cause of death.


What happens if you die during the AARP waiting period?

AARP will pay your full death benefit if you die from an accident even during the two-year waiting period. However, if you die from natural causes during the waiting period, your beneficiary will only receive 125% of all the premiums you paid.


AARP BENEFITS

What kind of AARP life insurance has cash value?

AARP permanent life insurance and guaranteed acceptance life insurance are whole life insurance policies that accumulate cash value over the years.


Does AARP permanent life insurance have cash value?

Yes, AARP permanent life insurance accumulates cash value.


Does AARP guaranteed acceptance policy accumulate cash value?

Yes, AARP guaranteed acceptance plan accumulates cash value.


How to claim AARP life insurance?

The fastest way to make a claim is to complete the online claims form or submit the form by mail or fax. You can also call (800) 695-5165 for any questions or to file a claim by phone.


AARP LENGTH OF COVERAGE

When does AARP term life insurance end?

AARP level term insurance ends after age 80.


Does AARP guaranteed acceptance policy expire?

No, AARP easy acceptance plan never expires. It will be active your whole life.


AARP POLICY REPLACEMENT

How can I find a replacement for my AARP policy?

You can find a replacement for your AARP policy by working with an independent life insurance agent who can price shop for you and recommend the best insurance policy with the best price. Make sure your AARP policy is still active while looking for a replacement policy. When your replacement policy is already active you can cancel your AARP insurance by calling the customer service hotline.


How do I cancel my AARP life insurance policy?

You can cancel your AARP life insurance by calling the customer service hotline (888) 687-2277.

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