AARP Life Insurance Review

About AARP Life Insurance

AARP offers Life insurance through New York Life, which provides affordable Burial insurance and Final Expense insurance plans to its members. When you need a good senior life insurance policy with the right benefits, the AARP burial insurance plan may be your answer. Indeed, New York Life Insurance Company has designed a great senior life insurance plan, which will provide your surviving family an invaluable financial peace of mind, should you pass away unexpectedly.

Why Choose AARP Insurance?

AARP  insurance provides older individuals with a number of Final Expense life insurance policies to choose from like: Term, Permanent Life, and Guaranteed Whole Life Insurance

Some AARP insurance benefits and features include:

  • The applicant’s age should be between 25 and 85 years old
  • The flexible insurance coverage plan ranges between $3,000 to $50,000
  • The applicant does not have to take a medical examination to qualify.
  • The policyholder is entitled to extra benefits if they die due to an accidental death
  • Your premiums will not be subject to change due to age or health.
  • The AARP Burial insurance Plans are a great option for final expense insurance purposes.

It is always a good idea to compare AARP Final Expense Insurance with other top-rated Life insurance companies. We have many options on our website with the help of our Life Insurance Calculators.

 Learn More about the AARP Insurance Plans

Our future is unexpected, and we have no control over it. While we cannot predict it, we can protect ourselves against the unfortunate odds. Therefore, a sensible way to prepare for the future is to own an insurance plan. While your financial situation is stable, you have the strength to deal with an unforeseen situation. These types of Insurance products, maybe the right option for your situation. Let’s learn more about the 3 options AARP offers to its senior members:

Term Life Insurance

Term Life insurance is ideal for people between 50 and 74 years of age. When you purchase this insurance plan, you will not be required to undergo a medical examination. However, you will only be required to provide some of your health information to qualify for the coverage.
When you choose term life insurance, you can enjoy coverage of up to $100,000. If you are looking for low monthly premiums, AARP Term Life insurance is the ideal option for you. So, if you are making timely monthly premiums, your policy may remain in force until you reach 80 years of age or death.
However, It is very important to know that this type of Term Life insurance does not guarantee level premiums, and your monthly payment will increase every 5 years. This is one of the disadvantages of buying a group life insurance policy. For all these reasons, we do not recommend this protection to cover final expenses. Please refer to the AARP Term Life Insurance Rate Guide for more details.

AARP Life Insurance Rates for $20,000

(Male sample rates only. Rates are approximate)

Permanent Life Insurance

AARP burial insurance is a permanent Life Insurance Policy available to members between 50 and 80 years of age. To qualify for coverage, you only need to answer 3 health questions on the application. This type of whole Life Insurance is a convenient way to help surviving family members cover medical costs and pay for funeral expenses. Also, The cash value this type of policy accumulates, can be used to cover past due life insurance payments, or for emergencies.

However, please be aware that an AARP Final Expense Insurance (permanent Life Insurance) Policy does not guarantee level premiums and your monthly cost may increase in the near future. Furthermore, during the first two years, New York Life reserves the right to cancel your permanent life insurance policy if your application contains inaccurate information concerning your medical history. This is why it is so important to do a little research and select the right Final Expense Insurance plan that meets your needs and affordability.

Guaranteed Life Insurance

As with the permanent life insurance, a guaranteed insurance policy will last a lifetime with up to $20,000 in protection, but with a 2-year waiting. Also, there is no physical exam and the premiums do not go up over time. While there are no health questions, there is an extra mortality risk charge that is included. Comparing Guaranteed whole life rates is fairly easy, thanks to our Guaranteed Whole Life Calculator. We provide many top-rated guaranteed whole life plans with the best insurance companies. Simply type in the Amount of coverage you want, your Age, your State, and choose one of our products in order to get all the information and a free quote. Once you decide on which one to select, you can apply online and get approved in as fast as 48 hours!.

*Disclaimer: We do not represent AARP Insurance Products or its affiliates. This article is for informative purposes only.

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