AARP members can get life insurance from New York Life Insurance Company, which offers both term and permanent group coverage. Members can apply for up to $150,000 of coverage to help with funeral costs, rent or mortgage payments, unpaid bills, and more. The program also offers permanent life insurance with up to $50,000 in coverage and guaranteed acceptance life insurance with up to $30,000 in coverage. Acceptance is based on health information and other details provided by the applicant, and no medical exam is required.
Characteristics | Values |
---|---|
Coverage | Up to $150,000 for term life insurance, $50,000 for permanent life insurance, and $30,000 for guaranteed acceptance life insurance |
Age Limit | Term life insurance coverage ends at age 80 |
Premium Increases | No premium increases for permanent life insurance and guaranteed acceptance life insurance |
Medical Exam | Not required for term life insurance |
Acceptance | Based on health information and other details provided for term life insurance and guaranteed acceptance life insurance |
Application | Instant quote and online or phone application available for term life insurance and guaranteed acceptance life insurance |
What You'll Learn
- AARP Term Life Insurance from New York Life offers up to $150,000 of coverage
- No medical exam is required for AARP Life Insurance
- AARP Life Insurance offers both term and permanent group coverage
- AARP Guaranteed Acceptance Life Insurance offers lifelong coverage of up to $30,000
- AARP Life Insurance is the only program developed exclusively for AARP members
AARP Term Life Insurance from New York Life offers up to $150,000 of coverage
AARP Term Life Insurance from New York Life offers members up to $150,000 of coverage to help with funeral costs, rent or mortgage payments, unpaid bills, and more. This coverage is available to members up to the age of 80, with lower initial rates that increase over time. Acceptance is based on the health information provided by the member or given with their permission. There is no medical exam required, but for most products, acceptance is based on health and other information.
AARP Term Life Insurance from New York Life is a valuable option for members seeking peace of mind and coverage tailored to their needs at this stage of life. The program offers both term and permanent group coverage options, with permanent life insurance providing up to $50,000 in whole life protection. This permanent coverage option guarantees rates that never increase and acceptance based on health information and other details.
Additionally, AARP members can benefit from the convenience of managing their policies online. They can access their accounts to make payments, upload documents, manage beneficiaries, and more. The online platform also allows members to obtain instant quotes and apply for coverage either online or by phone.
It is important to note that specific products, features, and eligibility may vary by state, and online or phone applications may not be available in all states. The AARP Life Insurance Program is underwritten by the New York Life Insurance Company, and AARP membership is required for program eligibility.
AAA Life Insurance: Is It Worth the Hype?
You may want to see also
No medical exam is required for AARP Life Insurance
AARP Life Insurance from New York Life is the only life insurance program exclusively for AARP members. It offers valuable coverage from a trusted provider, giving you added peace of mind. The best part? No medical exam is required for AARP Life Insurance.
The program offers both term and permanent group coverage options. For term life insurance, members can choose coverage ranging from $10,000 to $150,000 to help with funeral costs, rent or mortgage payments, unpaid bills, and more. The application process is simple and convenient, with no medical exam necessary. Approval is based on your health and other information, and you can easily apply online or by phone.
Similarly, for permanent life insurance, AARP members can opt for whole life protection of up to $50,000 with guaranteed rates that never increase. Again, there is no need for a medical exam, and acceptance is based on your health and other details. The convenience of the application process and the absence of a medical exam make this insurance option easily accessible to AARP members.
The AARP Life Insurance Program from New York Life is a trusted choice, with the company boasting the highest ratings for financial strength from leading independent rating services like A.M. Best, Fitch, and Moody's Investors Service. This endorsement ensures that you are getting valuable coverage from a reliable and reputable source.
With the AARP Life Insurance Program, you can rest assured that you and your loved ones have the protection you need, without the hassle of undergoing a medical exam. It's a convenient and straightforward way to gain peace of mind for the future.
MetLife Group Insurance: Marijuana Testing and You
You may want to see also
AARP Life Insurance offers both term and permanent group coverage
AARP Life Insurance offers a range of coverage options tailored to its members' needs. The program is endorsed by AARP and is the only life insurance program developed exclusively for AARP members.
AARP Life Insurance from New York Life offers both term and permanent group coverage. Members can apply for up to $150,000 of coverage to help with funeral costs, rent or mortgage payments, unpaid bills, and more. The term life insurance coverage lasts until age 80, with lower initial rates that increase over time. Acceptance is based on health information provided by the applicant or obtained with their permission. There is no medical exam required, just a health questionnaire and other information.
AARP also offers permanent life insurance, providing up to $50,000 in whole life protection that lasts the entire life of the insured. Rates for this coverage option never increase for any reason, and acceptance is based on health information and other details.
Additionally, AARP offers guaranteed acceptance life insurance, which provides up to $30,000 in protection with limited benefits for the first two years. This option features guaranteed rates that never increase and does not require a medical exam or health questions.
AARP members can get an instant quote and apply for coverage online or by phone. The program provides valuable coverage from a trusted name, offering peace of mind to its members.
Sleep Apnea: Impact on Life Insurance Policies
You may want to see also
AARP Guaranteed Acceptance Life Insurance offers lifelong coverage of up to $30,000
AARP Guaranteed Acceptance Life Insurance from New York Life offers lifelong coverage of up to $30,000. This plan is exclusively for AARP members and their spouses/partners. The plan guarantees acceptance and rates that will never increase. There is no medical exam or health questions required for this plan, only limited benefits in the first two years.
The AARP Guaranteed Acceptance Life Insurance plan can help your loved ones with funeral costs, rent or mortgage payments, unpaid bills, and more. It is a permanent group insurance plan that you can keep your entire life.
The AARP Life Insurance Program from New York Life is the only life insurance program developed exclusively for AARP members. It offers both term and permanent group coverage. For most products, acceptance is based on your health and other information.
AARP members can get an instant quote and apply online or by phone.
Florida Government Workers: Lifetime Health Insurance Benefits?
You may want to see also
AARP Life Insurance is the only program developed exclusively for AARP members
AARP Life Insurance, offered by New York Life Insurance Company, is the only life insurance program developed exclusively for AARP members. This program offers valuable coverage from a trusted provider, giving AARP members added peace of mind.
The AARP Life Insurance Program provides a range of coverage options, including term life insurance, permanent life insurance, and guaranteed acceptance life insurance. AARP members can apply for up to $150,000 in term life insurance coverage, which can help with funeral costs, rent or mortgage payments, unpaid bills, and more. The permanent life insurance option offers up to $50,000 in whole life protection with the benefit of fixed rates. Meanwhile, the guaranteed acceptance life insurance plan offers up to $30,000 in lifelong coverage with no medical exam or health questions required.
One of the standout features of the AARP Life Insurance Program is its accessibility. Members can apply for coverage without undergoing a physical exam, as acceptance is primarily based on health information and other provided details. This convenience is further enhanced by the option to manage policies online, allowing members to access their accounts to make payments, upload documents, manage beneficiaries, and more.
The program also offers flexibility in terms of payment. While rates for the permanent life insurance plan are fixed, the term life insurance option provides lower initial rates that increase over time. This flexibility allows members to choose a plan that aligns with their financial situation and long-term goals.
By partnering with New York Life Insurance Company, AARP has created a comprehensive life insurance program tailored to meet the diverse needs of its members. With coverage options, accessibility, and competitive rates, AARP Life Insurance provides members with the security and peace of mind they deserve.
Canceling Americo Life Insurance: A Step-by-Step Guide
You may want to see also
Frequently asked questions
The AARP Life Insurance Program from New York Life Insurance Company is the only life insurance program developed exclusively for AARP members. It offers members both term and permanent group coverage of up to $150,000, which can last until the age of 80.
AARP members can benefit from no physical exam being required, with acceptance based on health and other information. The rates for the term life insurance coverage are initially lower and increase over time. Permanent life insurance coverage offers rates that never increase for any reason.
AARP members can get an instant quote and apply online or by phone by calling New York Life at 1-800-865-7927.