Learn more about life insurance products, managing your coverage andaccount, filing claims, and find answers to other common questions.
About AARP Level Benefit Term Life Insurance coverage
You can easily get started with an online quote. See your rate in seconds, andthen, depending on your state, you can apply online or request information to applyby mail.
No, you don’t have to see a doctor to take any medical tests. Your acceptance isbased on your answers to health questions and other information you provide orgive us permission to obtain.
No, there is no waiting period once your coverage takes effect.1
You can keep this insurance until age 80, provided premiums are paid when dueand your Enrollment Form contains no material misrepresentations about yourmedical history.
Yes. You can exchange your AARP Level Benefit Term Life Insurance for AARP Permanent Life Insurance when insurance ends at age 80 or anytime before that. The exchange privilege is guaranteed, and you will not berequired to take any medical tests or answer a single health question. Rates will bebased on your age at that time.
Yes. If you’re diagnosed with a terminal illness and given a life expectancy of 24 months or less (12 months or less for NY), you may access half of your benefit amount and use the money for whatever you need.2
There’s one exclusion. If death results from suicide in the first two years, benefitswill not be paid. (In Washington, Missouri and North Dakota, specific state rulesapply).3
A 30-day free look guaranteesyour satisfaction. There’s no risk with this AARP-endorsed coverage. You’ll receive a Certificate of Insurance when coverage isapproved. If you decide this coverage isn’t for you, for any reason, you can return itwithin 30 days and receive a refund of any premium paid.
Term life coverage can last for a set period of time and typically has initial rates thatincrease at set intervals. Typically, it does not build cash value. Permanent lifecoverage, also known as whole life insurance, can last your entire life and mayhave higher initial rates that do not usually increase as you get older. In mostcases, it builds cash value over time.
Learn more about life insurance coverage.
Cost and Payments
To see your current monthly rate, simply get a quote for AARP Level Benefit TermLife Insurance. As you age, your rates will increase as you enter each new five-yearage band.
Premiums will be waived after 180 consecutive days of a certain qualified nursinghome confinement ordered by your doctor. No matter how long your stay lasts,your coverage will continue in full with no further premium payments from you.
The nursing home must be primarily engaged in providing skilled nursing careunder the supervision of a licensed physician. Nursing home does not include ahome or facility used primarily for rest; for the care of drug addicts or alcoholics; forthe care and treatment of mental diseases or disorders; or for custodial care.Premiums will be waived until age 80 if you are in a nursing home. At that time, youcan exchange your coverage for permanent life insurance.
Life Insurance Considerations
There’s no one “right” answer. Everyone’s different. How much insurance youchoose depends on who — and what — you want to provide for. Adding up thecost of things you want this coverage to provide for is a good starting point. Thesemight include things like funeral costs, any bills you may leave behind, or livingexpenses during a period of transition.
Maybe. If you’re not sure you have enough to take care of the people you careabout, or if insurance that seemed like plenty in the past is looking less adequatetoday, AARP Level Benefit Term Life insurancefrom New York Life InsuranceCompany could be a smart choice to obtain more coverage.
Additional Information
Yes, New York Life Insurance Company offers the only life insurance endorsed by AARP and it is exclusively available to AARP members. In addition to this life insurance, we also offer AARP Long-Term Care Options from New York Life.
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Questions about your coverage?
Current customers can log in or create a new account to view coverage
details and manage their payments, beneficiaries, and more.
1 During the first two years, New York Life reserves the right to cancel your insurance if your Enrollment Form contains materialmisrepresentations about your medical history.
2 Living Benefit: Please note that receipt of “living benefit” (accelerated death benefit) insurance proceeds may affect your eligibility for public assistance programs. Proceeds may be taxable. You may wish to consult your financial adviser and/or attorney to determine how this may affect your personal situation. Premiums will be lower when the benefit amount decreases by one-half.
Florida and New York Residents: Please note that receipt of “accelerated benefit” insurance proceeds may affect your eligibility for public assistance programs. Proceeds may be taxable. You may wish to consult your financial adviser and/or attorney to determine how this may affect your personal situation. Premiums will be lower when the benefit amount decreases by one-half.
Texas residents: Death Benefits will be reduced if a “Living Benefit” is paid. The acceleration of life insurance benefits offered underthis certificate is intended to qualify for favorable tax treatment under the IRC of 1986. If these benefits qualify for favorable taxtreatment, the benefits are excludable from your income and not subject to taxation. You are advised to consult with a qualified taxadvisor about circ*mstances under which you could receive acceleration of life insurance benefits excludable from income under federallaw. Receipt of acceleration of life insurance benefits could also affect your and your family’s eligibility for public assistance programs(Medicaid, AFDC, SSI, or drug assistance). You are advised to consult with a qualified tax advisor and with social service agencies todetermine how receipt of these benefits will affect your eligibility for public assistance. Premiums will be lower when the benefit amountdecreases by one-half.
3 Missouri and North Dakota residents: The suicide exclusion applies only for one year.
