AARP Life Insurance

AARP Life Insurance is designed as an insurance plan for seniors that can be used until the age of 80. It does not end after a term insurance because it is regarded as permanent characteristics of insurance plan for elderly coverage. This affordable coverage offers valuable group life insurance and it is designed exclusively for AARP members between ages 50-80. AARP Life Insurance presents an easy way to help loved ones cater for the medical cost, funeral expenses, and other bills seniors may leave behind. It is important to understand that acceptance is strictly based on health information, as no physical examination is required. This program offers members both term and permanent coverage.

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Frequently Asked Questions ( 10 )   Add a Question

  1. How much does coverage cost?
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    Seniors can enroll in AARP Life Insurance with their spouse or partner for just $16 per year. This can be done on the same form used to apply for AARP Level Benefit Term Life Insurance. Remember that this life insurance program is available exclusively to AARP members.

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  2. How much life insurance is obtainable?
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    The amount of insurance chosen depends on who - and what - it is provided for. So, there is no one "right" answer on how much is obtainable. Adding up the cost of things to be provided for by this coverage is a good place to start. These might include things like any bills that may be left behind, or funeral costs.

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  3. Is it possible to obtain more coverage on an existing life insurance?
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    AARP Life Insurance could be a smart choice to obtain more coverage for those who have insurance that appeared to be much in times past but now seems to be less adequate. Also, if seniors are not sure they have enough to take care of the people they care about, they can consider getting more coverage.

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  4. How long will this insurance last?
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    This insurance can be kept until age 80, as long as premiums are paid in due course and there are no material misrepresentations about medical history on the Enrollment Form. Putting all these into consideration, the insurance can be kept for that long.

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  5. Can these premiums be waived in any circumstances?
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    Yes, payments can be waived but this can only be ordered by a doctor after 180 consecutive days of a nursing home confinement. Under the supervision of a licensed physician, the nursing home must be actively engaged in providing seniors with skilled nursing care. No further payment will be required no matter how long the stay lasts and the coverage will continue in full.

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  6. What about those who are not AARP Members?
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    This coverage is only made available for registered AARP members and their partners or spouses. To be eligible for this life insurance, there is need to join AARP. Becoming an AARP member does not require a rigorous process, in as much as the individual is 50 years old or above.

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  7. What isn't covered?
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    This insurance program covers virtually every aspect, however, there is an exemption. Benefits will not be paid to any AARP member who dies as a result of suicide within the first two years. Specific state rules also apply in certain states.

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  8. What about the "accelerated death benefit"?
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    Seniors may access half of their benefit amount if they are diagnosed with a terminal illness and given life expectancy of 12 or 24 months (as the case may be). This will be paid directly to them to be used in any way they choose.

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  9. How can this coverage affect one's personal situation?
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    It is best to consult an attorney or financial adviser so as to be able to determine how this may affect an individual's personal situation. It is important to note that when there is a decrease by one-half in the benefit amount, premiums will also be lowered.

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  10. How can I get started?
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    For an application and complete information on how to apply, it is recommended for anyone who is 50 years old or above to request for an AARP Life Insurance free information kit. It comes with a 30-day free look guaranty and so this AARP-endorsed coverage is generally not associated with any risk.

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