AARP Life Insurance Options


AARP offers a variety of insurance benefits to its members. One of these benefits is life insurance, which AARP provides through its partnership with New York Life. These life insurance options can be matched to several different situations. AARP offers plans for its members, their spouses, and their young family members.

Level Benefit Term Life Insurance

  • AARP offers a basic term insurance policy for its members. The policy face amounts range from $10,000 to $50,000. This plan can be purchased by AARP members ages 50 to 74 and their spouses, ages 45 to 74. Policyholders pay a monthly premium that increases as the they get older; policies expire when the owner turns 80. There is no medical exam to qualify for this life insurance, but the applicant must answer three health questions to be accepted in the plan.

Permanent Life Insurance

  • AARP also offers permanent life insurance. Like its term policies, the permanent policy face amounts range from $10,000 to $50,000; age requirements are also the same. Unlike term insurance, permanent life insurance is not designed to expire. The policy continues as long the owner keeps paying the annual premiums, which stay the same level for the entire life of the contract. There is no medical exam to qualify for this life insurance, but the applicant must answer several health questions to be accepted in this plan.

Guarenteed Acceptance Life Insurance

  • The third option that AARP offers is for applicants who do not meet the health qualifications of the other insurance options. This product is a guaranteed-acceptance permanent life insurance. No health questions are asked, and all applicants are given a policy. These policies offer smaller face amounts that range from $2,500 to $15,000. Monthly premiums are higher than the regular permanent insurance, due to an extra mortality risk charge. If policyholders die in the first two years of owning the policy, AARP pays a reduced benefit amount.

Young Start Life Insurance

  • The last AARP life insurance option is for the family of its members. AARP members can buy permanent life insurance on any of their children and grandchildren, ages 17 and under. Policy face amounts range from $5,000 to $20,000. Because they are permanent plans, these policies never expire and their monthly premiums do no rise. This lets policy owners take advantage of the low insurance rate for children. This product does not require a medical exam, but does require a few health questions to be answered for an applicant to qualify.

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