About AARP Life Insurance Plans

Series Summary

Insurance is a form of risk management that is often overlooked until it is needed due to an accident or unfortunate incident. There are many different types of insurance, including health insurance, life insurance, car insurance and long- and short-term disability. While paying the monthly or semi-annual premiums is a pain and a financial burden for many people, the piece of mind and potential benefits are extremely necessary for anyone who can afford insurance. In this free video series on insurance, a licensed insurance representative explains life, health and disability insurance. Find out about different types of life insurance and how to get life insurance for a spouse. Learn about qualifying for short-term, long-term or permanent-disability insurance. Get information on types of health insurance and health insurance companies. Protect yourself against financial downfalls with information on insurance from these free videos.

Video Transcript

"This is John Pinelli, financial representative, talking to you today about AARP Life Insurance. The American Association for Retired Persons, The AARP, offers life insurance plans which can be purchased thorough their website. The advantage to going through their website is it's easy to purchase. Most people are able to qualify for these plans, and and many times they offer a quote unquote "guaranteed acceptance." Now, that this doesn't mean that everyone who applies will be guaranteed coverage, but most people who do apply are able to obtain coverage. These plans are designed for senior citizens, people over the age of fifty typically, who would be able to gain membership to the AARP. These life insurance plans are offered at a discount rate through New York Life, a very reputable life insurance company that's been around a hundred and fifty one years. Some of the disadvantages potentially with these plans are that they offer a limited amount of coverage, ranging typically between two thousand to fifty thousand dollars, mainly to cover things like burials, funeral expenses, etc. They're not aimed at providing any sort of income replacement, or providing any future money for for families. These plans are very cheap, but the support and the ease of communication between the individual purchasing the plan and The AARP can be at a gap, because these plans are offered at a discount rate through an online service. So, this has been John Pinelli, talking to you today about AARP Life Insurance plans."