About AARP Life Insurance Plans

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AARP life insurance plans can be purchased through the AARP Web site, qualify most people for coverage and can be purchased at a discounted rate, but offer limited coverage. Consider an AARP life insurance plan to cover burial costs with advice from a licensed life and health insurance representative in this free video on insurance.

Part of the Video Series: Insurance Information
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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.


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