You probably landed on our website because you are curious whether AARP life insurance rates are affordable for seniors.
If you are looking at coverage for yourself or your elderly parents, we have provided helpful tips for evaluating AARP Life insurance coverage.
In our AARP Life Insurance Review, we will assess each of their plans compared to purchasing individual coverage from our independent agency.
quick link navigation
AARP New York Life Insurance
AARP is a large organization boasting over 38 million members ages 50 and over. They opened for business in 1958 and now have offices in all 50 states.
Many people are surprised to learn that AARP is only a marketing organization, not a life insurance company.
A life insurance agent initially set up the organization as a strategic way to market affordable life insurance to seniors.
You must be an active member to get an AARP life insurance quote.
The New York Life group division underwrites AARP policies, and rates are significantly higher than NYL policies sold by their agents in the open market.
New York Life is a well-known carrier with an A++ (Superior) financial strength rating from A.M. Best.
We will highlight the key features and provide sample rates for the four AARP life insurance programs.
AARP Life Insurance Programs
- AARP Level Benefit Term Life
- AARP Whole Life
- AARP Guaranteed Acceptance Life
AARP Young Start Program
AARP Term Life Insurance
The official name of New York Life’s term insurance plan is AARP Level Benefit Term Life.
level benefit term life key features
- With AARP term life, no medical exam is required
- Your acceptance is based on several general health questions
- AARP level benefit term life insurance is expensive
- The AARP life insurance payments will go up in cost every five years
- The maximum coverage amount is $100,000
- The policy can be issued between the ages of 50-75
- The AARP death benefits remain the same, with coverage ending at age 80
- The policy can be converted into a permanent life insurance policy
So, are AARP life insurance rates for seniors a good deal?
We usually do not recommend AARP term life insurance for seniors unless they have a pre-existing medical condition.
Mainly because their term premiums are high and will continue to increase as you age.
The rates are determined by which five-year age bracket you fall into, and the rates increase significantly each time you enter a new age bracket.
Another negative feature to consider when considering AARP term coverage is that your policy ends when you turn 80.
So, senior citizens living even an average life expectancy will outlive their coverage.
What should you do?
People needing longer-term lengths are encouraged to read our article about buying term life insurance for seniors.
Next, compare AARP term life insurance rates vs. our term insurance!
Compare AARP Term Life Insurance Rates
- Select Duration
- Select Amount
- Press Get Quote
Now that you have calculated your rates using our calculator, please take a minute to compare your findings with the average AARP term life insurance quotes listed below.
Please take notice of the increasing rate schedule listed in the AARP term life insurance rates chart.
Your rates will increase significantly as you enter each new age bracket during your lifetime.
AARP Term Life Insurance Rate Chart
| Ages | $50,000 |
| 50-54 | $51 |
| 55-59 | $75 |
| 60-64 | $109 |
| 65-69 | $144 |
| 70-74 | $208 |
*Monthly sample of AARP term life insurance no medical exam required
AARP Whole Life Insurance
Want to know more about whole life insurance through AARP?
No problem!
AARP Whole Life insurance
- With AARP whole life insurance, no medical exam is needed
- Your acceptance is based on several general health questions
- AARP whole-life rates are costly
- The maximum coverage amount is $50,000
- This whole life policy does build cash values
- The policy can be issued from ages 50-80
- The A A R P life insurance payments will stay level and end at age 95
- The AARP death benefits will always remain the same
- A good plan for seniors in average health
Whole life insurance policies with no medical exam required are generally expensive.
AARP whole life insurance is mainly for senior citizens seeking funds to cover funeral expenses and pay minor debts.
AARP permanent life insurance coverage also builds cash value over time. This cash value can be borrowed when you have a sudden emergency expense.
So, the A A R P whole life insurance is not the cheapest life insurance for seniors. However, it can be a good option if you have any prior medical conditions.
Here are sample AARP whole life insurance rates by age:
AARP Whole Life Insurance Rate Chart
| Ages | $50,000 |
| 50-54 | $162 |
| 55-59 | $188 |
| 60-64 | $230 |
| 65-69 | $287 |
| 70-74 | $367 |
* Monthly sample of AARP whole life insurance rates
AARP Guaranteed Acceptance Life
AARP Guaranteed Acceptance LifeWhat is guaranteed acceptance of life insurance?
The main difference with the AARP final expense insurance is when the policy benefits start.
If you die during the first two years of coverage, your beneficiary will not receive the full death benefit.
Instead, your beneficiary will receive 125% of the premiums you paid until your death.
AARP Guaranteed Acceptance Life
- You can qualify for AARP guaranteed acceptance life insurance with no medical exam or health questions asked
- This New York Life insurance policy is costly
- The maximum coverage is only $25,000
- This whole life policy does build cash values
- The A A R P life insurance payments will remain level and end at 95
- Graded death benefit, which limits payouts during the first two policy years
- The AARP death benefits will always remain the same
- Ideal if you need life insurance for parents in poor health to cover final expenses
So, the A A R P guaranteed acceptance whole life insurance is not the cheapest for seniors!
We have found several policies which offer more affordable premiums to seniors with more severe health issues.
You can usually find affordable guaranteed acceptance policies at companies such as Mutual of Omaha, Gerber Life, and AIG.
AARP Guaranteed Acceptance Life Rates
| Age 50 | $5k | $10k | $15k |
| Men | $273 | $533 | $794 |
| Women | $229 | $446 | $664 |
*Annual sample of AARP guaranteed acceptance life insurance
AARP Young Start Program
AARP Young Start ProgramThe young start plan is a whole life insurance plan designed only for children.
AARP Young Start Program
- Your child or grandchild’s acceptance is based on several general health questions with no medical exam required
- There are three levels of coverage $10,000, $15,000, and $20,000
- The policy can be issued from ages 1 to 18
- The A A R P premiums and death benefits do not change
- This whole life policy also builds cash values
AARP’s Young Start Program is a good value if you need a small policy for a younger family member.
This policy helps parents with funeral costs associated with a child dying early.
AARP’s Young Start Program allows adults to purchase affordable whole-life insurance coverage for a child or grandchild.
The premium payments will remain level for as long as the policy remains active.
During this time, the policy’s cash value will grow and can be withdrawn if your child ever needs money.
AARP Young Start Program Rates
| Premium | Benefit |
| $5 | $10,000 |
| $7.5 | $15,000 |
| $10 | $20,000 |
*AARP young start program monthly rates
Comparing AARP Life Insurance Rates
Comparing AARP Life Insurance Rates Before you consider buying through the AARP life insurance program, we strongly suggest you take the time to do some comparison shopping!
If you are a senior looking for life insurance, your health is the most crucial factor to consider when applying for coverage.
Obtaining coverage with a policy in the open market will be much cheaper if you are in average health or better.
Some of our policies will require a brief medical examination to qualify for coverage but offer substantial cost savings in return for your good health.
⊕
Buying Tip:
- First, you will need to obtain both the AARP term and AARP permanent life insurance rates.
- You can do this by using the AARP life insurance login on their website or by calling the AARP life insurance phone number.
- Then, read the term and whole life details below to determine which type of insurance best suits your unique needs.
- Finally, compare our term or whole life insurance rates using our life insurance calculator.
Term Life Insurance for Seniors
It is crucial to have a premium that fits your budget over the future life of your policy.
AARP term life insurance rates will increase every five years and become extremely expensive after only a few years.
If you look at the AARP term life insurance rate chart, you can see that the rates for coverage are costly!
On the other hand, our term plans from great companies like Transamerica, Lincoln Financial, and Banner Life offer guaranteed level premiums for 10, 20, or even 30 years.
You can also select a more significant death benefit with the ability to convert term coverage to permanent life insurance in the future.
This can make it challenging to obtain a true “apples to apples” comparison between AARP term life insurance quotes versus our life insurance prices.
Remember, our insurance companies allow you to lock in your premiums for extended periods and are much cheaper than AARP term life insurance rates.
Permanent Insurance for Seniors
Permanent Insurance for SeniorsThere are cheaper alternatives to AARP life insurance for seniors if you only want a small universal or whole policy to pay final expenses.
So, what is a cheaper alternative compared to AARP’s whole life insurance?
The answer is guaranteed universal life insurance!
Universal life insurance offers cash values, guaranteed premiums, and death benefits that will last your entire lifetime.
Your coverage will remain in force if you continue to pay the no-lapse guarantee premium.
Guaranteed universal life insurance is an excellent option for seniors wanting lifetime benefits at a much cheaper cost than whole life.Most individual universal life insurance policies start at a $25,000 death benefit and can be customized to your needs and budget.
The best life insurance companies for healthy seniors needing cheap lifetime protection are American National, Pacific Life, Penn Mutual, and Protective Life.
Do you have a few health issues and need coverage right away?
Then, a simple issue whole life policy could be an easy way to obtain the coverage you need in just a few days!
If you want a burial insurance policy with no waiting period and no medical exam required, you only need to be in average health to qualify for coverage.
Plus, these simple issue policies are inexpensive compared to AARP’s whole life, with death benefits starting at only $5,000.
You can quickly compare AARP life insurance quotes to our quality independent life companies in minutes!
Compare AARP Whole Life Insurance Rates
- Select Lifetime
- Select Amount
- Press Get Quote
What does universal life insurance cost seniors on a $25,000 and a $50,000 whole life policy?
Here are our sample universal or whole life insurance rates for seniors over 70, with coverage lasting until age 100.
Universal Life Insurance Rates by Age
| Age | $25k | $50k |
| 70 | $84 | $164 |
| 71 | $90 | $174 |
| 72 | $94 | $183 |
| 73 | $101 | $195 |
| 74 | $106 | $207 |
| 75 | $112 | $220 |
| 76 | $119 | $233 |
| 77 | $128 | $251 |
| 78 | $137 | $270 |
| 79 | $147 | $290 |
| 80 | $160 | $316 |
*Monthly rates for non-smoking males with coverage until age 100.
AARP Life Insurance Reviews
It is good to know that New York Life has an A++ (Superior) financial strength and claims-paying ability rating from A.M. Best.
New York Life insurance reviews only a few medical questions and does not have applicants undergo a medical exam to qualify for coverage.
New York Life’s simplified and lenient underwriting process has received many critical reviews on administering death benefits.
When you die, your beneficiary must file a claim to receive your policy’s death benefit.
This process gets complicated if you pass away during the first two years of coverage because New York Life can investigate and contest the circumstances of your death.
Since many of their policies are sold to senior citizens, some policyholders pass away during the initial two-year period.
If you research AARP life insurance reviews online, you will learn that many beneficiaries experience challenging investigations.
So, when applying for coverage, make sure to answer all of the questions as honestly and thoroughly as possible.
We suggest giving your beneficiaries a copy of your policy, making it easier on your heirs when they eventually file a claim.
Your application details, including your answers to all the medical questions, are included in your policy.
Best Life Insurance Companies
Best Life Insurance CompaniesSince many carriers sell life insurance, finding which company can offer you the best term or permanent insurance policy is tricky.
We have streamlined shopping for life insurance and monitor a network of many of America’s top life insurance companies.
Before making any final decisions, you may also want to read two additional AARP insurance reviews from CBS News and Consumer Affairs.
Remember, your life insurance premiums will be based on your age, health, and the amount of coverage you need.
Here is a list of life insurance companies that offer the highest ratings from the Better Business Bureau, AM Best, and J.D. Power.
| COMPANY | BBB | AM Best | JD Power |
| AIG | A+ | A | 718 |
| AXA Equitable | A+ | A+ | 752 |
| Banner Life | A+ | A+ | N/A |
| Brighthouse | A+ | A+ | N/A |
| Guardian Life | A+ | A++ | 760 |
| John Hancock | A+ | A+ | 739 |
| Lincoln Financial | A+ | A+ | 744 |
| Mass Mutual | A+ | A++ | 780 |
| Metlife | B- | A+ | 780 |
| Mutual of Omaha | A+ | A+ | 766 |
| Nationwide | A+ | A+ | 806 |
| Pacific Life | A+ | A+ | N/A |
| Principal Financial | A+ | A+ | 774 |
| Protective | A+ | A+ | 742 |
| Prudential | A | A+ | 770 |
| SBLI | A+ | A+ | N/A |
| Transamerica | A+ | A+ | 720 |
Trending Life Insurance Reviews
-
Affordable Life USA is dedicated to providing comprehensive life insurance solutions to families and business owners throughout the United States.
For over thirty years, our agency has provided a platform for comparing hundreds of life insurance policies without the stress of high-pressure sales tactics.
Our experienced team of financial planners has helped thousands of clients obtain affordable coverage through our efficient online application process.
Our founder, Eric Van Haaften, expanded our consumer-centric sales model nationally by leveraging the influence of renowned publications such as Time, Newsweek, and The Wall Street Journal.
Eric acquired his love for quantitative analysis while getting his business degree from Ferris State University, which provided a solid foundation for his analytical approach to financial planning.
Eric Van Haaften, LUTCF
1-877-249-1358
