Search
Auto
Auto
Compare & Shop Auto Insurance
Compare Companies
Best car insurance companies of 2023
Best car insurance for teens
Best car insurance for speeding tickets
Best car insurance for texting tickets
Best car insurance for bad credit
Car insurance companies
Car Insurance Basics
Car insurance basics
How much is car insurance a month
Third party car insurance
Non owner car insurance
Auto insurance for seniors
Car insurance rates by state
State laws for teen drivers
Other Insurance Options
Most and least expensive trucks to insure
Rental car insurance
Rideshare insurance
Calculators & Tools
Monthly car insurance calculator
Full coverage car insurance calculator
Car insurance calculator for new cars
Used car insurance rate calculator
Blood alcohol calculator
Car insurance advisor
Life
Life
Compare & Shop Life Insurance
Compare Companies
Best life insurance companies of 2023
Largest life insurance companies
Online life insurance companies
Other life insurance companies
Life Insurance Basics
Life insurance basics
Types of life insurance
How to find out if someone has life insurance
How to read your life insurance policy
Cash value life insurance
Other Insurance options
Burial insurance
Mortgage protection insurance
Calculators & Tools
Life insurance calculator
Life insurance advisor
Health
Health
Compare & Shop Health Insurance
Compare Companies
Best health insurance companies of 2023
Best health insurance for college students
Health insurance companies
Health Insurance Basics
Health insurance basics
How does primary and secondary insurance work?
Who can you add to your health plan?
Understanding Health Insurance
How to deal with a health insurance gap
When to enroll in health insurance
Health insurance advisor
Guide to Health Insurance
Guide to short-term health insurance
Guide to COBRA insurance
How coordination of benefits works
Medicare
Medicare
Compare & Shop Medicare Insurance
Medicare Basics
What is a Medicare advantage plan?
What Medicare covers and what it doesn’t
How much does Medicare cost?
Medicare Eligibility
Who is eligible for Medicare?
How to sign up for Medicare
How do I sign up for Medicare when I turn 65?
Understanding Medicare
Medicare: How it works with other insurance
Do you have to pay back Medicaid
Key difference between Medicare and Medicaid
Medicare Benefits
Long-term care options in Medicare
Medicare advantage supplemental benefits
Medicare advantage open enrollment
Home
Home
Compare & Shop Home Insurance
Compare Companies
Best home insurance companies of 2023
Best home and auto insurance bundle companies
Home insurance companies
Home Insurance Basics
Home insurance basics
Average home insurance rates
Home insurance estimate by state
Cost of living by state
Home insurance claims
Other Insurance options
Renters insurance
Renters insurance estimate by state
Condo insurance
Mobile home insurance
Calculators & Tools
Cost of living calculator
Home replacement cost calculator
Search
Please enter search term.
Compare Quotes
Life Insurance
AARP Life Insurance
By
Insure.com
| 
Updated on
December 7, 2009
Why you can trust Insure.com
Quality Verified
At Insure.com, we are committed to providing honest and reliable information so that you can make the best financial decisions for you and your family. All of our content is written and reviewed by industry professionals and insurance experts. We maintain strict editorial independence from insurance companies to maintain our editorial integrity, so our recommendations are unbiased and are based on a comprehensive list of criteria.
Last updated July 27, 2009
About AARP
Founded in 2005, AARP Financial Inc. is a wholly owned taxable subsidiary of AARP, dedicated to helping people prepare for a more secure financial future by providing access to products and services designed to help people meet their retirement needs. It provides access to a carefully chosen array of proprietary investment products and services, including mutual funds and financial guidance. AARP Financial also manages provider relationships and performs quality control oversight for a wide-range of products that carry the AARP name and are made available as AARP member benefits, by independent providers. Founded in 1958, AARP is a nonprofit, nonpartisan membership organization that helps people 50 and over improve quality of life. AARP has grown to 40 million members and has offices in all 50 states, Puerto Rico, District of Columbia and the U.S. Virgin Islands.
Wiki Says
AARP, formerly known as the American Association of Retired Persons, is a United States-based non-governmental organization and interest group. AARP operates as a non-profit advocate for its members and as one of the most powerful lobbying groups in the United States. It also sells insurance, investment funds and other financial products. AARP claims over 35 million members, making it one of the largest membership organizations for people age 50 and over in the United States. Membership is expected to grow significantly as baby boomers age.
AARP Life Insurance Says
AARP offers term and permanent life insurance through the
New York Life Insurance Company
:
convertible insurance
allows the client to convert his policy to whole life at any time. No medical exam is required, but premiums may increase.
Term insurance allows the client sign on for a new term policy without a medical exam. Premiums may increase with age.
Level allows the client to pay the same annual premium for the length of the term and keeps the same benefits throughout.
Decreasing pays a benefit that decreases in value over time, but keeps premiums at the same level throughout the term.
Permanent life insurance policies from AARP include:
Whole life allows the client pay a fixed premium for a fixed benefit. It has a cash savings features that could provide a cash reserve.
Universal life adds some flexibility by allowing the client to change the amount of his benefit if his needs change. Some changes may require a medical exam.
Variable life invests premiums in the stock market, which may result in a larger cash reserve later on.
Variable-universal life combines the premium and benefit flexibility of universal life with the investment potential and risk of variable life.
Contact AARP Life at: The AARP Life Insurance Program from New York Life P.O. Box 30709 — Department WEB Tampa, FL 33633-0964 Telephone: (800) 865-7927
Sources: “AARP Financial Story”, AARP Financial Web site, 2009; “About AARP”, AARP Web site, 2009; “AARP”, Wikipedia Web site, July 16, 2009; “Life Insurance”, AARP Financial Web site, 2009
Related Articles
Life insurance articles
Related Articles
What is a contingent beneficiary?
By Desiree Ghazi
What is demutualization and what does it mean for policyholders?
By Laine Adley
Burial insurance: What it is and how it works
By Nupur Gambhir
What is a life insurance beneficiary?
By Laine Adley
Life insurance for women
By Huma Naeem
How to read your life insurance policy
By Shivani Gite