- Up to $50,000 in life insurance coverage
- No waiting period
- No medical exam
- Acceptance based on answers to three simple health questions
- Rates won’t increase just because you grow older
- Permanent insurance you can keep your entire life
- Simple application; most who apply are accepted
Who is Eligible
AARP members ages 50 to 80 and spouses ages 45 to 80 are eligible to apply. If you aren’t yet an AARP member, you can join AARP and apply for Permanent Life Insurance at the same time.1 To learn more about the benefits of AARP membership, click here.
No Medical Exam
There is no physical examination or medical tests; your acceptance is based on your answers to three simple health questions.
Lifetime Protection
This is permanent life insurance you can keep for your entire lifetime. That’s important if you want to be sure you remain covered, regardless of how long you live.
No Waiting Period
You are covered for the full benefit amount from the first day coverage takes effect. Once approved, you’ll have greater peace of mind knowing coverage lasts your lifetime.
Rates Won’t Increase Due to Age
or Health
Your premiums are based on your age when you apply, and will not increase simply because you grow older or your health changes.
Benefits Won’t Decrease
With this coverage, the benefit level will not fluctuate for as long as you're insured. As long as you pay premiums when they’re due and your Enrollment form contains no misrepresentations about your medical history.
30-Day Guarantee
You'll receive a Certificate of Insurance when coverage is approved. If you decide this coverage isn't for you, for any reason, you can return it within 30 days and receive a refund.
A Single Exclusion
There is just one exclusion. If death results from suicide in the first two years, benefits will not be paid.2 (In Washington, specific state rules apply.)
Paid-Up Feature
Your premium payments will end at age 95, but coverage will continue in full for the rest of your life.
Cash Value
Your coverage builds cash value over time that you can borrow against.
Accelerated Benefit
If you're diagnosed with a terminal illness and given a life expectancy of 12 months or less (24 months in Illinois, Texas, and Washington), you can access half your benefit amount.3 (Not available in Massachusetts.)
Waiver of Premium for Certain Qualified Nursing Home Confinements
Premiums will be waived after 180 consecutive days of a nursing home stay ordered by your doctor.4 Your coverage will continue without interruption, but no premium payment will be required for as long as you're confined.
Simple Application
It doesn't take a lot of time or paperwork to apply for AARP Permanent Life. AARP members can apply by mail or online (in most states). There's absolutely no cost or obligation when you request information.
Apply Online Now »
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1Oregon Residents: You must be an AARP member to request a free Information Kit and Enrollment Form by mail.
2Missouri and North Dakota Residents: The suicide exclusion applies only for one year.
3Please note that receipt of “living benefit” (accelerated death benefit) insurance proceeds may affect your eligibility for public assistance programs. Proceeds may be taxable. You may wish to consult your financial advisor and/or attorney to determine how this may affect your personal situation. Premiums will be lower when the benefit amount decreases by one-half.
Texas Residents: Death Benefits, Cash Values and Loan Values will be reduced if a ‘Living Benefit’ (accelerated death benefit) is paid. The acceleration of life insurance benefits offered under this certificate is intended to qualify for favorable tax treatment under the IRC of 1986. If these benefits qualify for favorable tax treatment, the benefits are excludable from your income and not subject to taxation. You are advised to consult with a qualified tax advisor about circumstances under which you could receive acceleration of life insurance benefits excludable from income under federal law. Receipt of acceleration of life insurance benefits could also affect you and your family’s eligibility for public assistance programs (Medicaid, AFDC, SSI, or drug assistance). You are advised to consult with a qualified tax advisor and with social service agencies to determine how receipt of these benefits will affect your eligibility for public assistance. Premiums will be lower when the benefit amount decreases by one-half.
4The nursing home must be primarily engaged in providing skilled nursing care under the supervision of a licensed physician. Nursing home does not include a home or facility used primarily for rest; for the care of drug addicts or alcoholics; for the care and treatment of mental diseases or disorders; or for custodial care.
The AARP Board of Directors is comprised of AARP members elected by other board members, not the general membership.
Privacy Notice:
Your privacy is important to New York Life Insurance Company. We maintain physical, electronic and procedural safeguards that meet state and federal laws. Information we collect, such as name and address, about individuals who request product information will be shared:
• With AARP and its subsidiaries to analyze members' needs and interests. AARP may use non-member information to seek memberships. AARP may share non-health information with other AARP service providers to inform you of member benefits and services that may be of interest. For residents of certain states, we will not share your information unless you permit us to do so. We will follow your state's privacy law if it differs from the policy described in this notice. To request a copy of our complete privacy notice or to request that your information not be shared, call 1-866-687-5160.
You have the right to access certain information we maintain in our files about you. You may request that we correct, amend or delete it. To receive a full description of these rights, write to us at the address on the Enrollment Form.