If you’re looking for life insurance, AARP is a great option to consider. Founded in 1958, AARP has been providing members with access to quality health care and financial products for more than 60 years. And when it comes to their life insurance products, AARP offers some of the most competitive rates and plans around. But does AARP offer term life insurance? In this blog post, we’ll explore the different types of life insurance available through AARP and how term life fits into the picture.
What is AARP?
AARP is a membership organization for people ages 50 and over. It offers a variety of benefits, including discounts on insurance, travel, and other services. AARP also offers term life insurance to its members.
What are the benefits of AARP membership?
AARP membership comes with a number of benefits, including access to exclusive discounts, a subscription to the AARP Magazine, and member-only content on the AARP website. Additionally, members can take advantage of the AARP Driver Safety Program, which offers online and in-person courses to help members stay safe on the road.
Does AARP offer term life insurance?
AARP offers term life insurance through a partnership with New York Life Insurance Company. This life insurance policy is available to members who are between the ages of 50 and 74. The death benefit of this policy ranges from $10,000 to $100,000, and the premiums are based on the age and health of the insured. AARP also offers a level premium term life insurance policy, which means that the premiums will not increase as the insured ages.
How much does AARP term life insurance cost?
The cost of AARP term life insurance varies depending on a number of factors, including the length of the policy term, the amount of coverage, and the age and health of the applicant. However, in general, AARP term life insurance rates are very competitive when compared to other insurers. For example, a 30-year-old male non-smoker in good health can expect to pay approximately $29 per month for a 20-year term life policy with a $250,000 death benefit from AARP.* Rates will differ based on individual circumstances.
How does AARP compare to other life insurance companies?
AARP is one of the most popular life insurance companies in the United States. But how does it compare to other providers?
When it comes to life insurance, AARP offers a variety of options that are competitive with other companies. It has both term and whole life policies available, as well as Universal Life plans. You can get coverage for as little as $5,000 or up to $1 million.
AARP also provides some unique benefits, such as the option to convert your policy to a long-term care policy later in life. This can be a valuable benefit if you eventually need assistance with daily living activities.
Another thing to consider is that AARP is a mutual company, which means it is owned by its policyholders. This structure gives AARP an incentive to provide excellent customer service and keep its customers happy.
Overall, AARP is a solid choice for life insurance coverage. It has competitive rates and unique benefits that make it worth considering.
Conclusion
In conclusion, AARP does offer term life insurance for those over the age of 50. This type of life insurance can be a great option for older adults to ensure that their financial obligations are taken care of in case of an unexpected death. The amount and duration of coverage vary depending on individual needs, but overall this is an affordable and straightforward option for many seniors who want additional protection.