- Up to $20,000 in life insurance coverage
- Permanent insurance a child or grandchild can keep for life
- Low childhood rates
- A child can never be singled out for a rate increase
- No medical exam
- Acceptance based on answers to three simple health questions*
- Simple application
Who is Eligible
AARP members ages 50 to 80 are eligible to purchase AARP Young Start coverage for their children or grandchildren up to 17 years old. If you aren’t yet an AARP member, click here to join now. To learn more about the benefits of AARP membership, click here.
This is permanent life insurance children can keep for their entire lives, regardless of their future health, jobs or hobbies. It’s a great way to start the children you love on the road to future financial security. Best of all, the price is affordable, so you can help protect the children you love.
Low Childhood Rates
The low childhood rates are shown in the chart below. Even when the children are adults, they will pay premiums based on low childhood rates. A child can never be singled out for a rate increase, even if coverage is kept for his or her entire lifetime.
*Florida Residents: Four health questions are required.
Premiums above are the rates New York Life currently charges for each child insured. Premiums are not guaranteed. However, rates may change only if they are changed for all others in the same class of insureds under this group/individual policy. For example, a class of insureds is a group of people with the same issue age and gender. If relevant statements of age or facts are not accurate, New York Life will make a fair adjustment of premiums and/or insurance. Residents of Florida: Michael Horan is a licensed Florida agent for service to Florida residents.
No Medical Exam
There is no physical examination or medical tests; acceptance is based on answers to three simple health questions for each child (Florida residents are required to answer four health questions).
Valuable Premium Waiver Feature
This coverage includes a valuable feature that guarantees uninterrupted coverage if you die while an insured child is under age 21. As long as coverage is in effect for two years prior to death, further premiums will be waived for each child until he or she turns 21. At that time, future premiums will become his or her responsibility.
The beneficiary will be the child’s parent, guardian or estate representative. At age 21, the child will become the owner and be able to change the beneficiary.
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 of any premium you paid.
If death results from suicide in the first two years, benefits will not be paid.1
It doesn’t take a lot of time or paperwork to apply for AARP Young Start. AARP members can apply by mail, quickly and easily. There’s absolutely no cost or obligation when you request information.
Get a Free Information Kit and
Enrollment Form by Mail »
‡A.M. Best, Fitch and Moody's Investors Service Highest Rating. Standard and Poor's Second-Highest Rating.
1 Missouri and North Dakota Residents: This suicide exclusion applies only for one year.