AARP Permanent Life Insurance With Living Benefits
from New York Life
AARP Permanent Life Insurance With Living Benefits from New York Life
Plus get a free information kit† by mail
AARP Permanent Life with Living Benefits from New York Life is a whole life product with rates that never increase, and coverage that can last for life. The Living Benefit is a feature that gives you the option to receive half of your life insurance proceeds while you are still living if you are certified with a chronic condition. To qualify, you must be unable to perform 2 of 6 activities of daily living or have a cognitive impairment requiring substantial supervision.*
If you qualify, you’ll have the option to receive half of your life insurance proceeds. For example, if you have $50,000 of coverage, you could receive $25,000 while you are alive.
You can get the money in one lump sum and can use it however you wish—to pay for medical and household expenses, in-home care, home modifications, or any other way you like.
You will still be protected for life for the other half of your benefit amount. Your future premium payments will be lowered, based on the benefit amount left.
If you never end up needing half the benefit amount while you’re living, then that means that your beneficiaries are protected for your full benefit amount. So if you have $50,000 of coverage and never use the Living Benefit, your beneficiaries will receive the full $50,000 as long as you make your payments when due and did not make material misrepresentations about your health on your application.
Yes. You do not need to be an AARP member to get a free quote in seconds. Membership is required for coverage, and you can quickly and easily apply online for life insurance from New York Life and join AARP at the same time.
Choose up to $100,000 in group protection that can help pay costs associated with future chronic care expenses.
Easily apply online in minutes. No medical exam, just health and other information.
Help your loved ones with funeral costs, rent or mortgage payments, unpaid bills and more.
Not an AARP member? No problem! We’ll tell you how to join.
Ratings as of 9/30/25. New York Life Insurance Company has the highest ratings for financial strength currently awarded to any U.S. life insurer from the leading independent rating services: A.M. Best and Fitch’s Highest Rating, and Moody’s Investors Service and Standard & Poor’s Second-Highest Rating.
Call New York Life's Customer Experience Team (800) 247-2055
Monday to Friday: 8 a.m. to 8 p.m. (ET)
Product not available in all states. Online application not available in all states. Available to AARP members ages 50-80 and their spouses/partners ages 45-80. For other amounts or higher coverage options call New York Life at 1-800-607-6957.
†Includes details on costs, eligibility, renewability, limitations and exclusions.
This is a life insurance product that has a feature for a one-time accelerated payment of the face amount in the event that you are certified as either chronically or terminally ill.
Living Benefit: Please note that receipt of “living benefit” (accelerated benefit) insurance proceeds may affect your eligibility for public assistance programs. Proceeds may be taxable. You may wish to consult your financial adviser and/or attorney to determine how this may affect your personal situation. Premiums will be lower when the benefit amount decreases by one-half.
*To receive payments for the chronic care acceleration benefit, you must have a permanent chronic illness for at least 90 consecutive days that leaves you unable to perform two of six activities of daily living without substantial assistance (bathing, dressing, eating, continence, toileting, and transferring) or with a permanent, severe cognitive impairment requiring substantial supervision. Before a claim is approved, New York Life requires proof of a chronic illness as described in the Certificate.
The licensed life insurance agent is D. N. Ogle (Arkansas #17009138, California #0L37586).
The AARP Life Insurance Program is underwritten by New York Life Insurance Company, New York, NY 10010 (NAIC #66915). AARP membership is required for Program eligibility. Specific products, features and/or gifts not available in all states or countries. New York Life Insurance Company is licensed in all 50 states. There are other products available under the Program that have different costs, benefit amounts, coverage lengths, underwriting, and other features like chronic illness acceleration. Click here or call for details. (Group policy forms AA-66, AA-74, AA-80, AA-81, and AA-83 issued in the District of Columbia).
New York Life pays royalty fees to AARP for the use of its intellectual property. These fees are used for the general purposes of AARP. AARP and its affiliates are not insurers and do not employ or endorse agents, producers, or brokers. AARP has established the AARP Life Insurance Trust to hold group life insurance policies for the benefit of AARP members.
Complete terms and conditions are set forth in the group policy issued by New York Life to the Trustee of the AARP Life Insurance Trust.
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