- From $10,000 to $100,000 in life insurance coverage
- No waiting period
- No medical exam
- Acceptance based on your answers to three health questions and other information you provide or give us permission to obtain
- Affordable rates that increase over time
- Simple application; most who apply are accepted
- Higher coverage options also available. Call 1-800-865-7927
Who is Eligible
AARP members ages 50 to 74 and spouses ages 45 to 74 are eligible to apply for this group coverage. An online application may not be available in all states. If you aren't yet an AARP member, you can join AARP and apply for Level Benefit Term 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. Acceptance is based on your answers to three health questions and other information you provide or give us permission to obtain.
No Waiting Period
You are covered for the full benefit amount from the first day coverage takes effect. Once you are approved, you’ll have greater peace of mind knowing your family is protected.
Protection to Age 80
This insurance coverage can never be cancelled without your consent—regardless of your health. As long as you pay premiums when they're due and your Enrollment Form contains no misrepresentations about your medical history, you're covered to age 80.2
Guaranteed Exchange Privilege
At any time until insurance ends at age 80, you can exchange Level Benefit Term Life for permanent life insurance without a medical exam. Rates will be based on your age at that time.
You'll receive a Certificate of Insurance when coverage is approved. If you decide the coverage isn't for you, for any reason, you can return it within 30 days for a refund.
If death results from suicide in the first two years, benefits will not be paid.3 (In Washington, specific state rules apply.)
Benefits Won’t Decrease
Your benefits will remain the same for the full length of your coverage—even if your health declines.
Premiums are arranged in five-year age bands, and increase as you enter each new band.
If you're diagnosed with a terminal illness and given a life expectancy of 12 months or less (24 months in Illinois and Texas), you can access half your benefit amount.4 (Not available in Massachusetts and Washington.)
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.5 Your coverage will continue without interruption, but no premium payment will be required for as long as you're confined.
It doesn't take a lot of time or paperwork to apply for AARP Level Benefit Term 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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Ratings as of 10/1/2015.
Think You Might Want More Coverage?
At New York Life, we have a variety of coverage amounts and insurance options to fit your specific needs. For assistance finding the right protection, give us a call and we’ll be happy to assist you.
Call New York Life at
Mon - Fri: 8 a.m. to 10 p.m. (ET)
Sat: 9 a.m. to 5 p.m. (ET)
‡A.M. Best, Fitch and Moody's Investors Service Highest Rating. Standard and Poor's Second-Highest Rating.
Underwriting Information: In addition to the information that is furnished in the application, we may use your signed authorization to request medical information and prescription drug history from your physician, hospital or other health care provider, pharmacy, pharmacy benefit manager or medical information retrieval service. We may disclose information we collect about you as required or permitted by law.
You have a right of access to certain personal information we maintain in our files about you. You may request correction, amendment, or deletion of any information to which you may have access. You may receive a full description of your rights to access, correct, amend or delete information by writing to us at the address on the Enrollment Form.
1Oregon Residents: You must be an AARP member to request a free Information Kit and Enrollment Form.
2During the first two years, New York Life reserves the right to cancel your insurance policy if your enrollment form contains misrepresentations concerning your medical history.
3Missouri and North Dakota Residents: The suicide exclusion applies only for one year.
4Please 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 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.
5The 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. Premiums will be waived until age 80 if you are in a nursing home. At that time, you can exchange your coverage for permanent life insurance.
Florida Residents: In order to protect against the unintended cancellation of your life insurance coverage, you have the opportunity to have copies of lapse notices sent to another individual whom you designate. A designation form for this will be included with your Certificate of Insurance.
Pursuant to Texas Administrative Code 28 TAC § 21.107(d) this provides notification that the association’s directors are not elected by its members and the directors may approve rate increases.
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.