AARP Level Benefit Term
Life Insurance

from New York Life Insurance Company

Provides up to $100,000 of group term life insurance, exclusively for AARP members from New York Life. There's no medical exam. Your acceptance is based on your answers to three health questions and other information we collect. It's a simple way to provide your family with resources to help:

  • Make mortgage or loan payments
  • Cover your family's everyday bills 
  • Pay medical or final expenses, credit cards and other debts

AARP Level Benefit Term Life Insurance
Get a Quote
Apply online now
Get Info by Mail
 
 
  • Talk to a Life Insurance
    Representative

    Call New York Life at
    1-800-865-7927

    for questions or for higher coverage options.
    Mon - Fri:
    8 a.m. to 10 p.m. (ET)
    Sat:
    9 a.m. to 5 p.m. (ET)
  • Common Questions
    About This Insurance

    • How much life insurance should I have?
    • Are there any circumstances under which payments can be waived?
    • What isn't covered?
    More Q&A »
  • Strength of
    New York Life, Program
    Endorsed by AARP

    The AARP Life Insurance Program from New York Life is endorsed by AARP, a non-profit membership organization that helps people 50 and over improve the quality of their lives.

    What Makes
    New York Life
    Different »

  • Types of Life
     Insurance

    A simple overview
    from New York Life.

    See Article »

Features and Benefits

  • 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.

Features and Benefits

Current Monthly Premiums

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Rates for Men

Purchase
Issue Age
$10,000 $25,000 $50,000 $75,000 $100,000
Age 45-49 11.42/month 22.54/month 41.08/month 50.02/month 58.96/month
Age 50-54 13.41/month 27.52/month 51.04/month 62.38/month 73.71/month
Age 55-59 18.12/month 39.29/month 74.58/month 91.60/month 108.63/month
Age 60-64 24.85/month 56.13/month 108.25/month 133.38/month 158.50/month
Age 65-69 31.99/month 73.98/month 143.96/month 177.71/month 211.46/month
Age 70-74 44.65/month 105.63/month 207.25/month 256.25/month 305.25/month
Higher coverage options also available Call 1-800-865-7927

Rates for Women

Purchase
Issue Age
$10,000 $25,000 $50,000 $75,000 $100,000
Age 45-49 8.93/month 16.33/month 28.67/month 34.35/month 40.04/month
Age 50-54 10.46/month 20.15/month 36.29/month 43.75/month 51.21/month
Age 55-59 14.38/month 29.96/month 55.92/month 67.90/month 79.88/month
Age 60-64 20.44/month 45.10/month 86.21/month 105.19/month 124.17/month
Age 65-69 27.38/month 62.44/month 120.88/month 147.85/month 174.83/month
Age 70-74 39.83/month 93.56/month 183.13/month 224.48/month 265.83/month
Higher coverage options also available Call 1-800-865-7927
Premiums above are the rates New York Life currently charges. Your initial premium is based on your age at issue; premiums increase as you enter each new five-year age band. Age bands begin at ages 45-49 and end at ages 75-79. Coverage ends at age 80. Premiums are not guaranteed. However, your rates may change only if they are changed for all others in the same class of insureds under this group 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. Residents of MA, MT and WA have different rates than show above. Please click here to view rates for MA and WA. To see rates for MT, click here.
Ready to Get Started?
Apply online or request a free information kit to apply by mail (online application may not be available in your state). Not an AARP member yet? It's easy to join AARP and apply for life insurance at the same time.¹
 

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.

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.

30-Day Guarantee
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.

An Exclusion
If death results from suicide in the first two years, benefits will not be paid.2 (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.

Accelerated Benefit
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.3 (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.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 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 »

Get Info by Mail »

We'll Be There For You and Your Family

Ratings as of 4/01/2014.

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
1-800-865-7927
Mon - Fri: 8 a.m. to 10 p.m. (ET)
Sat: 9 a.m. to 5 p.m. (ET)

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 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.

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. 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.

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.

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.

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.