Best AARP Life Options

The American Association of Best AARP life options, or AARP, offers a range of services and discounts for people over the age of 50. It also offers life insurance policies to help protect loved ones financially in the event of a death. However, it’s important to carefully consider your needs and budget before choosing a policy. Securing a reliable coverage option requires careful consideration, comparison of quotes, and research. In addition, seeking professional advice can ensure that you’re selecting a policy that meets your needs and fits your budget.

Best AARP life options

AARP does not offer its own life insurance, but partners with New York Life to provide a few policy options geared toward seniors. Among these, one is a simplified whole life insurance policy that provides up to $100,000 in coverage and accumulates cash value as you age. This policy is available to AARP members ages 50 to 80 and their spouses. Unlike a traditional whole life policy, which is a permanent plan, this policy has a two-year waiting period.

Another option is a Term Plus AARP life insurance policy, which is available to AARP members ages 60 to 79 and their spouses. Term Plus is a hybrid policy that combines the benefits of a traditional term policy with a savings component. This is a permanent policy that pays a benefit in the event of your death, and it also allows you to withdraw funds from your cash value account if needed. The policies offered by AARP are available to residents of most states.