New York Life Insurance Company offers a comprehensive coverage product known as the AARP life insurance. The American Association of Retired Persons (AARP) policy is provided for the retired citizens of the country and it is the most popular policy for this particular group. Read on to know more about it:
Features of AARP life insurance
There are many features of the AARP life insurance. The members may choose between term policies as well as full-life insurance policies, depending upon their requirement. AARP provides non-taxable subsidiaries for life insurance policies that it endorses. It has about 38 million members, and anybody over the age of 50 may join this organization. The permanent life insurance comes with a coverage of up to $50,000 depending upon the eligibility of the member as well as term insurance coverages equating to the amount of up to $1,00,000 in protection. You may use these term insurances to make loan payments or to clear your mortgages as well as for other things, like medical expenses and funeral costs.
Benefits of AARP life insurance
With the New York Life AARP life insurance, you may enjoy benefits such as the following:
- Increase your cover when needed
- You will not need to undergo a medical examination
- Follow an easy eligibility process
- Disclose the medical conditions that you want to and get approval based on those
Eligibility for AARP life insurance
The eligibility to procure this life insurance is very straightforward. Firstly, you need to be a member of AARP, and secondly, your age is an essential criterion. This insurance policy is for members aged between 50 and 75 years of age. Even spouses of AARP members whose age is between 45 and 74 can apply for these policies.
Get an instant quote
The monthly premium rates are mentioned on the portal in detail, which varies as per the gender, the cover amount, as well as the age of the interested individual. The rates will differ for both men and women depending upon the coverage required.
To get an instant quote for the AARP life insurance, you can visit their website and fill the form consisting of details such as the name, address, city, date of birth, coverage amount, and the email where they will send the quote to you.