AARP Life Insurance Program
Members of AARP don't always consider the importance of life insurance, but it definitely has a place in the lives of those over 50. According to their website, AARP offers affordable term life insurance through New York Life. Their plans strive to be competitive and affordable while requiring no medical exam. Acceptance is based on answers to some health questions, but in general many AARP members can obtain coverage.
AARP life insurance policies offer no waiting periods and coverage is surprisingly high ranging from $10,000 to $100,000. Life insurance benefits can help protect your family by covering medical bills and funeral costs as well as mortgage payments and utilities. Unpaid bills and debts such as credit cards can also be paid of with life insurance payouts.
This type of quality life insurance is not always available to everyone. AARP aims to offer top notch perks to their members and a solid life insurance policy is one of them. If you're not already an AARP member, you can actually apply for membership and apply for the life insurance policy at the same time. This offers the convenience of one stop shopping, plus you can reap the other benefits, only available to members of AARP.