AARP Life Insurance Program from New York Life Insurance Company Review (2024)

AARP life insurance is partnered with New York Life, one of the best insurance companies in the United States. AARP (New York Life) insurance rates vary for each person, but how much does it cost per month on average?

Read our AARP guide to learn more about AARP life insurance rates, products, third-party ratings, and other details about the company.

Do you want to know more about life insurance companies besides AARP? Enter your ZIP code in the free comparison tool above.

How Much Does AARP (New York Life) Life Insurance Cost?

The average cost of New York Life insurance is $11 per month for term life insurance. However, that would depend on your age, health, life insurance type, and death benefit.

Let’s look at an example of 15-year, no-exam term life insurance plans for 60-year-old policyholders who are either smokers or non-smokers.

Comparing New York Life and AARP Monthly Life Insurance Rates for 60-Year-Old Policyholders

AARP appears to be more lenient to policyholders who are smokers, but any direct policy to New York Life costs more. This is typical of no-exam term life insurance policies.

Younger policyholders pay much lower rates. However, AARP focuses on providing service to consumers over the age of 49.

How Do AARP (New York Life) Rates Compare to Other Companies?

AARP may not exclusively sell their AARP life insurance program, but New York Life Insurance Company does.

If you decide to go through New York Life, here’s a comparison of affordable life insurance benefits by the top life insurance companies in the United States.

Average Monthly Life Insurance Rates and A.M. Best Rating by Company

New York Life insurance rates are close to the middle. If you happen to qualify for $11 per month, your AARP life insurance quotes could be lower.

Ask questions about how you can secure cheap life insurance before you buy AARP life insurance.

What Products are Available at AARP (New York Life)?

AARP has various life insurance products. Let’s examine these coverage options below:

• Level Benefit Term Life Insurance
• Permanent Life Insurance
• Easy Acceptance Life Insurance
• AARP Young Start Life Insurance

AARP’s term life policy is available to people who are between 50 and 74 years old. However, you need to roll over your term life policy to a whole life insurance program after 74 to remain insured with AARP.

The permanent life policies are eligible to AARP members ages 50 to 80, in addition to members and their spouses (ages 45 to 80).

You can take it a step further and insure children and grandchildren through AARP Young Start. No medical exam is required, but you may need to answer questions based on the child’s health.

Do you have a complicated estate that needs a unique style of life insurance coverage? Check out our guide to some of the insurance companies best for complicated estates and retirement

Does AARP (New York Life) Have Good Financial Strength and Credit Ratings?

The short answer is yes. New York Life provides affordable AARP life insurance coverage, but it also has a strong presence in the life insurance industry. Let’s look at ratings from the top rating agencies in the United States.

• AM Best – A++
• JD Power – 784 out of 1,000 (About Average)
• Consumer Affairs – four out of five stars (Based on 336 reviews)
• Better Business Bureau (BBB) – A- (two stars based on five customer reviews)

Some of the customer reviews show a lower than average rating, especially with the BBB. However, the company’s overall financial strength and credit ratings are nothing short of excellent.

What is AARP?

We’ve talked a lot about AARP, but what does AARP stand for? AARP stands for American Association of Retired Persons. It was founded by Ethel Percy Andrus and Leonard Davis in 1958 in a California town known as Ojai.

Today, AARP’s headquarters is located in Washington D.C. under Jo Ann Jenkins’s leadership – AARP’s CEO.

AARP has been in partnership with New York Life since 1994. The two companies continue to partner with life insurance policies throughout the COVID-19 pandemic.

Read more: Getting Life Insurance During the COVID-19 Pandemic

AARP Life Insurance Program Claims Process

Ease of Filing a Claim (Online, Over the Phone, Mobile Apps)

AARP’s claims process is designed to be as convenient as possible for policyholders. They offer multiple options for filing a claim, including online, over the phone, and through mobile apps. This flexibility allows customers to choose the method that suits them best, making it easier to initiate a claim when needed.

Average Claim Processing Time

AARP understands the importance of a swift claims process. While claim processing times can vary depending on the nature and complexity of the claim, the company strives to process claims efficiently. Policyholders can expect a reasonable turnaround time, but specific processing times may be outlined in the policy documents.

Customer Feedback on Claim Resolutions and Payouts

Customer feedback is invaluable in assessing an insurance company’s performance in handling claims. AARP’s commitment to customer satisfaction means they value feedback from policyholders. Reviews and testimonials from customers can provide insights into the company’s claim resolutions and payout experiences, helping prospective customers make informed decisions.

Digital and Technological Features of AARP Life Insurance Program

Mobile App Features and Functionality

AARP offers a mobile app that provides policyholders with convenient access to their insurance information. The app is designed to offer features and functionality that enhance the overall customer experience. This includes the ability to view policy details, make payments, and even initiate the claims process directly from the app.

Online Account Management Capabilities

Managing an insurance policy online has become essential in today’s digital age. AARP provides policyholders with robust online account management capabilities. This includes the ability to review and update policy information, track claims, and access important documents, all from the convenience of their online account.

Digital Tools and Resources

In addition to mobile apps and online account management, AARP may offer various digital tools and resources to assist policyholders. These tools can include calculators to estimate coverage needs, educational resources on insurance topics, and other digital assets aimed at helping customers make informed decisions about their insurance coverage.

Comprehensive Review of AARP Life Insurance Program from New York Life Insurance Company

The AARP life insurance program from New York Life Insurance company is a comprehensive offering designed to meet the diverse needs of seniors. One of the standout features is the AARP accidental death insurance, which provides additional coverage for accidents, ensuring peace of mind for policyholders. The program also garners mixed feedback from users, as seen in various AARP benefits reviews, where some praise the ease of access and extensive coverage options, while others point out areas for improvement. Notably, the AARP best life insurance for seniors is a popular choice, highlighting the program’s focus on providing tailored plans for older adults.

When considering life insurance options, the AARP claims number is an essential contact for policyholders needing assistance with their claims. Although some AARP complaints exist, they are often outweighed by positive reviews, especially regarding customer support. The AARP contact number for providers and the dedicated AARP life insurance customer service line ensure that assistance is readily available for any inquiries or issues. Additionally, the AARP death benefits payout process is streamlined to provide timely financial support to beneficiaries, which is a critical aspect of the AARP life insurance death benefit.

For those seeking straightforward enrollment options, the AARP guaranteed acceptance life insurance offers minimal eligibility requirements, making it accessible to many seniors. The AARP end-of-life insurance and AARP final expense insurance are particularly beneficial for covering funeral and other end-of-life expenses, alleviating financial burdens on loved ones. The program also includes AARP group term life insurance and AARP guaranteed life insurance, providing flexible terms and guaranteed coverage without the need for medical exams. Overall, AARP insurance products are diverse, catering to various needs and budgets.

The AARP life insurance options can be explored further by contacting the AARP insurance office near you or through their website, which offers detailed information on AARP insurance rates and product comparisons. Reading AARP insurance reviews can provide additional insights into customer experiences and satisfaction levels. For those interested in term plans, the AARP level benefit term life insurance offers fixed premiums and straightforward terms, while the overall AARP life cost remains competitive. The AARP life insurance application process is user-friendly, and the company’s strong reputation, evidenced by AARP life insurance ratings, underscores its reliability. For more details, prospective policyholders can request AARP life insurance quotes online to compare options and make informed decisions.

AARP (New York Life) Insurance: What’s the bottom line?

Life insurance for people who are over 50 can be expensive. But AARP can give you a few cost-efficient options with one of the country’s top life insurance companies.

If you want a max New York Life insurance policy, you could pay more than $226 per month.

Before you buy an AARP (New York Life) insurance policy, compare multiple companies by entering your ZIP code in the free online quote tool below.