Guaranteed Rates Will Never Increase
Your monthly premium is based on your age when you apply, and will never increase for any reason. Due to guaranteed acceptance without medical underwriting, the premium includes an extra mortality risk charge. Medically underwritten products are also available. Guaranteed life insurance.
Guaranteed Lifetime Protection
This is permanent life insurance you can keep for your entire lifetime, provided you make your payments when due, unlike term insurance coverage that may end at a certain age. That’s important if you want to be sure to leave life insurance benefits for your loved ones, regardless of how long you live.
Limited Benefit Period
Because acceptance is guaranteed, death from natural causes during the first two years of coverage pays just a portion of the benefit amount. During this period, your beneficiary receives an amount equal to 125% of the premiums paid. Full benefits will be paid for accidental death from first day of coverage. (PA, MN, and MO residents have different benefits payable; see below for details)**
You’ll receive a Certificate of Insurance when coverage is approved. If you decide this coverage isn’t for you, for any reason, you can return it within 30 days and receive a refund of any premium you paid.
10 year life insurance policy
Benefits Won’t Decrease
After the first two years, your benefits are guaranteed to never decrease for as long as you're insured, regardless of changes in age or health.
Your monthly premium payments will end at age 95, but coverage will continue in full for the rest of your life.
If death results from suicide in the first two years, benefits will not be paid. Missouri and North Dakota residents: The suicide exclusion applies only for one year.
After the first two years of coverage, 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.
(Not available in Massachusetts.)
Simple Enrollment Form
It only takes a few minutes for AARP members to apply by mail or online (in most states) for AARP Guaranteed Acceptance Life. There’s absolutely no cost or obligation when you request information.
Credit life insurance