Transcript: AARP Term Life Insurance
If you’re looking for a review of AARP Life Insurance, you’ve come to the right place. Coming up
So Here are the basics on what AARP offers in terms of term life insurance coverage. AARP offers two types of life insurance coverage. One is their level term benefit and two is their extra protection benefit life insurance.
So what is AARP’s level term benefit life insurance? Well, basically you can get up to $50,000 of coverage and you can be covered up to age 80 and there is about 3 health questions you have to answer to get approved with no physical exam. Well, that means it’s easy for you to get coverage. What’s the downside? The downside is that AARP’s life insurance is not level term insurance. Your insurance rate goes up every 5 years. What does that mean? As you get older your premiums increase. In fact they increase so much that you will no longer be able to afford it as time goes by. You’re much better off getting a lever term life insurance policy that does not increase in premiums over a period of 10,15,or 20 years.
My recommendation is if you can’t get traditional coverage you might want to try to work with AARP because they only have 3 health questions, but you’re going to end up paying a lot more money and you’re better off applying with a life insurance company that offers level term insurance. At Chooseterm.com we work with over 30 companies that offer level term insurance.
AARP’s extra protection life insurance offers up to $100,000 of insurance, and again you can get covered up to age 80 and you can get $100,000 worth of insurance. And AARP asks more questions, but still no physical exam to get you approved for that kind of policy. Its great, you can get approved, and you can probably get approved fairly quickly. However, again this is not level term insurance, and your insurance goes up every 5 years. So if you’re looking for term life insurance and you want your premiums to stay the same throughout a 10,15, or 20 year period, then you want to make sure you’re getting a level term life insurance.
At Chooseterm.com we’re able to beat the prices for AARP all the time, and work with people that have looked for quotes with AARP and realized that they’re much more expensive than what they can get by shopping the marketplace. Give us a call at 800-574-0245 my extension is 101, or you can visit our website chooseterm.com. You can click the link below and visit our site to fill out a quote form, and get your quote. And we can work with you to get you better rates than what AARP offers, and also if you need more coverage than just $100,000 we can help you get that as well. Thank you.
Author: Liran Hirschkorn
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