AARP Life Insurance Rate Charts By Age (2024 Prices) (2024)

AARP life insurance rates vary based mainly on which product you choose (whole, term, or guaranteed acceptance), your age, gender, and the coverage amount. Monthly prices start as low as $11 or as high as $600, depending on those factors.

AARP Life Insurance Rate Charts By Age (2024 Prices) (1)

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In this article, you’ll see AARP life insurance rates by age for the various products they offer, including term life, whole life, and guaranteed acceptance whole life.

We’ll also discuss whether or not AARP life insurance is the best option and what other companies are worth considering.

AARP Term Life Insurance Rates

AARP term life insurance rates are based on which five-year age bracket you fall into. For example, the first bracket is 50-54, meaning anyone who is 50, 51, 52, 53, or 54 will all pay the same price.

Also, since AARP’s term insurance rates rise over time, your price will increase as you enter a new bracket. For example, if you’re 54, you’ll fall into the 50-54 bracket. On your 55th birthday, you’ll enter the 55-59 bracket, which means your premium will increase to a higher amount.

Below is an AARP term life insurance rate chart by age and a calculator that outlines the exact cost for various coverage amounts.

Female monthly rates

Age Bracket$10,000$25,000$50,000$100,000
50-54Nonsmoker: $11
Smoker: $17
Nonsmoker: $18
Smoker: $32
Nonsmoker: $29
Smoker: $58
Nonsmoker: $52
Smoker: $110
55-59Nonsmoker: $13
Smoker: $20
Nonsmoker: $22
Smoker: $41
Nonsmoker: $38
Smoker: $76
Nonsmoker: $69
Smoker: $144
60-64Nonsmoker: $17
Smoker: $28
Nonsmoker: $32
Smoker: $61
Nonsmoker: $58
Smoker: $116
Nonsmoker: $108
Smoker: $222
65-69Nonsmoker: $21
Smoker: $38
Nonsmoker: $44
Smoker: $84
Nonsmoker: $81
Smoker: $162
Nonsmoker: $154
Smoker: $314
70-74Nonsmoker: $33
Smoker: $62
Nonsmoker: $74
Smoker: $144
Nonsmoker: $141
Smoker: $282
Nonsmoker: $272
Smoker: $550

Male monthly rates

Age Bracket$10,000$25,000$50,000$100,000
50-54Nonsmoker: $14
Smoker: $23
Nonsmoker: $26
Smoker: $48
Nonsmoker: $45
Smoker: $90
Nonsmoker: $79
Smoker: $164
55-59Nonsmoker: $18
Smoker: $31
Nonsmoker: $36
Smoker: $68
Nonsmoker: $65
Smoker: $130
Nonsmoker: $116
Smoker: $238
60-64Nonsmoker: $24
Smoker: $43
Nonsmoker: $50
Smoker: $97
Nonsmoker: $94
Smoker: $188
Nonsmoker: $171
Smoker: $348
65-69Nonsmoker: $31
Smoker: $56
Nonsmoker: $67
Smoker: $131
Nonsmoker: $128
Smoker: $256
Nonsmoker: $236
Smoker: $478
70-74Nonsmoker: $42
Smoker: $79
Nonsmoker: $95
Smoker: $187
Nonsmoker: $184
Smoker: $368
Nonsmoker: $342
Smoker: $369

AARP Whole Life Insurance Rates

Whole life insurance has a fixed cost. Whatever rate you pay initially is what you’ll always pay. In addition, the coverage is permanent.

Also, if you qualify for AARP’s whole life insurance, there is no waiting period. Keep in mind that you will have to answer questions about your health to qualify (no medical exam is required).

Below is a whole life rate chart and calculator showing sample monthly premiums.

AgeFemale $10,000Male $10,000Female $25,000Male $25,000
50Nonsmoker: $26
Smoker: $42
Nonsmoker: $34
Smoker: $55
Nonsmoker: $58
Smoker: $99
Nonsmoker: $148
Smoker: $131
55Nonsmoker: $31
Smoker: $49
Nonsmoker: $44
Smoker: $69
Nonsmoker: $72
Smoker: $116
Nonsmoker: $104
Smoker: $164
60Nonsmoker: $38
Smoker: $58
Nonsmoker: $52
Smoker: $83
Nonsmoker: $87
Smoker: $138
Nonsmoker: $124
Smoker: $201
65Nonsmoker: $49
Smoker: $75
Nonsmoker: $66
Smoker: $103
Nonsmoker: $114
Smoker: $181
Nonsmoker: $158
Smoker: $251
70Nonsmoker: $65
Smoker: $103
Nonsmoker: $85
Smoker: $137
Nonsmoker: $156
Smoker: $252
Nonsmoker: $206
Smoker: $335
75Nonsmoker: $83
Smoker: $138
Nonsmoker: $106
Smoker: $170
Nonsmoker: $203
Smoker: $343
Nonsmoker: $259
Smoker: $423
80Nonsmoker: $97
Smoker: $179
Nonsmoker: $129
Smoker: $209
Nonsmoker: $237
Smoker: $444
Nonsmoker: $317
Smoker: $521

AARP Guaranteed Acceptance Rates

AARP guaranteed issue life insurance does not require you to answer health questions or undergo a medical exam. Because acceptance is guaranteed, there is a two-year waiting period. If you die during the waiting period, AARP will only refund 110% of the money you paid.

Remember, all companies’ guaranteed issue life insurance plans have a waiting period. Because this guaranteed acceptance policy is a type of whole life insurance, the price will never change, and the coverage lasts a lifetime.

Below is a table and calculator with sample monthly premiums.

AgeFemale $10,000Male $10,000Female $25,000Male $25,000
50$45$59$110$146
55$52$69$129$169
60$60$80$147$199
65$72$91$177$225
70$87$108$215$268
75$123$100$306$248
80$112$145$278$360

Is AARP Life Insurance The Best Option For Seniors?

Just because AARP is a senior advocacy organization, that does not inherently mean the products they promote are the best life insurance for seniors.

The truth is, AARP final expense insurance products are often much more expensive than companies like Mutual of Omaha, Aetna, and Aflac, to name a few.

Here are three examples to illustrate how AARP life insurance rates are bested by other reputable companies.

CompanyMale, Age 65
Non Tobacco
$10,000 Final Expense Policy
Female, Age 70
Non Tobacco
$25,000 Final Expense Policy
Male, Age 50
Tobacco User
$5,000 Final Expense Policy
AARP$66.00$156.00$69.00
Aflac$55.81$133.63$56.58
Mutual of Omaha$56.48$128.29$55.28
Aetna$58.19$140.22$57.31

In addition to their price inferiority, AARP products that require you to answer health questions are tough to qualify for.

That means seniors with pre-existing conditions often will be flat-out denied by AARP.

How To Get The Lowest Price On Any Type Of Life Insurance

As mentioned, AARP life insurance products are overpriced relative to other providers.

But the good news is that plenty of other final expense insurance companies offer lower burial insurance prices and won’t deny seniors with prior health issues such as diabetes and many other conditions.

If you need final expense insurance, you will secure the lowest rate by working with an independent broker, such as Choice Mutual. Independent agencies like us compare offers from multiple providers to find the best deal.

One of the primary drawbacks to working with AARP is that they cannot offer you any other companies that might give you a better deal.

But when you work with a broker, they can match you with whichever company suits you best. Best of all, working with a broker is free (no fees or surcharges), and the insurance doesn’t cost more because you worked with an agent.

Call Choice Mutual at 1-800-644-2926, and we’ll help you find the best policy at the lowest rate possible. We specialize in funeral insurance for seniors, and we partner with over 20 different insurance companies. We will answer all your questions and pinpoint which provider is best for you.

Below is a sample of the thousands of 5-star reviews we have online.

Trustpilot

Frequently Asked Questions

AARP life insurance can cost as little as $11 monthly or as high as $900. The final price depends on the type of policy (whole, term, or guaranteed acceptance), product, age, gender, state of residence, and health.

In most cases, AARP life insurance is not a good buy for seniors because they can get cheaper rates from other providers. In addition, the AARP subjects many seniors with health conditions to a two-year waiting period where other companies would approve them for an immediate coverage plan.

Buying a whole life policy is best when looking for life insurance to cover your final expenses. While cheaper per month, term life will generally expire around age 80. Most people live longer than 80 years old, which means they would not have insurance to cover their burial since the term policy would have expired. Whole life burial insurance guarantees coverage for life, so you can rest assured that it will always be there to pay for your end-of-life expenses regardless of when you die. It’s also worth noting that term life insurance has strict underwriting, making it hard to qualify. Most seniors with prior and current health issues are not eligible for term life insurance but can qualify for a final expense whole life policy.

Seniors looking for insurance to cover their final expenses should look for a whole life policy since it lasts forever. Buying term life insurance to cover your burial is risky since most people (over 90%) outlive term insurance policies. Seniors needing insurance to pay off a debt, such as a mortgage or a car note, should seek a term policy if possible. Term insurance is best to cover a temporary need like a financial debt. Remember that age and health also heavily influence which products seniors can qualify for. For example, an 81-year-old senior is not eligible for term insurance. It’s best to speak with an experienced insurance agent who can consider your situation and recommend your best options.

Only the AARP guaranteed acceptance policy has a two-year waiting period. There are no health questions or exams, so there is a waiting period. If you’re eligible for the AARP term life or permanent whole life products (both have health questions), there is no waiting period.

Article Sources

Choice Mutual often cites third-party websites to provide context and verification for specific claims made in our work. We only link to authoritative websites that are known to provide accurate information. You can learn more about our editorial standards, which guides our mission of delivering factual and impartial content.

  1. AARP term life insurance. https://www.nylaarp.com/life-insurance/term/protection
  2. AARP's whole life insurance. https://www.nylaarp.com/Life-Insurance/Permanent
  3. AARP guaranteed issue. https://www.nylaarp.com/life-insurance/guaranteed-life
  4. AARP. https://www.aarp.org/about-aarp/company/what-guides-us/
  5. Trustpilot. https://www.trustpilot.com/review/choicemutual.com
AARP Life Insurance Rate Charts By Age (2024 Prices) (2024)

FAQs

AARP Life Insurance Rate Charts By Age (2024 Prices)? ›

Online application may not be available in all states. Available to AARP members ages 50-80 and their spouses/partners ages 45-80. For other amounts or higher coverage options call New York Life at 1-800-607-6957. The rate of $13/month is for a female, age 50, non-smoker for $5,000 of coverage.

How much does AARP charge for life insurance? ›

AARP level benefit term life insurance
Age groupMonthly cost (nonsmoker)Monthly cost (smoker)
55-59$116$238
60-64$171$348
65-69$236$478
Average$174$355
Feb 20, 2024

Does AARP offer life insurance for seniors over 60? ›

Online application may not be available in all states. Available to AARP members ages 50-80 and their spouses/partners ages 45-80. For other amounts or higher coverage options call New York Life at 1-800-607-6957. The rate of $13/month is for a female, age 50, non-smoker for $5,000 of coverage.

At what age does AARP life insurance end? ›

Does coverage end at a certain age? No. AARP Permanent Life Insurance allows you to keep coverage for your lifetime, as long as you make your payments and did not make material misrepresentations about your health on your application.

At what age does life insurance get more expensive? ›

“Every birthday puts you one year closer to your life expectancy and thus, you are more expensive to insure,” says Huntley. He estimates that rates increase every year by 5% to 8% in your 40s, and by 9% to 12% each year if you're over age 50.

How much does whole life insurance cost for a 75 year old? ›

Average Annual Whole Life Insurance Rates for Women over 70 or 75*
AgePolicy AmountAverage
70$250,000$13,440
75$100,000$2,949
75$150,000$7,950
75$250,000$18,450
2 more rows

Is insurance cheaper with AARP? ›

Up to 20% Savings for Members

You can customize your coverage with benefits and services designed especially for AARP members, including “New for Old” Protection and Disappearing Property Deductible. Plus, you could save up to 20% when you bundle your home and auto policies.

How long does it take AARP to pay out a life insurance policy? ›

When the owner of a life insurance policy passes away, their beneficiary can receive a lump sum cash payment. But before the beneficiary can collect the money, they must first file a claim. On average, the claims process may take 1-2 months from start to finish.

What is the best life insurance for seniors over 70? ›

Guardian Life Insurance is our top pick for older seniors because it is one of a handful of insurers we've reviewed that issues policies up to age 90. It offers no-exam policies up to $3 million in coverage, though seniors might face significant rates for higher coverage amounts.

Is 70 too old for life insurance? ›

Once you're in your 70s, there may be more limitations on the types of policies available to you. but you can still get life insurance over 70.

At what age should you stop life insurance? ›

Many people in their 60s and 70s may no longer need life insurance. They may have already paid off the house, stopped working, sent the kids off to care for themselves or accumulated enough assets to offset the need for life insurance. But sometimes buying or maintaining a life insurance policy over age 60 makes sense.

Should a 75 year old buy life insurance? ›

Whole life insurance can be a good option for seniors because the guaranteed death benefit ensures that your loved ones will receive a generally tax-free gift when you pass away. In many cases, these policies also come with some “living benefits” that can come in handy if you experience health issues as you age.

Does AARP cover funeral costs? ›

AARP offers three types of policies for final expense needs- Term life, whole life, and guaranteed acceptance whole life. The most common policy they promote to cover funeral costs is a term life insurance policy that has a price increase every five years and completely terminates on your 80th birthday.

What age is too late to get life insurance? ›

Many life insurance companies sell new policies to applicants up to age 85 or 90. Your need for life insurance may be less if you don't have any debt or dependents who rely on your income. In that case, a simple final expense policy may suffice to cover funeral or cremation costs.

How much is a 250k life insurance policy a month? ›

The average cost of a $250,000 term life insurance policy is $23 per month. Rates may vary due to different factors. Depending on your circ*mstances, this coverage can financially assist your loved ones after you pass away.

How much a month is a $500,000 whole life insurance policy? ›

The average cost of a $500,000 whole life insurance policy for a healthy 30-year-old is $451 per month as of June 2024. Your personal rates depend on your age, gender, health, and hobbies, as well as how much coverage you need.

Is AARP a good life insurance company? ›

Through its New York Life partnership, AARP is one of the most stable insurers in America. Its whole life coverage with no medical exam is another plus, but they have limited death benefits during the first two years.

Does AARP life insurance have a 2 year waiting period? ›

AARP term life insurance

To qualify, you only have to answer some health questions. No medical exam is required, and there is no waiting period if you're approved. It's available to seniors 50-74 and their spouses 45-74.

Does AARP charge a fee? ›

Membership is as little as $12 for your first year with automatic renewal and $16 per year after that; it's risk-free and can be canceled at any time. AARP also offers multi-year membership plans.

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