Let us learn more about AARP Life Insurance. This company is a non profit, non partisan, social welfare organization that comes with a membership of nearly 38 million that helps people turn their goals and dreams into real possibilities. They also help in strengthening the communities, and fights in issues that matter to most families.


Let us move on to their Life Insurance basics. Having a life insurance can be really good for you. It is a safe and reliable way to help protect the ones you love. It can also be a means for you to provide for your family to help replace lost income, cover mortgage and rent. You will be able to pay off debts or medical bills. How will this work? After you purchase a life insurance from AARP, you will be part of a contract with them. They will agree to pay you a death benefit to your spouse, children, or your beneficiaries. In exchange for this coverage, you will have to make payments to the insurance company. This is what we call as Insurance Premiums. The amount you will pay will depend on a variety of factors like your age, health, gender, occupation, and the amount of life insurance that you purchased.


There are two types of life insurance that you can choose between term insurance and permanent insurance.


TERM LIFE INSURANCE is a good option if you want coverage for only a limited period of time. This can be between one to twenty years. You can extend if you want, or renew. What’s good about this type of insurance is that the initial pay is lower compared to permanent insurance. However, the rates may increase at regular intervals until the coverage will reach it’s end. What is the main reason why people choose term? Usually, it is just to cover specific financial obligations like lost income, mortgages, debts, or education expenses. Keep in mind though that term insurance doesn’t build cash value, but it is an affordable way to get maximum coverage to be able to meet your changing needs. Here are some more reasons that may make you want to choose term:

  • Cheaper initial rates but increases as you age
  • You will be able to get a high level of financial protection at an affordable price
  • You can use this as a supplemental coverage to an existing policy
  • You can easily renew it after the term or exchange it for permanent life


PERMANENT LIFE INSURANCE is for the long haul. You may have heard of this being referred to by some as “Whole Life Insurance”. This policy will offer you protection for your entire life. The rates for this are based on your age and issue. The good thing about this is that the rate is permanent. The rate won’t be affect as you get older or if you get a disease. Keep in mind that the rates start at a higher range compared to term insurance, but they are fix and never changing. People who choose a whole life insurance usually want a coverage for as long as they are alive and breathing.

Whole life is also capable of creating cash value so you can borrow. I think some companies refer to this as the living benefit.

Here are some reasons why people choose Permanent life:

  • Lifelong coverage
  • The rates are consistent regardless of age and status of health
  • You will be able to build cash value that you can borrow when you need it.

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