Acceptance Life Insurance
Provides up to $25,000 of permanent group life insurance -- acceptance guaranteed* -- exclusively for AARP members. There's no medical exam and no health questions.
This affordable coverage can help:
- Cover medical and funeral expenses
- Pay other bills you may leave behind
- Provide a little extra peace of mind for your family
Online application may not be available in all states.
Features and Benefits
- Up to $25,000 in life insurance coverage
- No medical exam
- No health questions
- Guaranteed rates that will never increase
- Permanent insurance you can keep your entire life
- Simple application; acceptance is guaranteed*
- Limited benefits for first two years
- Higher coverage options also available. Call 1-800-865-7927
Who is Eligible
AARP members ages 50 to 80 and spouses ages 45 to 80 are eligible to apply.* An online application may not be available in all states. This product is not available to residents of New Jersey and Washington. An alternate product is available for New York residents.
You can’t be turned down* for Guaranteed Acceptance Life Insurance as long as you are an AARP member ages 50 to 80 (45 to 80 for spouses of AARP members). It really is that simple.
No Medical Exam or Health Questions
You don’t need to see a doctor, take any medical tests or answer any health questions. In fact, you never have to provide a single detail about your current health or medical history.
Guaranteed Monthly Rates
Select Age Range
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 Lifetime Protection
This is permanent life insurance you can keep for your entire lifetime, provided premiums are paid 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.
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.2 (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.Apply Online Now
At New York Life, we have a variety of coverage amounts and insurance options to fit your specific needs. For assistance finding the right protection, give us a call and we’ll be happy to assist you.
1-800-865-7927 Mon - Fri: 8 a.m. to 8 p.m. (ET)
Sat: 9 a.m. to 5 p.m. (ET)
*If you’re already insured with the program, the full coverage ammount may not be available.
Call for details. Available to AARP members ages 50 - 80 and their spouses ages 45 - 80. Not available in NJ and WA. In New York, available to AARP members and their spouses ages 50 - 75.
**Pennsylvania residents: The standard benefit is payable (125% of premiums paid during the first two years) unless the minimum death benefit payable is greater during the first two years. The description of the minimum death benefit payable to the beneficiary is as follows: (a) for issue age 45 minimum benefits are paid as follows: for death during the first year, 15% of the amount in force and for death during the second year, 40% of the amount in force; (b) for issue ages 46 through 55 minimum benefits are paid as follows: for death during the first year, 10% of the amount in force and for death during the second year, 30% of the amount in force; and (c) for issue age 56 or over, for death during the first year, a minimum benefit of 120% of premiums due and payable through the first year is paid and for death during the second year, the greater of 15% of the amount in force or 130% of premiums due and payable through the first and second years is paid.
For Missouri residents whose age at issue is 76 or over, a minimum benefit of 50% of the amount in force is paid, if death occurs during the first two years.
For Minnesota residents, the minimum benefit payable is 400% of premiums due and payable through the first year, if death occurs during the first 2 years.
1 Please note that receipt of “living benefit” (accelerated death benefit) insurance proceeds may affect your eligibility for public assistance programs. Proceeds may be taxable. You may wish to consult your financial advisor and/or attorney to determine how this may affect your personal situation. Premiums will be lower when the benefit amount decreases by one-half.
Texas Residents: Death Benefits, Cash Values and Loan Values will be reduced if a ‘living benefit’ (accelerated death benefit) is paid. The acceleration of life insurance benefits offered under this certificate is intended to qualify for favorable tax treatment under the IRC of 1986. If these benefits qualify for favorable tax treatment, the benefits are excludable from your income and not subject to taxation. You are advised to consult with a qualified tax advisor about circumstances under which you could receive acceleration of life insurance benefits excludable from income under federal law. Receipt of acceleration of life insurance benefits could also affect you and your family’s eligibility for public assistance programs (Medicaid, AFDC, SSI, or drug assistance). You are advised to consult with a qualified tax advisor and with social service agencies to determine how receipt of these benefits will affect your eligibility for public assistance. Premiums will be lower when the benefit amount decreases by one-half.
Florida Residents: In order to protect against the unintended cancellation of your life insurance coverage, you have the opportunity to have copies of lapse notices sent to another individual whom you designate. A designation form for this will be included with your Certificate of Insurance.
Pursuant to Texas Administrative Code 28 TAC § 21.107(d) this provides notification that the association’s directors are not elected by its members and the directors may approve rate increases.
Your privacy is important to New York Life Insurance Company. We maintain physical, electronic and procedural safeguards that meet state and federal laws. Information we collect, such as name and address, about individuals who request product information will be shared:
• With AARP and its subsidiaries to analyze members' needs and interests. AARP may use non-member information to seek memberships. AARP may share non-health information with other AARP service providers to inform you of member benefits and services that may be of interest.
For residents of certain states, we will not share your information unless you permit us to do so. We will follow your state's privacy law if it differs from the policy described in this notice. To request a copy of our complete privacy notice or to request that your information not be shared, call 1-866-687-5160.
You have the right to access certain information we maintain in our files about you. You may request that we correct, amend or delete it. To receive a full description of these rights, write to us at the address on the Enrollment Form.