AARP endorses several different life insurance policies sold through New York Life.
They offer several different types of life insurance including term life insurance, permanent life insurance , and guaranteed acceptance life insurance policies. To qualify for the guaranteed issue plans you must meet their age requirements. There is no medical exam required for the guaranteed life insurance plan.
You can find more information on the AARP web site at http://www.nylaarp.com
In addition, other life insurance companies offer life insurance plans for seniors, including Mutual of Omaha, Globe Life Insurance, and Colonial Penn, among others.
Each of these companies has different underwriting guidelines for approval so you may want to compare the pricing, coverages offered and when the full amount of life insurance coverage begins, because some plans may have a graded benefit the first 2-3 years.
Also, find out if the rate will ever increase and the amount of life insurance ever decrease.
They offer several different types of life insurance including term life insurance, permanent life insurance , and guaranteed acceptance life insurance policies. To qualify for the guaranteed issue plans you must meet their age requirements. There is no medical exam required for the guaranteed life insurance plan.
You can find more information on the AARP web site at http://www.nylaarp.com
In addition, other life insurance companies offer life insurance plans for seniors, including Mutual of Omaha, Globe Life Insurance, and Colonial Penn, among others.
Each of these companies has different underwriting guidelines for approval so you may want to compare the pricing, coverages offered and when the full amount of life insurance coverage begins, because some plans may have a graded benefit the first 2-3 years.
Also, find out if the rate will ever increase and the amount of life insurance ever decrease.
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