New York Legal Life For Aarp.com
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FAQ
The AARP Life Insurance Program is underwritten by New York Life Insurance Company, New York, NY 10010. AARP membership is required for Program eligibility. Specific products, features and/or gifts not available in all states or countries.
New York Life has been insuring Americans for more than 175 years and is one of the most recognizable insurance providers in the U.S. The company maintains a stellar financial strength rating with each major credit rating agency, including an A++ rating from AM Best and an A++ rating from Standard & Poors.
Does this coverage have a waiting period? No, there is no waiting period once your coverage takes effect.
The company faced a massive $250 million judgment in 1995 when it failed to pay out promised returns to its policyholders. When Bernie Madoff's massive Ponzi scheme was toppled, New York Life?an investor in the scheme?faced lawsuits by policyholders who lost millions of dollars in the aftermath.
Term Life Insurance Coverage AARP members can get an instant quote and apply online or by phone. Members can apply for up to $150,000 of coverage to help with funeral costs, rent or mortgage payments, unpaid bills and more.