Choice Mutual’s ratings are determined by our editorial team. The scoring formula considers consumer experience, policy cost, underwriting criteria, the insurer’s financial strength ratings, and complaint data.
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 that outlines the exact cost for various coverage amounts
Female monthly rates
| Age Bracket | $10,000 | $25,000 | $50,000 | $100,000 |
|---|---|---|---|---|
| 50-54 | Nonsmoker: $11 Smoker: $17 | Nonsmoker: $18 Smoker: $32 | Nonsmoker: $29 Smoker: $58 | Nonsmoker: $52 Smoker: $110 |
| 55-59 | Nonsmoker: $13 Smoker: $20 | Nonsmoker: $22 Smoker: $41 | Nonsmoker: $38 Smoker: $76 | Nonsmoker: $69 Smoker: $144 |
| 60-64 | Nonsmoker: $17 Smoker: $28 | Nonsmoker: $32 Smoker: $61 | Nonsmoker: $58 Smoker: $116 | Nonsmoker: $108 Smoker: $222 |
| 65-69 | Nonsmoker: $21 Smoker: $38 | Nonsmoker: $44 Smoker: $84 | Nonsmoker: $81 Smoker: $162 | Nonsmoker: $154 Smoker: $314 |
| 70-74 | Nonsmoker: $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 |
|---|---|---|---|---|
| 50-54 | Nonsmoker: $14 Smoker: $23 | Nonsmoker: $26 Smoker: $48 | Nonsmoker: $45 Smoker: $90 | Nonsmoker: $79 Smoker: $164 |
| 55-59 | Nonsmoker: $18 Smoker: $31 | Nonsmoker: $36 Smoker: $68 | Nonsmoker: $65 Smoker: $130 | Nonsmoker: $116 Smoker: $238 |
| 60-64 | Nonsmoker: $24 Smoker: $43 | Nonsmoker: $50 Smoker: $97 | Nonsmoker: $94 Smoker: $188 | Nonsmoker: $171 Smoker: $348 |
| 65-69 | Nonsmoker: $31 Smoker: $56 | Nonsmoker: $67 Smoker: $131 | Nonsmoker: $128 Smoker: $256 | Nonsmoker: $236 Smoker: $478 |
| 70-74 | Nonsmoker: $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 showing sample monthly premiums.
| Age | Female $10,000 | Male $10,000 | Female $25,000 | Male $25,000 |
|---|---|---|---|---|
| 50 | Nonsmoker: $26 Smoker: $42 | Nonsmoker: $34 Smoker: $55 | Nonsmoker: $58 Smoker: $99 | Nonsmoker: $148 Smoker: $131 |
| 55 | Nonsmoker: $31 Smoker: $49 | Nonsmoker: $44 Smoker: $69 | Nonsmoker: $72 Smoker: $116 | Nonsmoker: $104 Smoker: $164 |
| 60 | Nonsmoker: $38 Smoker: $58 | Nonsmoker: $52 Smoker: $83 | Nonsmoker: $87 Smoker: $138 | Nonsmoker: $124 Smoker: $201 |
| 65 | Nonsmoker: $49 Smoker: $75 | Nonsmoker: $66 Smoker: $103 | Nonsmoker: $114 Smoker: $181 | Nonsmoker: $158 Smoker: $251 |
| 70 | Nonsmoker: $65 Smoker: $103 | Nonsmoker: $85 Smoker: $137 | Nonsmoker: $156 Smoker: $252 | Nonsmoker: $206 Smoker: $335 |
| 75 | Nonsmoker: $83 Smoker: $138 | Nonsmoker: $106 Smoker: $170 | Nonsmoker: $203 Smoker: $343 | Nonsmoker: $259 Smoker: $423 |
| 80 | Nonsmoker: $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 are some sample monthly premiums.
| Age | Female $10,000 | Male $10,000 | Female $25,000 | Male $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.
| Company | Male, 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.
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.
