AARP: Got You Covered

2008-10-15 16:08:08

( Insurance )



Life insurance for older people can be more difficult to acquire than life insurance for people who are relatively younger. Because an important factor of life insurance is life expectancy, those who are more advanced in years may have more difficulty in buying one.

It is a good thing that AARP was founded to address the needs and interests of persons 50 and older. It is dedicated to enhance the quality of life for all people as they age and provides a multitude of services to the ever-growing ageing segment of the population. AARP has life insurance products that features affordable premiums and valuable benefits for people 50 and older.

One important advantage of the AARP life insurance is that no physical exam is required for all products and for most products, once enrolled, benefits are payable from the very first day coverage takes effect which means there is no waiting period before full benefits are available.

There are two types of life insurance products available at AARP - permanent life insurance and term life insurance. Generally your choice will be determined by the need you are seeking to meet. You would buy a permanent life insurance if you want a lifelong protection wherein the benefit amount stays the same as long as you pay the premiums. If you need protection for only a specific period of time, then you should consider a term life insurance.

But AARP is more than just life insurance because it also has AARP homeowners insurance, AARP automobile insurance and member discounts on hotels, car rental, airlines, cruise lines and vacation packages among many others.

However, to enjoy all of these benefits, one must become a member of AARP. By being a member, you can enjoy exclusive benefits and discounts, and avail of their products and services. Membership is open to any person age 50 or above at a minimal cost. Application is easy as it can be done online or over the phone.

For individuals over the age of 50, buying a life insurance requires careful planning to make sure that every detail is clear. It is important that you know what you are getting into before making a commitment.


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