AARP Burial Insurance Review: Is It the Right Choice for Seniors in 2025?
Written by Daniel Ray, Life Insurance Expert |
✅
Fact Checked by
Lisamarie Monaco |
Editorial Disclosure
When planning for end-of-life expenses, many seniors consider AARP burial insurance as a potential solution.
This article provides an in-depth review of AARP’s burial insurance options, including coverage details, costs, and comparisons to other providers, helping you determine if it’s the right choice for your needs.
What is AARP Burial Insurance?
AARP, in partnership with New York Life, offers life insurance policies designed to help cover final expenses such as funerals, medical bills, and outstanding debts.
These policies are available exclusively to AARP members and are tailored for seniors seeking financial protection for their loved ones.
AARP Burial Insurance Policy Options
AARP provides several life insurance options suitable for covering burial expenses:
1. Level Benefit Term Life Insurance
- Coverage Amounts: Up to $150,000.
- Age Eligibility: 50 to 74 for members; 45 to 74 for spouses/partners.
- Premiums: Increase every five years.
- Policy Expiration: Coverage ends at age 80.
Note: This term life policy may not be ideal for those seeking lifelong coverage for burial expenses due to its expiration at age 80 and increasing premiums.
2. Permanent Whole Life Insurance
- Coverage Amounts: Up to $50,000.
- Age Eligibility: 50 to 80 for members; 45 to 80 for spouses/partners.
- Premiums: Fixed for life.
- Policy Duration: Lifelong coverage.
Note: This policy requires answers to health questions but offers fixed premiums and lifelong coverage, making it a viable option for burial expense planning.
3. Guaranteed Acceptance Whole Life Insurance
- Coverage Amounts: Up to $25,000.
- Age Eligibility: 50 to 80 for members; 45 to 80 for spouses/partners.
- Premiums: Fixed for life.
- Policy Duration: Lifelong coverage.
- Medical Exam: None required; acceptance is guaranteed.
- Waiting Period: Two-year waiting period for full death benefits.
Note: While acceptance is guaranteed, the two-year waiting period means full benefits aren’t available immediately.
*Ballpark Quote
Cost of AARP Burial Insurance
AARP Burial Insurance typically covers:
- Funeral and burial expenses
- Cremation costs
- Funeral service fees
- Caskets and urns
How Much Does It Cost?
Premiums for AARP burial insurance vary based on age, gender, coverage amount, and health status. Below are sample monthly rates for a $10,000 and a $25,000 whole life policy:
AARP Whole Life Quotes for Females:
| Age | $10,000 (monthly rates) | $25,000 (monthly rates) |
|---|---|---|
| 50 | $24 | $55 |
| 55 | $30 | $68 |
| 60 | $36 | $83 |
| 65 | $47 | $109 |
| 70 | $62 | $148 |
| 75 | $79 | $193 |
| 80 | $92 | $225 |
AARP Whole Life Quotes for Males:
| Age | $10,000 (monthly rates) | $25,000 (monthly rates) |
|---|---|---|
| 50 | $33 | $77 |
| 55 | $42 | $99 |
| 60 | $50 | $118 |
| 65 | $62 | $150 |
| 70 | $81 | $196 |
| 75 | $100 | $246 |
| 80 | $122 | $301 |
Whole Life Policy Features:
| Feature | Detail |
|---|---|
| Policy Type | Whole Life |
| Exam Required | No |
| Health Questions | Yes |
| Age Range To Apply | 50-80 (Spouses: 45-80) |
| Prices Increase | Never |
| Coverage Options | $5,000-$50,000 |
| States Available | All |
| Policy Expires | Never |
| 2-Year Waiting Period | No |
| No Cost Terminal Illness Rider Included | Yes |
| Cash Value | Yes |
Note: These rates are higher compared to some competitors offering similar coverage.
*Ballpark Quote
Factors Affecting the Cost
- Age: Older applicants may pay higher premiums.
- Health: While some policies don’t require a medical exam, your health status can impact rates.
- Coverage Amount: Higher coverage amounts result in higher premiums.
Keep in mind, AARP Burial Insurance, while reputable, imposes strict underwriting guidelines that may limit eligibility for many seniors. These stringent requirements can make it challenging for those with pre-existing health conditions to qualify.
Consequently, there are more favorable options available that offer easier acceptance and often at more competitive rates. Exploring alternatives could yield policies with immediate coverage and fewer health-related barriers, providing a better solution for securing affordable burial insurance.
If you dont qualify for coverage then you may qualify for this.
AARP Guaranteed Acceptance Quotes for Females:
| Age | $10,000 (monthly rates) | $25,000 (monthly rates) |
|---|---|---|
| 50 | $45 | $110 |
| 55 | $52 | $129 |
| 60 | $60 | $147 |
| 65 | $72 | $177 |
| 70 | $87 | $215 |
| 75 | $100 | $248 |
| 80 | $112 | $278 |
AARP Guaranteed Acceptance Quotes for Males:
| Age | $10,000 (monthly rates) | $25,000 (monthly rates) |
|---|---|---|
| 50 | $59 | $146 |
| 55 | $69 | $169 |
| 60 | $80 | $199 |
| 65 | $91 | $225 |
| 70 | $108 | $268 |
| 75 | $123 | $306 |
| 80 | $145 | $360 |
Features of AARP Guaranteed Acceptance:
| Feature | Detail |
|---|---|
| Policy Type | Whole Life |
| Cash Value | Yes |
| Exam Required | No |
| Applied Age Range | 50-80 (Spouses: 45-80) |
| Health Questions | No |
| Coverage Options | $5,000-$25,000 |
| Policy Expires | Never |
| 2-Year Waiting Period | Yes |
| States Available | All except AK, LA, NJ, & OR |
| No Cost Terminal Illness Rider Included | Yes (after 2 years) |
| Prices Increase | Never |
*Ballpark Quote
Comparing AARP Burial Insurance to Our Partners
how does AARP Burial Insurance stands out?
- Competitive rates
- No-medical-exam options
- Trusted brand reputation
Comparing AARP to other providers, you’ll find it offers unique benefits and comprehensive coverage, making it a top choice for seniors.
Below is a comparison for both male and female, age 50-90, for $10,000 in coverage. This is AARP Burial Insurance versus being being properly shopped by us.
When evaluating burial insurance options, it’s essential to compare coverage, costs, and terms. Here’s how AARP stacks up against other providers:
$10,000 in Whole Life for a Male
| Age |
|
|
|---|---|---|
| 50 | $33.00 | $27.35 |
| 55 | $42.00 | $32.78 |
| 60 | $50.00 | $41.74 |
| 65 | $62.00 | $53.75 |
| 70 | $81.00 | $69.23 |
| 75 | $100.00 | $96.58 |
| 80 | $122.00 | $134.16 |
| 85 | N/A | $192.49 |
| 90 | N/A | $354.11 |
$10,000 in Whole Life for a Female
| Age |
|
|
|---|---|---|
| 50 | $24.00 | $21.78 |
| 55 | $30.00 | $26.26 |
| 60 | $36.00 | $32.60 |
| 65 | $47.00 | $41.01 |
| 70 | $62.00 | $52.03 |
| 75 | $79.00 | $71.64 |
| 80 | $92.00 | $97.50 |
| 85 | N/A | $131.66 |
| 90 | N/A | $299.77 |
Consistantley being properly shopped you will experience a 10%-30% in savings over AARP burial insurance.
Key Takeaway: AARP’s burial insurance premiums tend to be higher than those of some competitors, and coverage amounts may be limited. Exploring multiple providers can help you find the best fit for your needs and budget.
*Ballpark Quote
Pros and Cons of AARP Burial Insurance
Pros:
- No Medical Exam: Simplifies the application process.
- Guaranteed Acceptance Option: Ensures coverage regardless of health status.
- Fixed Premiums: Premiums remain constant throughout the policy.
Cons:
- Higher Premiums: More expensive compared to some other providers.
- Coverage Limitations: Maximum coverage amounts may be insufficient for some individuals’ needs.
- Waiting Period: Guaranteed acceptance policy includes a two-year waiting period for full benefits.
Eligibility and Application Process
Are There Age Limits or Health Requirements?
AARP Burial Insurance is typically available to seniors aged 50 and above. Some policies offer no-medical-exam options, making it easier for those with health issues to get coverage.
How to Apply for AARP Burial Insurance
Applying is straightforward. You can:
- Visit the AARP website and fill out an online application.
- Call an AARP representative to guide you through the process.
- Complete necessary documentation and submit it for approval.
Payment and Claims
What Happens if I Miss a Payment?
AARP Burial Insurance policies often include a grace period for missed payments. If you miss a payment, contact AARP immediately to discuss your options for reinstating the policy.
How Long Does It Take for the Benefit to Be Paid Out?
The claims process is designed to be quick and efficient. Typically, benefits are paid out within a few weeks once all required documentation is submitted.
*Ballpark Quote
Flexibility and Customization
Can My Family Choose Any Funeral Home?
Yes, AARP Burial Insurance allows your family to choose any funeral home, providing flexibility to meet your specific needs and preferences.
Is the Coverage Amount Fixed or Can It Be Adjusted?
You can adjust your coverage amount to better fit your changing needs. Contact AARP to discuss how to modify your policy.
Are There Any Additional Fees or Hidden Costs?
AARP Burial Insurance policies are transparent about costs. Be sure to read the policy details to understand any potential fees.
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Frequently Asked Questions (FAQs)
A policy designed to cover funeral and burial expenses.
Costs vary based on age, health, and coverage amount.
Covers funeral services, burial plots, cremation costs, and more.
Typically for seniors aged 50 and above, with some no-medical-exam options.
Yes, AARP offers options for those with health issues.
Apply online, call a representative, or complete the necessary documentation.
Contact AARP immediately to discuss reinstatement options.
Usually within a few weeks after submitting all required documentation.
Yes, AARP allows flexibility in choosing a funeral home.
Coverage amounts can be adjusted to fit changing needs.
AARP policies are transparent about costs.
AARP offers competitive rates, no-medical-exam options, and a trusted brand.
Premium structures vary, so check your specific policy details.
Yes, AARP provides options for policy cancellation.
AARP offers customer support via phone and online resources.
Conclusion
AARP Burial Insurance is a reliable and trusted option for seniors looking to ease the financial burden on their loved ones. With comprehensive coverage, flexible options, and competitive rates, it’s designed to meet your needs and provide peace of mind.
For more information and to get started, visit the AARP website or speak with a representative today.
*Ballpark Quote
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1 Comment
Jim lettis
I have a policy with Wellabe. Paying $134 a month. Seems hi for final expense insurance. I'm 72. Health issues