FAQs
About AARP Guaranteed Acceptance Life Insurance coverage
Learn more about life insurance coverage.
Cost and Rates
Life Insurance Considerations
Additional Information
* If you’re already insured with the Program, the full coverage amount may not be available.
1 Pennsylvania residents: Minimum benefits are paid as follows: (a) for issue age 45, for death during the first year, 15% of the amount in force and for death during the second year, 40% of the amount in force; (b) for issue ages 46 through 55, for death during the first year, the greater of 10% of the amount in force or 121% of premiums due and payable through the first year, and for death during the second year, 30% of the amount in force; and (c) for issue ages 56 or over, for death during the first year, a minimum benefit of 121% of premiums due and payable through the first year, and for death during the second year, the greater of 15% of the amount in force or 131% of premiums due and payable through the first and second years.
Missouri residents: whose age at issue is 76 or over, a minimum benefit of 50% of the amount in force is paid, if death occurs during the first two years.
Minnesota residents: The minimum benefit payable is 400% of premiums due and payable through the first year, if death occurs during the first 2 years.
Montana residents: death due to accidental or natural causes during the first two years of coverage pays just a portion of the benefit amount. During this period, your beneficiary receives an amount equal to 110% of the premiums paid.
2 Living Benefit: Please note that receipt of “living benefit” (accelerated death benefit) insurance proceeds may affect your eligibility for public assistance programs. Proceeds may be taxable. You may wish to consult your financial adviser and/or attorney to determine how this may affect your personal situation. Premiums will be lower when the benefit amount decreases by one-half.
Florida and New York Residents: Please note that receipt of “accelerated benefit” insurance proceeds may affect your eligibility for public assistance programs. Proceeds may be taxable. You may wish to consult your financial adviser and/or attorney to determine how this may affect your personal situation. Premiums will be lower when the benefit amount decreases by one-half.
Texas residents: Death Benefits will be reduced if a “Living Benefit” (accelerated death benefit) is paid. The acceleration of life insurance benefits offered under this certificate is intended to qualify for favorable tax treatment under the IRC of 1986. If these benefits qualify for favorable tax treatment, the benefits are excludable from your income and not subject to taxation. You are advised to consult with a qualified tax advisor about circumstances under which you could receive acceleration of life insurance benefits excludable from income under federal law. Receipt of acceleration of life insurance benefits could also affect your and your family's eligibility for public assistance programs (Medicaid, AFDC, SSI, or drug assistance). You are advised to consult with a qualified tax advisor and with social service agencies to determine how receipt of these benefits will affect your eligibility for public assistance. Premiums will be lower when the benefit amount decreases by one-half.
3 Missouri and North Dakota residents: The suicide exclusion applies only for one year.
Florida residents: The licensed agent in Florida is Jason Montgomery.
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