AARP Life Insurance and Medicare Insurance: An Overview
The American Association of Retired Persons (AARP) boasts a
membership of over thirty five million people aged fifty years
and older. The massive non-profit organization is recognized as
a political advocacy powerhouse whose influence seems to grow
along with the "graying" of America. AARP, however, does not
limit itself exclusively to legislative lobbying for its
membership demographic; it also (in conjunction with established
companies) provides insurance opportunities to its members. Two
of these products include AARP life insurance and AARP Medicare
health insurance.
AARP Life Insurance
For well over ten years, AARP has been offering whole and term
life insurance policies to its members in association with the
New York Life. The AARP life insurance program offers plans
featuring premiums touted as "affordable" that are specifically
designed for people age fifty and older. Coverage amounts vary,
with policies being available with benefits ranging from only a
few thousands of dollars to fifty thousand dollars.
AARP life insurance is available to any AARP member between the
ages of fifty and eighty. Spouses of AARP members may also
receive coverage, so long as they are forty-five years of age or
older. AARP life insurance does not require a medical exam.
According to AARP, approval is based on answers to "three simple
health questions." Policies can be applied for via mail and the
program touts the ease of application and approval as two of its
strengths.
AARP Medicare Insurance
AARP offers a health insurance policy designed to supplement the
coverage provided by Medicare. This "Medicare Supplement
Insurance" is offered in association with United HealthCare
Insurance Company. Premised on the notion that Medicare
generally covers slightly more than half of an individual's
health care expenses, AARP's Medicare health insurance plan
seeks to provide a means by which to cover costs such as
co-insurance, deductibles and prescription medications.
AARP's Medicare health insurance program allows members to
continue utilization of their own physicians and is promoted
with a focus on its ease of use, as well as its coverage. For
instance, AARP members using this supplementary insurance plans
are not required to fill out claim forms and the coverage is
valid across the U.S., making it available for use when
traveling and in other similar circumstances. According to AARP,
rates for this insurance product are not increased based on age
alone. Individuals are not to be "singled out" for rate
increases, either. Rate changes are applied to all members of a
matching class insured under the plan and residing in the same
state.
AARP is one of America's largest organizations and is one of its
most politically powerful. In addition to using its membership
to wield political clout, AARP has also used its massive
membership as a group for insurance purposes. Teaming up with
established providers like New York Life and United HealthCare,
AARP offers its members insurance packages ranging from AARP
life insurance to AARP Medicare supplementary health insurance.
About the author:
Evan Davis works in Medicare customer service and is the
webmaster and owner of Easy Insurance Finder. Find out about
AARP life
insurance and
online life
insurance quotes at
http://www.easy-insurance-finder.com
