Common Questions About Young Start Life Insurance
Will my child or grandchild need a medical exam for this coverage?
No, he or she will not have to see a doctor or take any medical tests. Acceptance is based on answers to three simple health questions. Residents of Florida: Acceptance is based on answers to four simple health questions.Back to Top »
Why buy life insurance for a child?
This is permanent life insurance, a gift children won’t break or outgrow. By starting coverage for your children or grandchildren now, you’re giving them affordable protection they can keep their entire lives, regardless of health, jobs, or hobbies. It’s a head start on future financial security. Over time, it builds cash value.Back to Top »
Can I purchase AARP Young Start if I am not an AARP member?
No. You will need to join AARP to be eligible for this life insurance, which is available exclusively for AARP members and their spouses/partners. The good news is, it’s easy to become an AARP member, as long as you’re 50 years old or above. You and your spouse/partner can enroll in AARP for just $16 a year. Click here to join AARP now.Back to Top »
Who is the beneficiary of this coverage?
The beneficiary will be the child’s parent, guardian or estate representative until the child turns 21. At that time, he or she can change the beneficiary.Back to Top »
What happens when a child becomes an adult?
This is permanent life insurance, which your child or grandchild can keep for life as long as premiums are paid and there were no material misrepresentations on your original application. At age 21, the child will become the owner of the policy and will be responsible for paying premiums.Back to Top »
Can the rates be raised just because of changes in age or health?
No. Once a child is covered by AARP Young Start Life insurance from New York Life Insurance Company, he or she can’t be singled out for a rate increase. Premiums are not guaranteed. However, rates may change only if they are changed for all others in the same class of insureds under this policy.Back to Top »
What isn't covered?
There’s one exclusion. If death results from suicide in the first two years, benefits will not be paid. Missouri and North Dakota residents: The suicide exclusion applies only for one year.Back to Top »
- How is my family's privacy protected?
Is this coverage part of the only life insurance program endorsed by AARP?
Yes. The AARP Life Insurance Program from New York Life Insurance Company is the only life insurance program endorsed by AARP, and the life insurance products offered through this program are available exclusively to AARP members.Back to Top »
What if I apply…and change my mind later?
There’s no risk with this AARP-endorsed coverage. A 30-day free look guarantees your satisfaction. You’ll receive a Certificate of Insurance when coverage is approved. If you decide this coverage isn’t for you, for any reason, you can return it within 30 days and receive a refund of any premium paid.Back to Top »
How do I get started?
AARP members can simply request a free information kit by mail. It includes an application and complete information about how to apply for AARP Young Start. Not an AARP member yet? Click here to join. Once an AARP member, you can request a free information kit by mail.Back to Top »