How Much Does Aarp Life Insurance Cost? 
That is a great question , and I 'm really glad that you asked ! AARP uses a system called `` age banding '' to set the rates they charge . Your premium is determined at first by your age when you purchase the policy . Then when you age into the next `` age band '' , your rates increase , until you move into the next one . For example , let 's say that you purchase a $ 10,000 policy with them at the age of 64 . Your price is $ 24.85 -LRB- their listed price for a 64 yr old male -RRB- . Your premium would be $ 298.20 for the year . On your birthday the next year , your rate increases to $ 31.99 a month , or $ 383.88 a year . You will pay that until your 70th birthday , when the rate increases to $ 44.65 -LRB- $ 535.80 a year -RRB- . They did not list the prices for the final age bracket of 75-79 , but you should expect that it also jumps up a good amount . Their policy ends upon your 80th birthday . They also offered a whole life policy for the same amount at $ 56.00 a month . Their policies are offered by New York Life , and are guaranteed issue , which means that if you pass for any reason within the first two years of the policy , you will receive your premiums paid , and some interest . To get access to these policies , you must be an AARP member , which entails the monthly payment of membership dues , effectively raising your cost of insurance by that same amount , unless you are taking advantage of other programs . Please contact me for more information , okay ? Thanks for asking ! 