How To Cancel Your AARP Life Insurance Policy [2023]
You can cancel your AARP life insurance policy at any time, but you may not receive a full refund depending on what type of policy you have. You can cancel New York Life AARP insurance by phone or online.
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Benjamin Carr
Former State Farm Insurance Agent
Benjamin Carr worked as a licensed insurance agent at State Farm and Tennant Special Risk. He sold various lines of coverage and informed his clients about their life, health, property/casualty insurance needs. Assessing risks and helping people find the best coverage to suit their needs is a passion of his. He appreciates that insurance was designed to protect people, particularly during times...
Former State Farm Insurance Agent
UPDATED: Apr 20, 2022
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance company and cannot guarantee quotes from any single company.
Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.
UPDATED: Apr 20, 2022
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance company and cannot guarantee quotes from any single company.
Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- You may be able to cancel your AARP life insurance policy with no penalties and a refund if you’re still in the free look period
- You can get a cash refund if your policy is for permanent life insurance, not term life
- You can contact AARP life insurance customer service both by phone and online
One of the many benefits of AARP membership is the deals you can get. AARP offers insurance products like term life insurance through the New York Life Insurance company.
Sometimes though, it just isn’t the best option for you. Then you need to find out how to cancel your AARP life insurance policy. This guide will show you exactly how to do so with no hassle.
You can also find the best life insurance rates after you cancel your AARP life insurance policy today. Enter your ZIP code for free life insurance quotes from top providers offering affordable life insurance right now.
How do I cancel my New York Life AARP insurance policy?
AARP’s insurance policies contain a 30-day free look period. During this month, you can cancel your coverage without penalty. In addition, all premiums you’ve paid will be refunded in full.
Has more than a month passed? Then the cancellation policy is determined by your plan type, either term life or permanent.
You can still cancel your contract if you have term life insurance, but you will not receive a refund of your paid premiums.
If you have permanent insurance, you can surrender your coverage before it reaches its maturity date. Then you get the accumulated cash value or pre-paid premiums less any fees.
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Can I cash out my AARP life insurance?
Unlike term insurance, which has no cash value, permanent life insurance policies allow you to access the cash value that has built up over time.
However, there is a tradeoff. You’re lowering the death benefit to your beneficiaries. You do have the option of taking some cash and leaving some behind.
Just remember any money taken out of a permanent life insurance policy reduces the amount of money left to those beneficiaries.
AARP Life Insurance Phone Number
Contacting AARP life insurance customer service is possible both by phone and the web. Call 1 (800) 607-6957 8 a.m. to 8 p.m. Monday through Friday and 9 a.m. to 5 p.m. on Saturday (all times are Eastern time zone).
Or, navigate to the New York Life AARP website, where you will have to register for online access if you haven’t already. It is possible to both manage and view your account through this method.
Now that you have all the information you need about how to cancel your AARP life insurance policy, you can buy life insurance simply by entering your ZIP code.
Frequently Asked Questions: Cancel Your AARP Life Insurance Policy
Still unsure about all the details of canceling your AARP life insurance policy? Read our FAQs below.
#1 –Why might you want to cancel your AARP life insurance policy?
You may find yourself asking how much life insurance you need and realize that AARP isn’t sufficient. The highest amount of coverage available is only $100,000, and you may need more.
Your life insurance quotes are always free.
Secured with SHA-256 Encryption
Benjamin Carr
Former State Farm Insurance Agent
Benjamin Carr worked as a licensed insurance agent at State Farm and Tennant Special Risk. He sold various lines of coverage and informed his clients about their life, health, property/casualty insurance needs. Assessing risks and helping people find the best coverage to suit their needs is a passion of his. He appreciates that insurance was designed to protect people, particularly during times...
Former State Farm Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.