How To Cancel Your AARP Life Insurance Policy [2025]

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.

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.

Case Studies: Canceling AARP Life Insurance Policies

Case Study 1: Term Life Insurance Cancellation

John, a policyholder with AARP term life insurance, wants to cancel his coverage after two years. Despite his decision to terminate the policy, he understands that he will not receive a refund for the premiums he has paid thus far.

Case Study 2: Permanent Life Insurance Surrender

In Casey’s situation, she holds a permanent life insurance policy through AARP. Due to financial constraints, Casey decides to surrender her coverage before its maturity date. As a result, she receives the accumulated cash value or pre-paid premiums minus any applicable fees.

Case Study 3: Accessing Cash Value

Samuel has a permanent life insurance policy with AARP and wants to access the cash value that has built up over time. However, he understands that withdrawing funds will reduce the death benefit that his beneficiaries will receive upon his passing. Samuel carefully weighs his options before making a decision.