Cancel Your AARP (New York Life) Life Insurance Policy Online or by Phone

Knowing how to cancel your AARP life insurance policy ensures a smooth transition and can help you get better coverage. You can cancel your life insurance at any time, but you may not receive a full refund depending on what type of policy you have. You can cancel both by calling the company directly or by managing your life insurance account online.

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Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. She has worked for small health in...

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Benjamin Carr was a licensed insurance agent in Georgia and has two years' experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent

UPDATED: Jul 19, 2021

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Quick Facts

  • You may be able to cancel 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 AARP life 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.

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Contact Info for AARP Life Insurance

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 do you need and realize that AARP isn’t sufficient. The highest amount of coverage available is only $100,000, and you may need more.

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