How to Make AARP Life Insurance Payments

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Having life insurance provides peace of mind knowing your loved ones will be taken care of financially in your absence. As an AARP life insurance policyholder, you have a responsibility to pay your premiums on time to keep your policy active. This comprehensive guide will explain how to make payments for AARP life insurance easily and efficiently.

Payment Methods

AARP offers policyholders multiple ways to pay their life insurance premiums

• Online – The fastest way to pay. Login to your AARP account anytime to make one-time or recurring payments

• Phone – Call the AARP life insurance payment line at 1-800-555-5555 and pay with a debit/credit card or electronic check.

• Mail – Send a check or money order payable to AARP to the payment address provided on your bill statement.

• Automatic bank draft – Set up recurring automatic payments from your checking account each month

Choose the payment method that is most convenient for you. Many customers appreciate the ease of quick online payments or autopay.

When are Payments Due

AARP life insurance payment due dates depend on your specific policy and billing schedule:

• Monthly billing – Monthly premium payments are due on the same date each month, like the 5th or 15th. This date is listed on your policy documents.

• Quarterly billing – If billed quarterly, payments are due on the same date every 3 months.

• Annual billing – Annual billing means one payment for the full policy year is due at once.

Pay close attention to your bill statement for the exact due date to avoid issues like lapses in coverage. Set payment reminders to ensure timely payment.

Late Payment Grace Period

If you miss an AARP life insurance payment due date, you typically have a 30 day grace period to pay before your policy lapses. However, taking advantage of the grace period frequently can lead to policy cancellation down the road.

Strive to pay on time according to your policy’s set billing schedule. Contact AARP immediately if you anticipate challenges making payments so they can advise payment solutions.

Penalties for Late Payments

Frequent late payments on your AARP life insurance policy can result in fees and penalties:

• Late fees around $20-50 may be charged for payments more than 10-15 days past due.

• After 30 days late, your policy may lapse requiring you to pay past due premiums for reinstatement.

• Significant delays in payment can lead to permanent policy cancellation by AARP.

• If your policy lapses, you lose life insurance coverage during that time.

Avoid fees and disruption of coverage by carefully paying your premiums on or before the due date.

Having Trouble Making Payments

If you experience financial hardship and struggle to pay your AARP life insurance premiums, don’t wait – call AARP immediately to discuss your options:

• Payment plans or installments may be available to pay monthly.

• Policy adjustment like lower face value could reduce your premiums.

• Policy cancellation is a last resort if you truly cannot afford payments.

AARP aims to work with policyholders to handle payment challenges proactively, before late fees or lapses occur. Be proactive and contact their billing department right away if problems arise.

Paying AARP life insurance premiums on time takes diligence, but offers peace of mind. Use online payments for convenience, understand your payment schedule, and seek help early if you have trouble making payments. With sound payment practices, you can keep your valuable coverage active for life.