AARP Insurance provides their product - Level Benefit Term Life Insurance for AARP members in the age group of 50 to 74 with no medical exam required. Level Benefit Term coverage cab be used to help pay off outstanding mortgages or loan balances, increase a surviving spouse's retirement nest egg, or offset final illness and funeral expenses. Once accepted, the premiums increase as one enters a new five-year age band. At that time one can exchange for Group Permanent Life Insurance with no medical exams necessary. Rates for this product are based on age at the time of exchange.