The low-frequency noise sources are investigated in as-prepared and aged GaN light-emitting diodes ͑LEDs͒. Accelerated aging is performed by thermal ͑300 h at 240°C͒ and electrical forward-bias stressing ͑20 and 50 mA for 2500 h͒. At low currents I Ͻ I RTS , where I RTS is a critical current, the low-frequency noise is dominated by random telegraph signal ͑RTS͒ noise on top of the 1/ f noise. An explanation is given for the giant relative current jumps ⌬I / I Ϸ 50% and an expression for I RTS is derived. The RTS noise in our devices is a less-sensitive diagnostic tool for studying the results of accelerated aging. Two components of the 1 / f noise were observed: one is related to the quantum-well junction and the other is due to series resistance noise. The two 1 / f spectra have different current dependences. It was found that the junction 1 / f noise is not significantly affected by aging. However, a strong increase in series resistance noise, by a factor of 60-800 compared to unstressed devices, is observed after strong electrical and thermal aging. This high increase goes hand in hand with a relatively small increase in the value of the series resistance ͑13%-90%͒. This makes 1 / f noise a very sensitive reliability indicator for GaN LEDs after accelerated aging. We discuss the physical origin of LED degradation.