mickeyd
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I fell off my chair when reading this article in a recent issue (July 2011) of Consumers Reports.
Imagine how low AARP insurance/other products would be if they were not scooping up over half a billion dollars in "hidden fees." Sure they can say "It's not AARP who is getting the kickback, it's AARP Services, a different organization". Are you still an AARP fan?
Insurance Deals, Consumer Reports
Imagine how low AARP insurance/other products would be if they were not scooping up over half a billion dollars in "hidden fees." Sure they can say "It's not AARP who is getting the kickback, it's AARP Services, a different organization". Are you still an AARP fan?
AARP Services, the for-profit arm of the nonprofit membership organization and a big player in affinity marketing, collected almost $657 million in royalty revenues from the sale of insurance and other products and services in 2009.
That means your premiums don't just pay the cost of your insurance. They also provide a subsidy to your association that averages 3 to 6 percent of premiums but can run as high as 29 percent. What do members get for that? In the 2003 study, about two-thirds were satisfied; the most common complaints were about premium increases, slow or inadequate claims settlement, and inadequate coverage.
Insurance Deals, Consumer Reports