AARP Final Expense

[jdeasy]

What's the rest of the story, Scott? The phone interrupt you?

He must have. Anyway, I know he was going to say they got busted by 60 Minutes.

 

[arnguy]

He must have. Anyway, I know he was going to say they got busted by 60 Minutes.

Thank you for filling me in. He just left it hanging there like an old time movie serial.

 

[Chazm]

The AARP branded life insurance is either term or UL. They have nothing else.

The term is worthless as it increases in premium at least every 5 years, {they even say at their website that it can be increased at other times}, and it ends at age 80, the worst part of it in my opinion.

Their "permanent life" is a UL. It also says clearly at the website and in the policy that the premiums are "not guaranteed". No, it doesn't end at age 80, but, will they be able to afford it?

Of course the premium will most likely not increase, but showing a senior the language where it can from the company is priceless.

Great! Thanks for that. This should easier than I originally thought

 

[Newby]

Thank you for filling me in. He just left it hanging there like an old time movie serial.

Back when 60 Minutes did ambush TV and blew the lid off corporate scams they did a little story on AARP and The government got involved soon after. They got split up.

Andy Rooney did the story and still bad mouths AARP to this day for what they were pulling on seniors back in the 1980s.

Read your history books.
- - - - - - - - - - - - - - - - - -
The part about split up means AARP and Colonial Penn. Until then they were in the same building with the same board of directors and the same executives and lawyers but they marketed with the angle that AARP was RECOMMENDING Colonial Penn as the best choice even though their products were considered a poor choice when compared to the others.

 

[arnguy]

Back when 60 Minutes did ambush TV and blew the lid off corporate scams they did a little story on AARP and The government got involved soon after. They got split up.

Andy Rooney did the story and still bad mouths AARP to this day for what they were pulling on seniors back in the 1980s.

Read your history books.
- - - - - - - - - - - - - - - - - -
The part about split up means AARP and Colonial Penn. Until then they were in the same building with the same board of directors and the same executives and lawyers but they marketed with the angle that AARP was RECOMMENDING Colonial Penn as the best choice even though their products were considered a poor choice when compared to the others.

Thanks, Scott.