Yes Virginia, You Really Do Need a License

[VolAgent]

Looks like someone has AARP in their cross hairs. I am curious what impact this will have, beyond AARP having to get a license.

9th Circuit Reinstates AARP Medigap Suit

 

[somarco]

"Selling" insurance without a license could be a problem . . . even if you call the commission a royalty . . .

 

[sshafran]

Another note/question... article states, "First, AARP solicited its members’ enrollment in the Medigap program."

It seems to me, if I'm not mistaken, that AARP has never just said, "AARP Members - join this group med supp" - rather, they solicit non-members as much as, if not more than, their members. I could be wrong...

 

[adjusterjack]

Of course it's a commission. If it walks like a duck and quacks like a duck, it's a duck.

I'm betting that AARP also gets a piece of the action from the auto insurance that it touts.

 

[somarco]

Well they don't make much from those $15 dues but sure collect a lot in "royalties"
https://www.aarp.org/content/dam/aarp/about_aarp/about_us/2017/2016-financial-statements-AARP.pdf

Scott, AARP promotes the BENEFITS of membership, such as savings on insurance, cruises, hotels, meals . . . .

If you want one of their products for "members only" you have to join.

 

[VolAgent]

Well they don't make much from those $15 dues but sure collect a lot in "royalties"
https://www.aarp.org/content/dam/aarp/about_aarp/about_us/2017/2016-financial-statements-AARP.pdf

Scott, AARP promotes the BENEFITS of membership, such as savings on insurance, cruises, hotels, meals . . . .

If you want one of their products for "members only" you have to join.

If you dig deeper, about 2/3rds of that is coming from UHC. The branding for Medicare is what makes it all happen.