I am angry beyond belief that a group, whose sole function is to protect seniors, would perpetrate this falsehood for NY Life's growth. Thanks for nothing AARP!
Who said AARP's sole function is to protect seniors? Their mission states: AARP’s mission is to empower people to choose how they live as they age.
I am sorry that you are upset over something that you thought you had that turned out to be something else. If that is not the case, find your policy, read it and then take action.
AARP Services, Inc. is the [profit-making] business arm of the organization that that puts together these branded with AARP name benefits for membership.
What type of policy do you have? Have you read your policy?
There are many many different types and all the particulars should be documented in your policy.
Currently they offer:
- Level Benefit Term
- Permanent Life
- Guaranteed Acceptance Life
14 years ago, they may have offered other types too - I don't know.
The disclosure is at the bottom of the page:
AARP does not recommend any insurance product - read the disclosure - they only receive royalties for the use of the AARP (R) name. I doubt that you purchased it thru AARP either.
From the AARP LIFE INSURANCE PROGRAM FROM NEW YORK LIFE benefit page:
AARP commercial member benefits are provided by third parties, not by AARP or its affiliates. Providers pay a royalty fee to AARP for the use of its intellectual property. These fees are used for the general purposes of AARP. Some provider offers are subject to change and may have restrictions.
The AARP Life Insurance Program is underwritten by New York Life Insurance Company, New York, NY 10010. AARP membership is required for Program eligibility. Specific products, features and/or gifts not available in all states or countries. New York Life pays royalty fees to AARP for the use of its intellectual property. These fees are used for the general purposes of AARP. AARP and its affiliates are not insurers. The life information material includes details on costs, eligibility, renewability, limitations and exclusions.
Not all products are available in all states.
It's Always Something . . . . Roseanna Roseannadanna