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Originally Posted by YeOldeCurmudgeon
I don't know if you are correct--that's what they want you to believe.
Once I had a question about "their" auto insurance rates that I was "allegedly" getting a discount with my AARP membership and queried AARP that I could get a lower rate with other companies. Did I ever get stonewalled. I got the distinct impression that AARP is the parent company for those insurance companies and is the marketing tool for them.
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I spent 25 years in the insurance industry, most of then in management capacities with New York Life. AARP sold NYLIC Life Insurance and I can assure you they had absolutely NO ownership interest in our mutual company. They simply negotiated with us to offer a special, minimally underwritten, whole life policy tailored to their members needs. They received commissions for sales like any other approved broker.