Home | Retirement | Overview Of AARP

Overview of AARP

For some of you who are not aware of AARP, it is a US-based nonprofitable, nonpartisan, social welfare organization with a membership of 38 million that supports individuals to turn their goals and dreams into reality. With the assurance to empower, AARP focusses on strengthening the communities and fighting for the issues that matter the most, especially those related to family, health care, income security, employment, and protection financial exploitation.

Overview of AARP

AARP benefits and empowers Americans of the age of 50 years and above to live life on their own terms and choose how to live as they grow older. AARP is also a third-party provider with high-quality products, services, and discounts, respectively catering a sole of needs and bestow the requirement of each their members. There are many companies in the USA that provide AARP-branded contributions with high-end standards, products, and plans.

AARP has strong groups with several affiliated structured companies.

  • AARP Experience Corps
    This a non-profit charity that empowers people of 50 years of age to mentor and in turn to be an instructor for school children.
  • AARP Foundation
    This is a non-profit charity that supports people over 50 years of age for their social and economic risk. The programs are focused to provide security, safety, and empowerment for older citizens in the USA. It is a great help for those who earn low income. They would be job trained, which will help them reconnect and rejoin the workforce. Another attraction is the free tax preparations that is given for individuals with low and moderate income, and there is also a special section for those aged 60 and above. The additional events are conducted to lead the 50+ people by ensuring a life of dignity, independence and purpose by providing education, information and other basic knowledge services.
  • AARP Services Inc.
    This is a profitable corporation that administers quality control and research. It also offers legal counsel for the elderly and has a non-profit charity that administers to support low or no-cost legal assistance to seniors in Washington, D.C. These services are offered as a benefit to AARP members. They cover offers for health products, travel, and other leisure products and life event assistance. Specifically, they give discounts on health products, rental cars, vacation packages, lodging, and cruises. Special offers are on technology, gifts, legal services, long term care insurance, and pharmacy assistance.
  • AARP Institute is also a no profit charity that carries out the execution of AARP’s charitable gift annuity funds.
  • AARP Insurance Plan is a group that holds AARP’s group health insurance policies.
  • AARP Financial Services Corporation is a for-profit organization that operates AARP’s real estate. It is also a subsidiary that operates AARP-endorsed financial products.

As AARP owns huge memberships under its wing, it can generate fund for their operations without depending on government grants or seek private sponsors. For some of their programs, AARP does receive from both. AARP’s extensive sources of income shown accordingly in its consolidated financial statements.

They obtain royalties for the rights while companies utilize AARP’s intellectual property (name, logo, etc.). They are salaried by commercial traders of aids, products, and inference are open to AARP members of $838,649,000, Membership due of $295,180,000, and Advertisements published in its publication of $149,604,000.

How did AARP begin?
To talk about the official history, in the year 1958 Dr. Ethel Percy Andrus recognized AARP as a step forward from the National Retired Teachers Association (which was also established by Andrus in 1947 to serve her philosophy of productive aging, and develop the need for health insurance for retired teachers). Later, after 10 years, the organization was open to all Americans over 50+ years of age, which became the official creation of AARP. Currently, NRTA is a division within AARP. Dr. Andrus installed “Grey Gables,” an innovative new retirement home, while she lived in Ojai, California. The national headquarters for AARP were at Ojai from 1958 until the mid-1960s.

At the beginning, the organization was originally named as the American Association of Retired Persons. Later, in 1999, it officially changed its name to “AARP” with some policy changes.

Activities operated by AARP
AARP is, in general, recognized for supporting issues that are affected by older Americans in the course of a number of actions that includes lobbying forces at the state and national governmental level. It is an activity permitted by its 501(c) status. The organization affirms that it is a known partisan and do not support, oppose or serve money to any candidates or political groups. AARP provides extensive consumer information, volunteering opportunities, and events. Middle-class security has been an influential focus for the company in recent years.

In the year 2013, there was a huge impact by the launch of Life Re-imagined. It was a first-of-its-kind series of online and offline experiences that mentor people through life transitions events by helping them discover new possibilities and associate them with a group of people pursuing related passions and goals.

Disclaimer:
The content provided on our blog site traverses numerous categories, offering readers valuable and practical information. Readers can use the editorial team’s research and data to gain more insights into their topics of interest. However, they are requested not to treat the articles as conclusive. The website team cannot be held responsible for differences in data or inaccuracies found across other platforms. Please also note that the site might also miss out on various schemes and offers available that the readers may find more beneficial than the ones we cover.