The benefits of being an AARP member include everyday discounts for restaurants, hotels, travel services, and a wide range of products. There are also financial resources that provide lifetime security.
Financial tools help members grow their investments, plan for the future of family members, receive the best healthcare at affordable costs, and increase their purchase power.
Seniors who are age 50 and over qualify for membership that will save them money and improve their lifestyle with a variety of financial opportunities.
Here are six financial resources for AARP members:
1. Affordable term life insurance — Policies are available for AARP members through New York Life Insurance Company with no medical exam or waiting periods. The coverage handles costs families may need for medical and funeral bills, mortgage payments, rent, utilities, and unpaid bills and debts.
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2. Investment services — Retirement planning is made easier with AARP investment services from TD Ameritrade. Financial specialists help members understand the best way to invest for their particular needs. There are also commission-free trades, special discounts, and cash awards.
3. Guaranteed income annuities — Members have the opportunity for fixed continuous income through a lifetime income program from New York Life Insurance and Annuity Corporation. The monthly annuity income is locked in to cover expenses for life.
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4. College savings — Solutions to protect loved ones from the burden of debt help pay the costs for tuition, books, housing, and other expenses faced by college students. Members can take advantage of 529 college savings plans that offer tax-deferred growth from TIAA.
5. Medical plans — Costs for doctors, hospitals, and drugs are covered in one plan, the AARP MedicareComplete program through UnitedHealthcare. Coverage is available for members with pre-existing conditions and does not require physical exams.
6. Credit cards — The AARP credit card from Chase is designed for members, who are eligible for a $200 bonus cash back after spending $500 on purchases in the first three months. There are also cash back rewards at restaurants, gas stations, and other services.
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