AARP: Making Money, Losing Trust

January 15th, 2009 | by John Yedinak Published in News, Reverse Mortgage | 7 Comments

Bloomberg TV will be airing a special report today about everyone’s favorite company AARP. The report AARP: Making Money, Losing Trust investigates why some seniors say this highly respect organization does a better job of working for its own financial well being than theirs.

Thanks to Jack for the tip. It’s airing tonight at 7pm & 9pm.

If you missed the airing you can watch it here (thanks Beth).

Technorati Tags: Reverse Mortgage,News,HECM,FHA,HUD,Bloomberg,AARP

Email This Post

Print This Post

Related Posts

Jerry

I can hardly wait for them to expose them for what they are – a glorified insurance agency selling high cost insurance.
Tim

So true. As a reverse mortgage lender, can you imagine what would happen if we sold our product to seniors as “senior discounted” plans, but in reality charged more than twice what the competition charges? That is what AARP does via insurance products.
http://home.earthlink.net/~bill_green/ William J. Green

I missed the broadcast. IF anyone saw it, would you please be so kind as to post your summary here? Thank you.
http://www.reversemortgagesupport.net Brad

I thought AARP is suppose to be an unbiased, subjective source for the senior community to count on for solid insurance and financial guidance ha ha. I am glad to see more and more news stories exposing AARP for who they really are.
Bill Peters

Missed the broadcast, but a lot of people confuse AARP and the AARP Foundation. That’s understandable given their respective names. The latter is a non-profit foundation set up to study retirement issues and was instrumental in the implemenattion of the pilot HECM program. I hope the broadcast shed some light on the relationship and/or distinctions so the for-profit side doesn’t get the credit for the non-profit’s work.
Paul

Jerry, you’re right on target! A insurance “gorilla” marketing to the largest growing population in the USA.
Beth

If you missed the broadcast you can view the 26 minute video by going to Bloomberg.com – search for AARP and you’ll find the video.

Unfortunately this channel/station isn’t available to everyone. It would be great if the main/national channels also did this story.

AARP: Making Money, Losing Trust

Wholesale Lender Sponsors

Sponsors

Exclusive Training Provider

Reverse Mortgage Jobs

Recent Articles

Popular Posts

Our Sites