AARP Investment Program Survey Reveals Lack of Communication About Inheritance.Business Editors BOSTON--(BUSINESS WIRE)--March 27, 2002 The AARP AARP, a nonprofit, nonpartisan national organization dedicated to "enriching the experience of aging"; membership is open to people age 50 or older. Founded in 1958 by Ethel Percy Andrus as American Association of Retired Persons, AARP now has over 30 million Investment Program from Scudder, MANAGED BY Zurich Scudder Investments, has released the findings of an omnibus omnibus: see bus. survey that examines public attitudes, experiences and behavior associated with inheritances and legacy planning. This proprietary research consisted of 1,000 interviews conducted with adult Americans. Overall, the survey results suggest that almost three-quarters (72%) of adult Americans believe it is important to leave an inheritance to their children and heirs; however, less than 40% of those surveyed have had any discussions with their heirs about legacy plans. The survey results further revealed that adult Americans communicate most often with their heirs about beneficiary designation (63%), but communicate infrequently in·fre·quent adj. 1. Not occurring regularly; occasional or rare: an infrequent guest. 2. about the reasons for who receives the inheritance (40%) and the identification of financial planners Financial Planner A qualified investment professional who assists individuals and corporations meet their long-term financial objectives by analyzing the client's status and setting a program to achieve these goals. and other professionals who have assisted them in planning their Legacy (39%). "Most individuals spend their entire lifetime saving, investing and planning for their retirement goals. Despite the amount of time and energy that goes into this preparation, a crucial step is often missed," said Jim Thompson, Director of Shareholder Education, AARP Investment Program. "Sharing relevant information with your spouse and heirs, such as the location of an inventory of assets and investment accounts, is fundamental to ensuring your legacy plans are carried out." Other key findings of the Legacy Survey include: -- helping investors organize important financial documents, making it easier to share investment information and goals with family members. -- assigning a personal Legacy Service representative to guide family members through the process of transferring ownership of AARP Investment Program Fund assets. Individuals can visit the AARP Investment Program website, aarp.scudder.com, to download Legacy related Financial Library guides, including "Managing the Transfer of Assets The conveyance of something of value from one person, place, or situation to another. The law recognizes that persons are generally entitled to transfer their assets to whomever they wish and for whatever reason. The most common means of transfer are wills, trusts, and gifts. During a Bereavement Bereavement Definition Bereavement refers to the period of mourning and grief following the death of a beloved person or animal. The English word bereavement ," "Leaving the Most to your Heirs," and "Communicating Your Estate-Planning Wishes to Your Heirs." In addition, investors can contact the AARP Legacy Service(sm) at 800-253-2277 to help answer important questions by: -- helping investors organize important financial documents, making it easier to share investment information and goals with family members. -- assigning a personal Legacy Service representative to guide family members through the process of transferring ownership of AARP Investment Program Fund assets. For more details on the findings of the AARP Investment Program Legacy Survey, please contact Joan Gallagher at (617) 295-2131. A copy of the complete survey is available upon request. The public opinion data reported in the study entitled Scudder Investments Pension Reform Survey are the result of a total of 1,000 telephone interviews conducted with adult Americans, 18 years and older, living in the continental United States United States territory, including the adjacent territorial waters, located within North America between Canada and Mexico. Also called CONUS. . Interviewing was conducted from a central telephone facility during the period of December 7-10, 2001 utilizing a random-digital-dial (RDD RDD Random Digit Dialing RDD RDF (Resource Description Framework) Declarative Description RDD Radiological Dispersal Device RDD Rights Data Dictionary RDD Radiological Dispersion Device RDD Respiratory Drug Delivery ) sampling methodology. The margin of error at a 95% confidence level for results based on the national weighted sample of 1,000 is +/- 3.1 percentage points. Founded in 1985, the AARP Investment Program from Scudder, with $15 billion in assets, features 40 Scudder funds. The line-up covers a broad range of investment goals, including six risk-managed funds. Zurich Scudder Investments, Inc., the AARP Funds' investment manager and global investment management business of Zurich Financial Services Zurich Financial Services Group is a major financial services group based in Zurich, Switzerland. Global operations North America The US consumer market is served primarily by Farmers Insurance Group the third largest personal lines property & casualty insurance Group, is one of the largest and most experienced investment management organizations in the world. Zurich Scudder Investments manages more than USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 328 billion in assets for corporate clients, retirement and pension plans, insurance companies, mutual fund investors, and individuals. Headquartered in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Zurich Scudder Investments offers a full range of investment counsel and asset management capabilities, based on a combination of proprietary research and disciplined, long-term investment strategies. 
The AARP has some of the poorest program on the market, relying on the false appearance that they are some kind of charity or public service organization. They aren't. They are a privately owned insurance agent and little else. They are a 501(C)(4) organization, meaning they are non-profit and all that means is that the owners keep the profits themselves and don't pay them out to anyone. Don't be fooled, just look closely at their programs and compare them with other insurance company offerings. Remember, they are AGENTS and they get a commission from selling you insurance. If you go straight to the company you don't have to pay that commission. |
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