AARP launches lifetime income.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 , the retirement association with nearly 38 million members, has selected 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 Life Insurance Co. as its partner in a new Lifetime Income Program that will offer income annuities to members from 50 to 85 years old. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. AARP, New York Life is the top provider of income annuities in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The company has partnered with AARP to offer life insurance since 1994. Larry C. Renfro, president of AARP Financial, a subsidiary of AARP Services Inc., said his company screens product offerings for the value they provide members. The program's minimum premium is $5,000, and there is no maximum premium. Annuitants may access cash in an emergency and are guaranteed that the total income they or beneficiaries receive will never be less than the premium paid. |
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