The American Association of Retired Persons (AARP) is the leading organization in the United States for individuals aged 50 years and above. It functions as a non-profit and non-partisan body and has more than 38 million members lobbying on its behalf. Some of its successful businesses include health insurance and life insurance sales, investment products, and financial and non-financial products.
AARP is also known as the American Association of Retired Persons. Read on to find out what this organization does and how it helps society.
What is AARP?
The AARP was founded by Dr. Ethel Percy Andrus in the year 1958. It functions as a non-profit and non-partisan body for its members and lobbies on their behalf to provide marketing services and benefits to them.
Other organizations affiliated with AARP
There are a number of organizations affiliated with AARP. They include the following:
- AARP Services: AARP Services develops and manages new services and products. These operations are meant to be profit-making.
- AARP Experience Corps.: AARP Experience Corps. is tasked with mentoring and tutoring children. It operates within the AARP Foundation.
- AARP Institute: The AARP Institute holds the annuity gifts funds of the AARP Foundation.
- AARP Financial Services: This is a for-profit organization and holds the real estate properties of AARP.
- Legal counsel for elderly folks: This organization provides legal services for the elderly in Washington, D.C. It operates on a non-profit basis.
- AARP Insurance Plan: The AARP Insurance Plan administers some of the AARP group insurance plans.
Apart from these, AARP also has a number of outreach programs that deal with social isolation and housing problems among seniors. It has other initiatives such as AARP Driver Safety which promotes safety for drivers, sponsorships that support social causes including fighting hunger in America and targeting seniors through television programs.
How AARP works?
AARP has a wide network of experienced volunteers and local chapters all throughout the country. Through this network, it offers community services, research, advocacy and information to its members. It focuses on sorting out independent living problems and consumer issues while helping to improve health, work and economic security. It also takes part in judicial, legislative and consumer advocacy.
While the AARP Foundation is a non-profit organization, many of its other branches operate for profit. Some of its successful businesses include health insurance and life insurance sales, investment products and financial and non-financial products.
AARP is also an independent publisher, rolling out the AARP Bulletin and the Modern Maturity magazine. In 2019, the organization reported revenues of $1.9 billion. The major chunk of this revenue comes from membership fees. It also earns revenue through licensing fees for its logo and name, and also from its publications.
