AARP, the nation's large retirement association, is expected to announce a deal today in which it is attaching its name to a new lifetime-income annuity designed by New York Life Insurance Co.
The group will allow the insurer to market the annuity directly to its membership, the first time AARP has lent its imprimatur to an annuity product since a limited offering in the 1980s.
AARP Lends Its Name, And Rolls, to Annuity
Source: Wall Street Journal (subscription required)
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