Saving You Money For Life

I still maintain the position that children don’t need life insurance unless you are dependant on their income. However, if you should decide that you do in fact want to insure your child’s life, be sure you don’t get charged smoker rates.

Strange as it may seem. Some life insurance carriers don’t begin to distinguish between smokers and non-smokers until age 18. Before that, they just have one rate, without any “discounts” for non-smoking.

Be sure to ask questions and shop around using a multi-carrier broker. It’s really the best way to ensure you’re getting the lowest rate available.

Posted in Uncategorized | | No Comments »

Many decades ago children, Texas did have a history of electing populist types to office, even if it was only for a term or two. Today it’s the State of Tom Delay and Ken Lay, light years removed from the notion of ‘by the people and for the people.’

A refreshing ray of light coming from this reddest of red states is the Insurance Commissioner’s recent smack-down of Allstate – Homeowner’s Division. Texans wrestling with skyrocketing homeowner insurance rates got some welcome relief as Department of Insurance officials rejected State Farm Insurance’s attempt to raise rates. TDI Commissioner Mike Geeslin went even further and ordered the company to get prior approval from the agency before raising its rates.

State Farm had planned to raise homeowner rates more than 21 percent statewide and more than 50 percent in Harris and Galveston counties. The Commissioner looked on this proposal as unjust profiteering.

Geeslin also challenged Allstate‘s denial of living expense claims for Hurricane Rita evacuees last fall. He secured a temporary restraining order against the company; however, a court ruled in Allstate’s favor. Consumer advocates argue that the outcome should be a stimulus for new legislation to make the industry serve its customers better and be more accountable.

Posted in Uncategorized | | No Comments »