Random thoughts for today...
I'm finally starting to see through the scam known as "insurance". What ticks me off most is health insurance. It doesn't matter how healthy you are. Once you are accepted by a company, they religiously increase your rates every premium period just because they can. So what to do? Change insurance companies. My premium got cut in half when I did this. Of course, in just a few years, it will probably be doubled. Sigh... I also just got a new life insurance policy.
Many people have refinanced their homes these past few years. And it looks like they got in at good interest rates. Is the market getting ready to bust? I have read that forclosures are at an all-time high, with many Americans being extended way beyond their means. If you haven't refinanced your home, it still isn't too late to get a home equity loan.
My business is incorporated in the State of Texas. But I think if I started another company I would look at setting it up in Nevada or Delaware. Apparantly, there are tax benefits that many are not aware of. I'll have to investimate if I decide to incorporate online.
It's Del.icio.us!
Furl It!
October 13, 2005 07:43 AM
As far as a particular company raising your rates despite your good health, this happens because of state regulation. Health insurance companies have to raise rates for groups of individuals and cannot make individual rates. If the majority of individuals in your rating band file a lot of claims, your rates are going up too because you're part of that group. And don't you feel great that the states are making sure health insurance companies can't "discriminate." Remember, in regulators' eyes a rising tide should not lift all boats. If the tide rises too high, make the tide for all lower!
October 13, 2005 05:13 PM
More for less :
Hey Joel,
Try buying fixed-rate term
life insurance.
See ya,
Steve