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Monday, October 4, 2010

USAA - A Good Insurance and Financial Services Company

Normally, I don't endorse products and companies. This is an exception.

USAA is an outstanding company for insurance of various types and other financial products. Historically, they have sold insurance to officers in the various branches of the United States armed forces. We became "members" when my husband was an Army officer many years ago. We bought a new car while he was on active duty and we purchased insurance for the car from USAA. When we bought our first house, we purchased insurance for the house from USAA. We have purchased life insurance from USAA and we have a MasterCard account with USAA Savings Bank.

A number of years ago, USAA expanded the membership criteria to include these categories of people:
  • Active duty military
  • Military veterans
  • Spouses of USAA members
  • Widows, widowers and former spouses of USAA members
  • Individuals whose parents are or were USAA members
  • Former USAA members
Individuals who do not fall into one of these categories can still purchase many financial products; they just cannot purchase life, auto or property insurance.

I have found their products and rates to be reasonable and their customer service to be outstanding.  When comparing their rates with other companies, remember that you may receive some of your premium payments back at the end of the year. USAA places part of the premium you pay into a Subscriber Savings Account. This forms part of the reserves USAA maintains in case they have to pay unusually high claims in a given year. If they don't need to use the money, they refund part of the account balance to you at the end of the calendar year.

So, consider switching to USAA if you qualify.

I received no compensation or other favorable treatment in return for this endorsement. It is freely given.
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