USAA Expands Eligibility

[g8rjd]

Membership now open to all who have honorably served (https://www.usaa.com/inet/ent_blogs/Blogs?action=blogpost&blogkey=newsroom&postkey=now_serving_all_who_have&order=1,7000&offerName=pubHome_Bnr_1_110509_VetExpansion09).

[Aardvark]

Great news indeed.

[swampcabbage]

Good luck with that. I asked them for a qoute on my house and cars. They refused to insure my house, I assume because of the hurricane threat in Florida. I went to a company which would insure both.

[Aardvark]

What company would that be?

[g8rjd]

Good luck with that. I asked them for a qoute on my house and cars. They refused to insure my house, I assume because of the hurricane threat in Florida. I went to a company which would insure both.

USAA has been quite clear to anyone exploring home insurance in Florida, that they are only insuring active military who live in Florida because that is where they have been deployed. They feel the financial risk to their policyholders for wind damage in Florida is too high to presently insure anyone else. I can't say that I blame them. In fact, it's the only company I know that returns insurance payments to policy holders as dividends in good years (which I received for my extremely reasonable auto insurance every year I've had it).

For homeowners, I use Florida Farm Bureau, which is a fine and reasonable company. For banking, auto insurance, investments, and other things, I'm quite happy with USAA. If having both your auto and home insurance with the same company is your most important priority, then another company is probably best for you.

[LakeGator]

I received the message below from USAA requesting that all members contact their senators to help stop a bill that will materially damage USAA and their membership. Below is the text of the message.

The link to send mail to your senators is here (https://www.usaa-advocacy.com/?EID=mkt_ent_ceo_gr-03) and this link (https://www.usaa.com/inet/ent_blogs/Blogs?action=blogpost&blogkey=newsroom&postkey=gir_take_action&EID=mkt_ent_ceo_gr-04) has up to date information about the issue.

Rarely in our 87-year history have we turned to USAA members to weigh in with elected representatives on an issue of great importance. But, we are now.

The U.S. Senate currently is considering legislation (S.3217) that would impose new rules on the nation's financial services industry, including USAA.

As the leading provider of financial services to America's military community, USAA supports financial services reform.

However, the current Senate bill would disproportionally impact USAA because we are a unique and fully integrated association. USAA is not like the banks and other companies that helped bring down our economy, and we never took a penny of TARP funds. We do not engage in the harmful practices this legislation seeks to resolve.

If unchanged, the bill would:

• Prevent USAA from managing the association's portfolio as we have for the past 87 years.
• Jeopardize our ability to continue offering many of our competitive products.
• Limit our ability to return money to our members. Last year, USAA returned $1.2 billion to our members in the form of distributions, dividends, and bank rebates and rewards.*

So, we are asking all USAA members and employees to urge their U.S. senators to amend a portion of the bill, known as the "Volcker Rule," to eliminate its effect on a company like USAA. Please know that this legislation does not impact individual member's investments.

Regardless of the outcome of the legislation, USAA will remain a unique and enduring association that's all about you — the military and their families.

Please take action on this matter by immediately contacting your U.S. senator. You may click here to access a special website that will enable you to quickly send an e-mail message to your senator.

Thank you for your help and support,

Josue (Joe) Robles Jr.
Major General, USA (Ret.)
President and CEO

[Aardvark]

Appreciate the post!