A Not So Important Blog About Nothing

This is a bit of a weird post.  First, it’s dedicated to all of use nerds who play BattleTech.  Second, it’s a 2 page sheet a friend of mine gave me many a years ago and I’d figure I’d immortalize it online.

1. Leather Upholstery
2. Fuzzy Dice
3. Ice chest next to heat sinks filled with Old English 800
4. Radar detector on dashboard
5. Flame decals on sides
6. Tinted windows
7. CD Player w/ Dolby Surround-Sound
8. Satellite TV with “Premium” access
9. Gun rack
10. Spoilers
11. Custom exhaust manifold
12. Luggage rack over Tactical Targeting Module
13. 3 year or 30,000 mile service contract
14. Plays the “Might Mouse” theme if you honk the horn
15. Bored out cylinders increase horsepower by 24%
16. Hotplate over fusion reactor
17. Glowing neon blue lights illuminate feet for cruising at night
18. Really big glove compartment
19. PSP option under Fire-Control system
20. Clapper hooked up to ejection system
21. Targeting computer that critiques battle performance
22. Neon-green windshield wipers
23. Client Eastwood sample can be played over loudspeakers (“Do you feel lucky punk?”)
24. “Flight of the Valkyries” played when Jump Jets are engaged
25. “The Four Horsemen” by Metallica played when going full throttle
26. Friendly message that informs pilot “Radiation seal has been broken.  Your children will have 4 arms.”
27. 68″ Bose Speakers for the proper bass. (Medium Laser only does 3 points and cabin lights dim while on)
28. Cell phone link directly to closest ComStar HyperPulse Generator station.  25% discount for call between 11 and 8
29. Cruise Control
30. Zebra skin roof covering
31. Strobe lights mounted on feet
32. 500Watt CB with an echo mic and sound effects
33. Ceiling mounted licorice dispenser
34. A direct com-link to Pizza Hut
35. Rad hatch marks on side to give impression that it is a ‘96 Camaro
36. Liquor cabinet behind the command couch
37. King sized bumper sticker “Get any closer, and I’ll eat you.”
38. Pair of Nike’s painted on feet of ‘Mech
39. Hood ornament of a ram head from an old Dodge Ram
40. Yosamite Sam mud flaps.
41. Special voice added to scanners when pickup up enemy units – “Danger! Danger!” in Robby the Robot’s voice
42. Trailer hitch to pull around all that extra ordinance
43. Authentic wood paneling
44. A little hula dance on the dashboard
45. Three stooges sound effects when you score a kill
46. Offensive language written on weapons
47. James Brown security alarm
48. Dirt Devil Car Vac (modified for ‘mech use) stored under command couch
49. Automatic seatbelts
50. Internal rollcage (for offroading)
51. “Have a nice day” with a happy face painted on the back
52. Disco ball hanging in cockpit
53. Big Screen TV
54. Cargo compartment for the Harley you wish you owned
55. Waterbed located underneath command couch
56. Off-road KC Halogen lamps with the little happy face covers
57. Sunglass shaped window covers (for sunny days)
58. Rear window defogger
59. 2 words – Air Conditioning

Ok, so it’s only 59 ways.  Whom ever wrote it up put an extra return at the bottom of the page that split one line.  Look for some of these in upcoming games.

Howdy howdy. I know it’s been around a month since my last post and I promised this time would be different. Well, I’ve been busy saving families financial lives so this took a bit of a back seat. Anyways, on to the post!!!

This post will be about the bare bones basics. No frills. In later posts, I’ll get into the differences between specifics and will even include graphics demonstrating various concepts. Don’t laugh at them, I’m a programmer/money coach, not a designer.

When dealing with Life Insurance, there are so many different kinds that it becomes easy to get confused. The insurance companies LOVE it that way. The problem is, many of the agents also get confused. Lets see, we have Credit Life, Mortgage Life, Accidental Death and Dismemberment, Level Term, Whole Life, Variable Life, Universal Life, Variable Universal, Return Of Premium, Permanent, Annually Renewable, Decreasing, etc. Actually, I think that is all of them. If I missed one, put it in the comments.

When you break every single one of these down to the bare bones basics, they are all 1 of 2 kinds of policies. Annually Renewable Term or Decreasing Term. What a minute, we have 12 listed policy types and they are all varieties of 2 of them? Yup. So why are there so many different varieties, well, profits. In general, the more complex the policy, the greater the profits.

Annually Renewable Term

This is probably the most common type.  Usually found in group, level term, and most types of cash value policies.  Every year, the policy renews and the price increases based on a schedule in the policy.

Decreasing Term

The face amount of the policy decreases every year but the premium stays the same.  It is typically used as mortgage insurance and in whole life policies.

It’s important to know these 2 policy types since they are the basis for the rest.  I’ll go over the basics of them now and expand on them in later posts.

Credit Life, Mortgage Life, Accidental Death and Dismemberment

You should avoid these types of life policies.  They are pure profit makers for the insurance companies and don’t benefit your family one iota.  Credit Life is usually bought on a monthly basis by the lender (on your behalf, that you pay for) to cover the current balance.  The beneficiary, the lender. Mortgage Life is typically bought and paid for when you get the mortgage.  Many times, it is rolled INTO the note so you don’t have to pay for it out of pocket.  Several issues with this.

1. It’s typically paid up for 30 years based on expected balance.
2. If rolled into the note, you now pay INTEREST on the premium.
3. If the note is paid off early, unless you make an effort for it, you typically don’t get your unearned premiums back.

AD&D is the worst of all.  Many policies have very strict conditions for their death benefits hence why it is the cheapest of all.  General scenario on how most pay out.  You get in a wreck, die BEFORE the paramedics get their, death by accident, policy pays.  If you are alive when the paramedics get there, you get in the ambulance/care flight and die either en route or at the hospital, it typically wont pay.  Why? Simple, you died due to COMPLICATIONS as a result of an accident, not DUE to the accident.  Splitting hairs right? Now you know why it’s so cheap.

Level Term, Return Of Premium

Both of these are variants of ART (annually renewable term).  Level term is exactly as it sounds, ART with a level period.  You die while policy is in force, it pays.  ROP (return of premium) is a variant of Level Term.  It’s a rider added on that allows you to get your premium back at the end of the term.  Typically the first 5 years, you would get $0 back.  After that, it’s a graduated percentage till the policy term is up.  And even then, you still may not get all of the premiums back.

Now, ROP sounds great doesn’t it? You make it to the end of the term and get all/most of your money back? What they don’t tell you is that you actually LOST money in the process.  How? Inflation.  The reality is in year 6 you start seeing a balance.  That balance grows interest.  But the interest and 5 year loss equals out to an actual interest of 0% and an effective interest of -4%!  Yea, that’s a great deal.

Permanent

This is a tricky one.  This can be virtually any kind of policy.  It can be a term policy that expires at age 95, it can also be a cash value type policy . This is now a more universal term than anything.  Basically, any policy that expires/matures between ages 80 and 120 can be technically be classified as one.

Whole Life

This is decreasing term with a savings account.  The policies are designed so that when they mature, the cash value that is built up equals the face amount.

Variable Life

This is an interesting policy.  It has a minimal death benefit, if you pay for it.  With this kind of policy, your face amount changes with the underlying investments.  Assuming you decide to use investments.  When the market is good, your face amount is usually great.  When the market is down (like as of this writing), your face amount is down.  You pay the same premium either way, and may get a rate hike if the cash value drops to $0.

Universal Life/Variable Universal Life

A universal life policy is an evolution of whole life.  Instead of being DT (decreasing term), it’s ART.  You get a minimal death benefit with a cash account that is invested in the market.  You have the flexibility to decide the premiums and the coverage while the policy is in place.  A variable version adds the ability to determine a wider variety of investments for the cash account.  On both of these, you typically have 2 options.  Option A and option B.  Option A, your beneficiaries get the face amount ONLY.  Option B, you pay MORE so your survivors can have both the face amount and the cash.

This is just a rough overview.  I’ll spend more time on each one individually here in the coming days/weeks/months/years.

This post is about the recent experience my wife and I have had at the CarMax on Eastchase in Arlington/Ft. Worth.  The names and facts have NOT been changes to allow throwing stones at the guilty.

This story started end of March.  March 27th, 2009.  A few days before our old ‘89 Buick Skylark bit the dust.  Brakes failed, stearing became a problem, and the oncoming traffic didn’t help matters either.  We looked around online at CarMax and a few other local dealerships wanting to stay below the $10k mark.  Their site made it easy to search about the 5 or 6 dealerships within a 300 mile radius.  That being said, they had about 15 cars below that mark.  All and all, we settled on a 99 Dodge Grand Caravan Sport.  As an added bonus, it only had 63k miles on.  A 99 with 63k miles, for $8200, would you turn that down?

The following week, we sold the Buick to them.  Got $100 for it.  Double what I was expecting.  So far at this point, it has been a good experience.  Bill Dearman (the sales rep that helped us) was curtious the entire time and let us take our time.  He earned our repeat business AND my recommendation.  Both things I don’t take lightly.

Well, fast forward about 33 days.  Fuel pump goes out.  I’m no machanic, but for a 10 year old car, the fuel pump probably should have been replaced just due to old age.  At least those are my thoughts.  I call up Bill and asked his opinion.  He said to call the service center and ask up the chain until I got the top dog or the answer I wanted.  That was my first mistake, I should have listend and done just that.  Instead, I called one, and the rep on the other end (don’t recall the name), was very rude about the 30 day warrenty.  I understand that 30 days was it and they have no obligation to do anything after that period.  But in the same token, this is a major repair shortly after warrenty period.  It’s just good customer service to take care of.  Now, 10 days? 15 days? 30 days after expiry, I wouldn’t have even bothered to try to get it for free or even discounted.

I made a few complaints on Twitter about the bill we got from Pepboys ($730).  That was my second mistake, I took it to Pepboys.  They insisted that more work needed to be done than was required.  Some services they were suggesting were completed not but 2k miles before.  On top of that, had I just went back to CarMax anyways, even paying for it, would have saved between $200 and $300 off the repair!  Well, @CarMaxChris spoke up and suggested I call the Customer Service Center (Executive Response Team) to see if they can fix this.

Called them and spoke with a women named Paige.  She asked for some details about what happened and said she’ll make a call to the same store and see what the Service Manager could do (His name was also Bill.  Don’t ask for his last name because frankly, I’d buther it).  He called about 5 mins later and asked a few more questions.  By the time he called though, the tank was already dropped at Pepboys so he couldn’t tow it over.  When all was said and done, he confirmed what Bill Dearman said.  Had I gone straight to him in the first place, it would have been towed and repaired at no cost.  30 Days is the rule, but most are handled on a case by case basis.  In cases like mine, they let it slide.  It was just a few days out of warrenty and good customer service to just do it.

Needless to say, they have earned a repeat customer.

I know everone is just DYING to know about this (it’s nice to dream right?), but I’ve been keeping tabs on my weight since starting at 24 Hour Fitness.  Almost daily actually.  Since Mar 16th I have lost 13 lbs.  And it shows.  I look slimer, I feel better, have more energy, and my love handles don’t bounce as much when I run (more of a jog really).

Wife and I also started on a 90 day sprint.  Might post up weekely updates on that as well.

Also began work on Arlington’s 4th of July website.  It needs MASSIVE work.  The current incarnation is NOT of my creation, but it slowly turning into one.  The Google Maps screenshots have been turned into real GMaps, the search on the main page has turned into Google Custom Search, and Google Analytics has also been added to all pages.  BTW, Google, you can send those endorsement checks to my creditors, they are hurting so bad without my payments that they could really use the help.  Why else would they be raising rates right? They wouldn’t do such a decietfull thing as raise rates just because they can right?

I’ve also been having a good talk with Larry Wiedel this week.  Made me realize that I really need to not work so hard.  What’s the point of working 30 hour days for your family, if you never spend time with them?  For that sir, I thank you.

Anyways, I better get back to catching up so I can spend quality time with my daughter and wife today.  And I’m glad I did make time this week just to spend with them.

See you in the next post!