Confused

We recently took a look at our life insurance. We wanted to make sure we had enough to cover what our kids would need if something happened to us and we wanted to add our new boys to the policy so they would also be covered.

On all our policies, my sister is listed as a beneficiary if something were to happen to all of us. So it was only natural that we would put the new policies in the same format. Only we got a letter in the mail telling us that she does not have an "insurable interest" in the boys and thus cannot be listed as a beneficiary.

At first I was mad. Now I just am irritated. Why does the beneficiary have to have an "insurable interest" in the person. We are paying for the policy, not her. Stupid.

And she would be the one to take our children if God-forbid something ever happened to us. I don't know about you but if someone showed up with 7 kids on my doorstep I would suddenly have a huge "insurable interest" in their kids.

Stupid. Stupid. STUPID.

Insuring EVERYTHING

I saw a commercial for AIG Direct insurance the other day. It bragged and bragged about how much money we could save if we switched to their insurance. So I went online and did a quote.

It came back 1200.00 for our three cars for 6 MONTHS. Ye GADS! I currently pay 385.00 for all three cars for six months. Clearly this company has lost its mind.

I don't know about you all but I am so sick of insurance companies bragging about how low their rates are and then I go and check it out and find out they really aren't. We have to insure everything nowadays for fear of being sued or something terrible happening. I get calls almost daily for credit card insurance, travel health insurance, and life insurance.

I am thinking pioneer life sounds better and better. They didn't have to insure their horse and buggies.