Federal Employees' Group Life Insurance

The Federal Government established the Federal Employees' Group Life Insurance (FEGLI) Program on August 29, 1954. It is the largest group life insurance program in the world, covering over 4 million Federal employees and retirees, as well as many of their family members.
Most employees are eligible for FEGLI coverage. FEGLI provides group term life insurance. As such, it does not build up any cash value or paid-up value. It consists of Basic life insurance coverage and three options. In most cases, if you are a new Federal employee, you are automatically covered by Basic life insurance and your payroll office deducts premiums from your paycheck unless you waive the coverage. In addition to the Basic, there are three forms of Optional insurance you can elect. You must have Basic insurance in order to elect any of the options. Unlike Basic, enrollment in Optional insurance is not automatic -- you must take action to elect the options.
The cost of Basic insurance is shared between you and the Government. You pay 2/3 of the total cost and the Government pays 1/3. Your age does not affect the cost of Basic insurance. You pay the full cost of Optional insurance, and the cost depends on your age.
The Office of Federal Employees' Group Life Insurance (OFEGLI), which is a private entity that has a contract with the Federal Government, processes and pays claims under the FEGLI Program.

Auto insurance and the law

In Canada, it is the law to have auto insurance. Your car insurance is valid anywhere in Canada and the United States. It’s a good idea to take your proof of car insurance with you whenever you drive because you must produce it if a police officer requests. If you are found driving without valid auto insurance, you can have your driver’s licence suspended and your vehicle impounded.
In Canada, each province and territory establishes their own required minimum insurance coverage. However, you often can get options that go beyond the basics. One of the nice things about insurance is that you can modify your policy to make certain that you’ve got the exact protection you require, without paying for extra insurance you may not need.
The law does not require that you get car insurance to cover physical damages to your automobile. However, if you have a newer automobile you’ll want to protect your investment and consider purchasing Collision and Comprehensive coverage.

Life Insurance Calculator

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The purpose of life insurance is to replace your income should you die. It ensures that your family will be able to continue living as it does now. To determine how much life insurance you need, you must determine how much money your family will need in your absence over the course of many years.
The following calculator helps you to determine the total amount of life insurance that you will need. You should rerun this calculation each time you have a child or your life changes significantly.

Health Care - from Scratch

DAYTONA BEACH-- Let’s imagine you live here in Florida, and you have to power to change the health care system into anything you want; what would it be? Well it couldn’t be free, could it? Maybe, but that would be weird; you can’t expect to pay nothing, so chances are you would make up a fair price for things...
Following that thought, you might come up with a fee for health coverage. If you are poor, you pay nothing. If you make $30,000 you pay something like $1 a day for coverage, a person who makes $100,000 might have to pay $3.00 per day. Rich people can pay a bit more, but not too much more, because that’s not fair either. So in the long run we raise a few hundred billion dollars a year to pay for health care.
Since we are basing the cost of health insurance by the amount you make per year, this only works if everyone pays taxes. We all know there are many people out there who do not pay their taxes. Currently there are billions of dollars owed in back taxes, and getting them paid is next to impossible. If this health insurance idea of yours is to work, it has to include some kind of tax amnesty, to clear up the past, and get them paying into the system now. So you declare a past tax transgression amnesty act, writing off the past debt, and getting everyone paying into the system.
Now there are 300 million people insured, each paying into the system a few dollar per day, and they are covered; no deductible, no co-pay, if you’re sick, you go to the doctors, you need pills, they are not free, but they have to be affordable. Now the drug companies are mad, because they aren’t going to make a billion dollars a minute selling drugs, but who cares?
Why do we care if a big pharmaceutical company makes another googillion? We don’t care. We could care less if these monsters make less money – it’s about time. So we come up with a fair price for drugs. If it costs a dollar to make, it should never cost more than $10. Pharma should be happy making 10X on the dollar.

Health Reform Setback

A group of legislators who call themselves Blue Dog Democrats have put the brakes on a comprehensive health reform bill working its way through the House of Representatives. According to the Washington Post, this setback is especially troubling to President Obama, who has deemed health reform to be one of his top two priorities in 2009. However, the Blue Dog Democrats will not approve any legislation that fails to contain costs. They want to be sure that everything possible will be done to reduce costs within the system before resorting to taxation as a funding source. This faction is working on their own draft of legislation that will address their concerns. The President has asked Congress to present him with a reform bill by October, so time is running short - even if the House does reach an agreement, they must then reach an agreement with the Senate before delivering this key legislation.