Contact: (217) 355 9075 - Address: 702 Bloomington Road. Suite 205. Champaign, IL 61822 - Email: dave@insuringchampaign.com

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If you live in Champaign Urbana, or anywhere in Illinois for that matter, and want to know how to find the best rates on Term Life Insurance, you’ve come to the right place.

Many people don’t fully realize the importance of having their own individual life insurance policy. Just because you may have a policy through your employer, you should still buy an individual life insurance policy on your own. The reason is simple – to preserve your insurability.

If you have a policy through your work, that policy will disappear if you should leave your job, whether voluntarily or involuntarily.

If you rely solely on your work policy, and then end up coming down with a disease like diabetes, cancer, or have a heart attack or stroke, you will not be eligible to purchase a policy on your own. If you end up losing your job for some reason, then you will be without any life insurance to protect your loved ones, and will not be able to purchase life insurance at any price.

The key is to buy an individual policy while you still can, thus getting the lowest rate while you’re young and healthy.

Another key to finding the lowest rate on Illinois Life Insurance is to utilize the services of an independent agent. Some agencies only offer products from one provider, so it’s a take it or leave it proposition. At Rueck Insurance, we have access to over 20 top-rated companies, and will shop the market to find you the best combination of price and coverage.

Since we work with so many companies, we know which ones are more lenient for different type of health conditions. One company may be better fit for you than others, depending on their underwriting guidelines and your specific situation. Some companies are strict with height/weight ratios, blood pressure, cholesterol, etc. while others are more flexible. Knowing these differences is crucial to finding you the best rate.

There are different opinions as to which type of policy is better — permanent insurance such as whole life or universal life versus term life insurance. Really though, the answer is not necessarily which is better, but rather which policy will best accomplish your goal for the life insurance policy.

Life insurance, whether term or permanent, is simply a tool in your tool box for you to use for a specific purpose.
Term life policies are the least expensive and afford you the largest death benefit to be paid to your beneficiaries. In addition, most term policies allow you to convert to a permanent policy within a certain time period.

Permanent policies are more expensive typically, and usually have a lower death benefit, but will accrue cash value over time. You can draw on the cash value in the form of a policy loan if you decide to use the money while you’re still alive, which can be a good option because there is zero interest on the loan since you’re borrowing from yourself.

We perform a thorough needs analysis of your situation to determine what type of policy will help you accomplish your goals. Our strongpoint is asking the right questions, and then listening carefully to your answers. Once we know what your goals are, then we can custom tailor a plan for you and present you with options.

You’re the one in charge of your decisions — we’re simply here to help you figure out the best choices that will allow you to accomplish your goals for your family’s security.
Please let us know when you’d like to schedule a consultation.


Q: Can you get car insurance in Illinois with an International Drivers License?

A: Yes you can. As a town with a Major University in it, Champaign Urbana draws many faculty and students from all over the world. Many of these people drive properly registered and insured cars with their home country or international drivers licenses.

If you have a foreign driver's license you can still buy car insurance and register your car at the DMV, however the number of options to insure you and your car will be limited. Many of the major insurance companies will not insure any drivers without a US driver's license. If you work with a broker or Independent Insurance agent, like Rueck Insurance, you will find more options including options for drivers with an International License.

 

It is recommended that you obtain an Illinois drive's license if possible for the following reasons:

 

  • Car insurance, which is mandatory in Illinois, may be much more expensive if you don't have an Illinois license

 

  • Insurance companies often add a surcharge to the cost of your policy if you don't have an Illinois driver's license

 

  • Some car insurance compnaies will not even consider insuring you until you have an Illinois license and then you could still be charged more as an "inexperienced operator"

 

Buying car insurance for a Non US citizen who is visiting or new to the country doesn't need to be a hassle or complicated matter. All that is needed is some local knowledge, common sense and an insurance agent who will work for you and not the insurance company to keep the costs at a reasonable level.

Contact Rueck Insurance at 217-355-9075 and let us work with the 5+ insurance options who will accept drivers with an International Driver's License and let us find the best deal for you!

 


Lower Gas Prices Mean Higher Rates for Allstate Customers in Illinois

Insurance Rate Increase

The lower gas prices we are having right now is going to put an estimated $75 Billion dollars back into the pockets of drivers this year. However some insurance companies like Allstate and Geico say that cheap gas is going to cost their customers more with higher rates.

 

Allstate intends to raise it's car insurance rates an average of 4%. According to Allstate CEO Tom Wilson  "More miles driven, more cars on the road, more accidents" he stated in a recent interview.

That's funny I don't recall Allstate lowering their rates when gas prices were at there highest.

  • In the summer of 2008 when rates topped $4.00 in many areas
  • In 2012 when the average was $3.60 a gallon
  • In 2013 when the average was $3.65 a gallon
  • In 2014 when the average was $3.40 a gallon

Wouldn't the same logic apply Mr. Wilson? Higher Gas Prices = Less miles driven, less cars on the road, less accidents should equal lower rates...correct? 

If you look at Allstate's Rate Filings on the Illinois Department of Insurance's website you might be shocked to find that Allstate

  •  In 2008 filed for 3 rate increases for car insurance (March, August and November)
  •  In 2009 filed for 3 rate increases for car insurance (January, July, and December)
  •  In 2010 filed for 3 rate increases for car insurance (February, September and October)
  •  In 2011 filed for 5 rate increases for car insurance (June, July, August, September and November)
  •  In 2012 filed for 1 rate increase for car insurance (April)
  •  In 2013 filed for 3 rate increases for car insurance (January, April, and December)
  •  In 2014 filed for 1 rate increase for car insurance (October)
  •  In 2015 filed for 1 rate increase for car insurance (April), but the Rate filings page has not been updated during the Illinois Budget Crisis and does not reflect the announced upcoming price increase that Mr. Wilson mentioned. 

So if you add that up that would be 20 rate increase filings for Allstate in Illinois since 2008 when gas prices were at their peak. Far more than any other company during that time. Not to mention 10 rate increase filings on Allstate Home Insurance during that same time.

So maybe Tom Wilson's theory doesn't hold any water.

How can lower gas prices equal higher rates, when higher gas prices also equal high rates? 

Greedy Agent

This should infuriate Allstate customers when they look at the amount of profit Allstate made over this same period of time. 

  • In 2008 profit was $1.4 Billion dollars
  • In 2009 profit was $1.546 Billion dollars
  • In 2010 profit was $1.053 Billion dollars
  • In 2011 profit was $403 Millions dollars
  • In 2012 profit was $1.968 Billion dollars
  • In 2013 profit was $2.754 Billion dollars
  • In 2014 profit was $2.85 Billion dollars
  • In 2015 profit is $1.443 Billion dollars through September's 3rd quarter results.

With record profits each year I fail to see the need to raise the rates of Allstate customers every year. Instead of taking these profits are rewarding the Allstate policy holders with lower rates, Allstate is rewarding the shareholders at the increased expense to it's customers.

 

Full disclosure: I was an Allstate Agent for 12 years and I have seen the hardship that these constant rate increases have had on the Allstate policy holders in the Champaign, Urbana area and throughout Illinois that used to be my clients. That is why I developed an exclusive program that so far has brought Rate Relief to 98% of Allstate customers who used my program with an average savings of 33%!

 

If you are sick and tired of the constant rate increases while the company posts record profits each year, give Rueck Insurance a call at 217-355-9075 or contact us hereand use "RATE RELIEF" as the subject.

 

 

 

 

 


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About Us

Rueck Insurance is your independent, one-stop insurance center for all your personal and business insurance needs in Illinois. Insurance shopping is easy when the Protection Team provides you with multiple quotes to choose from. You will always know you are getting the best coverage at the lowest possible price.

Contact Info

Rueck Insurance is your independent, one-stop insurance center for all your personal and business insurance needs in Illinois.

702 Bloomington Rd#205
    Champaign, Illnois
(217) 355-9075
dave@insuringchampaign.com

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