The Rice Thresher (Houston, Tex.), Vol. 65, No. 10, Ed. 1 Thursday, October 13, 1977 Page: 4 of 16
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★
Texas Public Interest Research Group!
TexPIRG
Student insurance survey
Consumer Reports, March
1977
The applications for Student
Life Insurance policies have
already been either tossed into
the garbage or mailed to The
Rock only knows where. But
it's not too late to possibly
reconsider the application's
value and beauty to the
conscientious student. In the
March issue of Consumer
Reports magazine, 1977, the
CR staff investigated the
increasingly available student
insurance plans. They
concluded with a very definite
thumbs down, despite the
eagerness most universities
(including Rice) showed in
aiding the companies to
distribute the policy appli-
cations.
Consumer Reports fo-
cused on the merits of the
policies commonly sold on
campus or by mail to college
students. "We found most
policies aimed at the college
GOING OUR WAY?
PEACE CORPS * VISTA
£
m
&
REPS ON
CAMPUS:
Oct 19,20,21
INTERVIEWING
SENI0RS/GRADS
301 Lovett Hall
INFORMATION TABLE: Memorial Center
market failing in five respects:
(1) They're not needed.
(2) They're too small.
(3) They're the wrong type.
(4) They contain riders of
dubious value. (5) They're too
costly."
(1) The need for life
insurance is created by
economic dependency, like a
husband/wife or children.
Few students are married, and
even fewer have children. For
the remainder, parents are
still paying tuition, room and
"questionable" board, etc. The
student's parents need life
insurance, not the student.
The second attraction to
such policy is savings. Buying
now as opposed to later
"increases the number of
payments, decreases the size
of the installment payment,
but certainly does not decrease
the total cost of the item
purchased."
(2) Average student policies
are $10,000, which is a lot of
money. But, $10,000 isn't a lot
of life insurance. "If a student
really needs life insurance at
all, he/she probably needs
much more than that." And
such policies usually cost 20%
more per $1000 of coverage
than larger policies do.
(3) Why don't agents sell
students larger policies? A
"minor" point might be that
the profits on whole life
packages are much greater
because the premiums are
higher.
(4) Riders of dubious value
are the options to purchase
additional insurance at
specific intervals in the future,
even if the student's health
has deteriorated. The
maximum increase, though, is
three times the original value,
still not adequately insuring
the policy-holder. Also, the
same high cash premium of
the original purchase
accompanies the additional
insurance.
(5).The CR survey indicated
"all the campus insurance
policies cost more than the
median of 79 similar policies
on the general market."
CR Recommendation:
Now, as in a similar study of
campus life insurance in 1972,
CR believes the last thing
college students need is life
insurance. The superficial
beauty of the college insurance
program is just that,
superficial. And many of the
term policies and whole life
policies offered in the general
market are much better deals.
Dance benefits cooperative
Streetfarmers Co-op invites
everyone to enjoy a benefit
dance at the Grand Hall of the
RMC on Friday, October 21,
1977, from 8 pm until
midnight. Music will be
provided by the big band "And
All That Jazz", a remarkable
fine big band with exuberance
Mix it up with
Jeremiah Weed
You've never tasted anything quite like
Jeremiah Weed. It's got a unique taste and rare
smoothness that goes with just about anything...
just about any time. Make the smooth move
to Jeremiah Weed.
WEED 'N ROCKS
Pour Jeremiah Weed over rocks.
Add twist of lemon.
J.W. SODA
Pour over ice
V/2 oz. Jeremiah Weed.
2 oz. soda water.
WILD WEED
Pour \/2 oz. Jeremiah
Weed over ice. Add 2 oz.
grapefruit juice.
JEREMIAH WEED.
100 PROOF
BOURBON LIQUEUR.
JEREMIAH WE£D BOURBON LIQUEUR 100 PROOF © 1977 HEUBLEIN, INC., HARTFORD, CONN.
and glorious sound. This band
utilizes the original charts of
the "swinging" big bands of
the 1940's such as Count
Basie, Glen Miller, Tommy
Dorsey, Stan Kenton, Woody
Herman and Duke Ellington.
Among the musicians of "And
All That Jazz" are former
performers with Russ Morgan,
Stan Kenton, Tommy Dorsey,
Ray Anthony and Enoch
Light. Tickets to the dance will
cost $4.50 for singles and $6.00
for couples. Co-op members,
students and Rice faculty
tickets will be $3.50 for singles
and $5.00 for couples, and are
available at the SA office,
second floor RMC.
This dance is to benefit
Streetfarmers Cooperative, a
non-profit cooperative store
owned and operated by its
members for their common
benefit. It is incorporated as a
Texas Cooperative Associa-
tion and is a member of the
Texas Federation of Coopera-
ting Communities. There are
no paid workers. The working
members perform the tasks
required to keep the coopera-
tive functioning. Wholesome
food and commodities are
supplied at prices consider-
ably below retail. Students
and the elderly, on fixed
incomes eroded by inflation,
stand to benefit most.
At present, the co-op is
located at 1800 Waugh Drive.
It is open on Saturdays from
10 am to 6 pm, Sundays from
10 am to 1 pm, and Tuesdays
from 6 pm to 9 pm. The phone
number is 527-0375. Both
working and nonworking
members are accepted and
new members are always
welcome.
Sept. 30th thru October
8th ANNUAL HOUSTON
OktobeHest
Starts Friday 7pm • Saturday 6pm • Sunday 1pm
Monday through Thursday 7pm
FEATURING
German Foods
and pastries
also other delicacies
Draft, Imported Beer
Mix Beverages
and Wine
Dancing In the
beautiful Gardens
Games and entertainment
Enjoy an exciting, different, fun-filled afternoon and evening. Feast
on delicious food along with plenty of cold beer and wines. Dance
the night away in the beautiful wooded Garden or rustic Bavarian
Hall. Plenty of free parking.
For Information Call
861-6300 862-9068 861-6075
Bavarian Gardens
3926 FEAGAN ST. (1 Block off Memorial Dr.—1 Block west ot fravelodge on Heights)
P.
'I
the rice thresher, october 13, 1977—page 4
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Parker, Philip. The Rice Thresher (Houston, Tex.), Vol. 65, No. 10, Ed. 1 Thursday, October 13, 1977, newspaper, October 13, 1977; Houston, Texas. (https://texashistory.unt.edu/ark:/67531/metapth245347/m1/4/: accessed July 18, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Rice University Woodson Research Center.