Don’t let your
Current news for Costco members
Costco Wallet Full
of Savings coupons
offer a number of
unique savings opportunities on services,
but they all expire
on April 3, 2005.
Look for the
service coupons in
the center of the
Wallet for Real Estate Agent
Service, Mortgage Service,
Home Equity Financing, Auto
Financing, ShareBuilder Online
Investing, Online Training and
Web Site Hosting.
Medical Savings Card goes wider
EXPANSION CONTINUES with the Medical Savings Card program.
Members in most states where there are Costco locations can take
advantage of the savings built into this plan. Exceptions are Alaska,
California, Florida, Idaho, Hawaii, Montana and Vermont.
See the Wallet for full
details, or visit costco.com,
click on “Services,” then click
on “Wallet Offers.”
The Medical Savings Card is not an insurance program but
instead provides substantial health-care savings, particularly for
members who don’t have insurance, may have pre-existing-condition
exclusions in their policy or go to doctors outside their health plan
network. The program will also benefit those members who exceed
policy limits or need services not covered by their policy, such as dental care or vision correction. Costco members will save up to 40 percent on many health-care services. Executive Members receive
lower pricing and pay no enrollment fee.
For additional information about this program, including its full
range of benefits, visit costco.com, click on “Services,” then click on
“Medical Savings Card,” or call 1-800-869-5494.
New fixed annuity program test
COSTCO HAS STARTED TESTING a fixed annuity program in Colorado.
Developed exclusively for Costco members by Costco Insurance
Agency Inc. and Symetra Life Insurance Company (formerly Safeco
Life Insurance Company), this program consists of two products,
Value Choice and Value Choice Plus.
A fixed annuity is a contract between an individual and a life
insurance company used most frequently as a retirement savings
vehicle. Here are some of the key advantages of this program.
Thinking of a home
improvement that you
can’t live without? Or are
you planning to help your
child come up with the
down payment for a first
house? Maybe you’re hoping
to consolidate debt?
Whatever project you need
to bankroll, make sure home
equity is a method of financing
that you fully explore.
“You’d be surprised by the
number of people who dip
into their retirement accounts
or prematurely sell stock holdings for projects like those,”
says John Gleason, manager of
the Home Equity Financing
program for Costco.
Retirement funds and
stock holdings are best left
untouched as long-term savings. Dipping into either can be
expensive from a tax-penalty
or capital-gains perspective.
Home equity loans or lines
of credit are secured against
the value of your home,
which typically means having
a lower interest rate than
with unsecured loans. And
from a tax angle, the interest
may be tax deductible up to
$100,000, although you
should check with a tax
expert about your situation.
Lending Tree is the Home
Equity Financing provider for
Costco, and has a Wallet promotion (above) for additional
savings, available until April 3,
2005. Receive a $100 Costco
Cash Card when you close a
home equity loan or line of
credit. Executive Members get
a $200 Costco Cash Card.
See the Wallet for details, or
visit costco.com, click on
“Services,” then click on
“Wallet Offers.” For more information, call 1-800-496-8733.
to use your
your next trip
• These products also have a choice of one-, three- and five-year
Executive Members receive higher base interest rates, additional
first-year interest and lower withdrawal charges in the first three
years. Current interest rates are 6. 6 percent for Executive Members
with $100,000 or more of initial premium and a one-year interest-rate guarantee. The guaranteed minimum interest rate is 1. 5 percent,
and members need only $10,000 to get started. For details and additional information, call toll-free 1-866-485-1305, or visit costco.com,
click on “Services,” then click on “Annuities.”
Guarantees and benefits are subject to the claims-paying ability of the underlying insurance company.
Value Choice annuities are issued by Symetra Life Insurance Company, Redmond, Washington.
The form numbers are LPC-1556 10/04 and LPC-1557 10/04. Rates are current as of 2/1/05.
To learn more
about our complete
suite of member
services, click on
the “Services” link
at costco.com or call