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Hays Free Press
Kyle, Texas
February 3, 2010     Hays Free Press
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February 3, 2010

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Page 4D BUSINESS Hays Free Press February 3, 2010 Economic Director honored by professional women's association Public Notices, continued from 3D STAFF REPORTS Kyle Economic Development Director Diana Blank will be in- ducted into the VIP membership level of the National Association of ProfessionalWomen, the orga- nization has announced. Out of NAPW's more than 150,000 members, Blank was one of 207 of the inducted into theVIP Membership Level. She called the selection an honor. "The National Association of Professional Woman allows my- self and its members as career and execu- tive women a unique opportu- nity for networking, exposure, marketing and PR to a large pro- BLANK fessional audience and a variety of educa- tional experiences," Blank said. Blank has been with the City of Kyle since 2005 and has helped generate the development of mil- lions of square feet of commercial and retail space in the city as well as the construction of Kyle's first full-service hospital. "We are very proud of Diana's continued accomplishments on behalf of the City of Kyle," said Tom Mattis, Kyle City Manager. "Kyle has obviously achieved great success in economic develop- ment in recent years and Diana's hard work and dedication have been a big part of that success." Protecting my Assets: What kind of life insurance is right for me? ear Carrie: I'm a 147-year-old single mom, and I'm looking for the best way to protect my house and provide for my 15-year-old in case I die. At the very least, I want the trustee of my estate to be able to pay off my mortgage ($600,000) and have something left over for my child. I know that term policies are relatively inexpensive, but is there a bet- ter option?-- A Reader Dear Reader: Insurance is a critical part of personal finance, and you've brought up an im- portant question. At first blush, your choice may seem straight- forward: Do you buy low-cost term insurance or a more expensive policy with an invest- ment component? The answer depends on a lot of factors, with the key question being, "What is my objective?" For many people, buying life insurance is pretty straightfor- ward. For example, parents of young children want to make sure that there will be sufficient assets to provide basic needs and possibly college tuition or other expenses. Term life insurance can be an excellent solution because (a) you can time the coverage to accom- modate your needs, and (b) you can fairly easily calculate the amount of coverage you'll need. And for healthy, young people, the cost is quite reasonable. But your situation may be more complex. Are you only looking for insurance for a set period of time, or are you actu- ally doing some estate planning? When you say, "something left over for my child," do you mean enough money to get through college or an inheritance? So, your first step is to clarify and articulate your long-term financial needs and goals. You may want to enlist the help of an objective financial planner or an estate planner as you consider the following: MONEY Your big picture: Finding the right insurance product will probably depend on many factors, including the size of your estate, your income (and income potential), how long you plan to have a mortgage, as well as your other long-term financial goals: your retirement, certainly, but probably col- lege for your child, long-term care insurance for yourself, or longer-term financial respon- sibilities for your child or other relatives. Your insurance "time ho- rizon": We often talk about the time horizon when it comes to investing, but it's an important concept for insurance, too. For short-term needs, term insur- ance is certainly the cheapest and probably the best option. If you are convinced your child will be self-sufficient by the time he or she graduates from college, for example, life insurance beyond that may be unnecessary. But if you think you'll need coverage for an indefinite time (say, until you die), a permanent or whole life policy may be the better choice. Your premiums will stay level (most term policies are level, but only for a finite number of years; they can climb dramati- cally as you get older and have to renew). Also, with whole life and sim- ilar plans, part of your premium will be invested so you'll be building an asset for the future. Again, you'll need to examine your financial future as a whole to find the best solution. You have lots of choices: Buying a term policy can be wonderfully simple; pick the term you need, shop around for a low premium and check out the insurer's A.M. Best rating for financial strength. But if you need a form of permanent insurance, you will face a bewil- dering array of choices: whole life, universal, adjustable, vari- able, variable universal, etc. This is where expert assis- tance will be so valuable -- not only at helping you articulate just what you're trying to insure, but also in helping you to iden- tify which vehicle or combina- tion of vehicles can help you get there. It's possible that a term policy plus a permanent policy could work together effectively. Proponents of term life insurance are correct that it is often best to purchase an inexpensive term policy and invest the difference yourself. The commissions on whole life policies tend to be much higher, eroding the value of the invest- ment. However, it is also true that most term policies lapse before the policyholder's death. In other words, the vast major- ity of death claims are paid on permanent forms of insurance, not term insurance. Bottom line? It's a very good start to know that you need insurance. But before you start shopping for policies,, spend some time figuring otut what you're trying to achieve today and over the next few de- cades. Keep the proverbial "big picture" in mind. Then as you investigate the pros and cons of different policies, you'll have the perspective to make the best decisions. Good luck! Carrie Schwab-Pomerantz, CERTIFIED FINANCIAL PLAN- NER (tin) is president of the Charles Schwab Foundation and author of "It Pays to Talk. "You can e-mail Carrie at askcarrie@ This column is no substitute for an individualized recommendation, tax, or person- alized investment advice. Notice for Publication NOTICE OF APPLICATION ["OR CERTIFICATE OF CONVENIENCE AND NECESSITY (CCN) TO PROVIDE WATER UT1HTY SERVICE IN [lAYS COUNTY. TEXAS Cib of Kyle has filed '-an application to amend CCN No, 11024 and m decertit}' portions of Gof0rth Water Supply Coqmration and County Line Water Supply Corporation with the Texas Commission on [-nvironmenM Quality Io provide water utility service in Hays County. The proposed utility service area is located approximately 1-2 miles east of downtown Kyle, Texas. and is generally bounded on the north by Goforth Road/Bunion Lane; cm the east by Bunion Creek SuMivision, on the south by Plum Creek; and on the west by Lehman RuM ]'he total area being requested includes approximately 176 acres and 3 current customers. The proposed amendment affects customers and/or areas k, ated in the following zip code: 78640, A copy, of he proposed service area map is available at City )" Kylc Public Works, t0," South Frc, nt Street. Kyle, Texas 78640 or by calhng, ,,,..6,-o08>. A request for a public hearing must be in writing You must state (1) your name, mailing address, and daylime telephone number; (12) the applicant's name. application mtmber or another recognizable reference to this application; (3) the statement, "l/we request a public hearing", (4) a brief descriptkm of hmv you or the persons you represent, would be adversely affected by the granting of the application lbr a CCN; and (5) your prolmsed adjustment to the application or CCN which wotdd satis,}  your concerns and cause you to withdraw your request rot a hearing Persons who wish 1o intetwene or comment should W,Tite the: Texas Commission on Envimmncntal Quality Water Supply Division Utilities and Districts Section, MC-t53 IL O, Box 13087 Austin, TX 78711-3087 within thirty (130) days from the date of this publication or notice, A public hearing wilt be held only if a legally sufficient hearing request is received or if the Commission on its own motion requests a hearing, Only those individuals who submit a written hearing request or a wrilten request to be notified ira hearing is set will receive notice ifa hearing is scheduled, lfa public hearing is requested, the Executive Director wiil not issue the CCN and will forward the application to the State Office of Administrative Hearings (SOAH) fbr a hearing. If no settlement is reached and an evidential' hearing is held, the SOAH will submit a recommendation to the Commission tbr final decision. If an evidential' hearing is held. it will be a legal proceeding similar to a civil trial in state district court. If you are a landowner with a tract of land at least 25 acres or more, that is partially or wholly located within the proposed area, you may request to exclude the tract from the proposed area (or *'opt out") by providing written notice to the Commission within (30) days from the date that notice ,'as provided by the applicant, All requests to opt out of the requested service area must include a scaled, general location map and a metes and bounds description of the tract of land. Persons who meet the requirements to opt out. and wish to request INs optim should file the required documents with the: Texas Commission on Environmental Quality Water Supply Division Utilities and Districts Section, MC-153 P, O. Box 13087 Austin, TX 78711-3087 A cop3' or the request to opt out of the proposed area must also be sent to the applicant. Staff may request additional information rerding your request, Si desea informacion en Espanol, puede llmnar al 1-512-239-0200. + HURRY! OFFER ENDS THURSDAY, FEBRUARY 11, 2010. Limited tickets available, so sign up someone todag! New subscribers onlg, no renewals. Bring subscription form to our Kgle office to receive tickets. Pagment must accompang order. OOOOOOOOOOOOOeOOOOOOOOOOOOQOOOOOOOOOOQOOOOUOOOOOOOOOOOOO0 HAYS & TRAVIS COUNTIES Name 3 Years __$74 2 Years ___$50 Address 1 Year ___$28 Zip Home Phone No. OUT OF COUNTY Email 3 Years ___$99 2 Years __$66 1 Check Enclosed [] Charge credit card 1 Year __$42 Credit Card # Exp. Date / Signature 3# Securitg Code __ Amount $ OUT OF STATE 5 '(ears ____$150 2 Years __$106 1 Year ___$54 Over 65? Take 10% off! FEBRUARY 15-21 | at the Frank Erwin enter,, TICKETS ON SALE NOW! 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