USAA has been in business since 1922, providing auto, life, homeowners, health, and property insurance exclusively to active duty military, veterans, and their families, serving more than 13 million members nationwide. The company has an excellent reputation for financial stability and customer satisfaction. NextAdvisor named USAA one of the best car insurance providers for veterans.
While not everyone is eligible for a USAA product, experts agree it’s worthwhile to get a quote if you are qualified. If you can secure auto, life, and homeowners insurance at a lower cost, it can help your budget.
Here’s a breakdown of USAA’s product offerings and the benefits and drawbacks of becoming a member.
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Residents of the community where a company has facilities
Consumers that rely on the goods or services the company provides
There can be an overlap between roles, such as when an employee owns company stock.
How to Become a Stakeholder or Shareholder
There are many ways to become a stakeholder in a company. You can apply for job openings or throw in your bid when the company needs suppliers or vendors, says Byzyka.
The path to becoming a shareholder is simpler: Open an investment account and buy shares.
You can hire firms with advisers that build personalized investment strategies tailored to your goals, budget, and appetite for risk. But these days, many Americans are self-managing using online investment platforms such as Fidelity or Vanguard.