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GOT
A QUESTION?
Get the Answer
from MetLife Auto & Home
Follow
the links below to find answers to the questions of interest
to you -- or ask a question of your own!
[Q]
I've been pinching pennies, and I finally
bought the sailboat of my dreams. Now that my savings account
has dwindled, I'm looking for ways to cut costs on boat insurance.
Can you help?
[A]
Spring's warm weather is right around the corner, and we're
sure you're eager to spend your vacation days on the water.
Whether you're skippering a sailboat, outboard motorboat or
houseboat, there are many smart ways to cut your premium with
MetLife Auto & Home.
- Take
a boating safety class. You'll receive a discount when
you complete a safety course approved and/or given by the
U.S. Coast Guard, U.S. Power Squadron or National Association
of State Boating Law Administrators.
-
Consolidate your policies. You also may get a discount
on your auto and/or homeowners insurance if you insure with
us.
- Outfit
your boat for safety. You will qualify for the Protective
Devices discount if your boat has items such as a VHF ship-to-shore
radio, depth finder, vapor detection system, built-in CO2
fire-extinguishing system, a burglar alarm or operable radar,
LORAN or Satellite Navigation systems. See more information
on boat
insurance.
[Q]
I changed jobs recently. I left my 401(k) with my previous
employer and started a new account with my new employer. Should
I combine the two, or am I safer not having all my eggs in
one basket?
[A]
Congratulate yourself on diligently saving for retirement.
When you switch employers, you may have several options relating
to your 401(k).
- Leave
the money where it is. This may be the easiest option,
but as you noted, you won't be able to continue to contribute
to it or borrow from it, and you may be restricted with
the types of investments you can make.
- Take
the money with you. By transferring the old 401(k) into
your new 401(k) plan, your money will continue to grow,
you'll defer paying taxes until you make a withdrawal and
you'll have greater control over your investments.
-
Transfer it to a rollover IRA. This may give you the
most investment options. Be sure you don't combine the money
from your old 401(k) with any other money. That way you'll
keep the option of someday transferring this money into
another employer's 401(k) plan. To determine the right choice
for your situation, set
up a free consultation with a MetLife financial planner.
[Q]
If I advertise to sell my car myself and someone asks to take
a test drive, what do I do? Should I ask to see their driver's
license and proof of auto insurance? What happens if they
have an accident?
[A]
In this age of eBay and other Internet shopping sites, more
and more people are selling their cars themselves. You're
smart to want to protect yourself. If a potential buyer asks
to test drive your car, ask to see a copy of his or her driver's
license to check that it's valid. Your MetLife Auto & Home
automobile policy will cover you in the event of an accident
-- whether you're driving your car or someone else is driving
the car with your permission. (See your policy for exact details.)
In any case, always keep your personal safety in mind. If
a buyer makes you feel uncomfortable, cut the visit short.
Take a cell phone with you. Plan the route that you'll take
in advance, then accompany the buyer as a passenger during
the test drive. We wish you luck selling your car.
Got
a Question?
Email it to us at editor@MetLifeYourLife.com.
Or, write to us at: MetLife, Your Life, Dept. LN304, 1716
Locust St., Des Moines, IA 50309.
We regret
that due to volume we are unable to respond individually to
questions.
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