Input: When Can I Access My Roth 401K?

Output: A Roth IRA is subject to the Internal Revenue Code . The code stipulates that you can withdraw money from your Roth IRA whenever you want . If the account has been in force for over five years the distribution will not be considered ordinary income , however if you are younger than 59.5 you will be subject to a 10 % penalty tax . Once your are more than 59.5 and have held the contract for more than 5 years you can withdraw money to your hearts content without fear of income tax .


Input: What Type Of Retirement Plan Is A 401K?

Output: The presence of high cholesterol in the blood has been linked to reduced longevity . To the extent that is true your life insurance policy might be rated . This is to reflect the increased risk that you present to the insurance company . If you have high cholesterol it will probably be detected whether a paramedical exam is conducted or not . You will find that honest full disclosure will usually give you the best possible rate .


Input: What Type Of Retirement Plan Is A 401K?

Output: A 401 -LRB- k -RRB- is a defined contribution plan under The Employee Retirement Income Security Act of 1974 -LRB- ERISA -RRB- . It permits participants to contribute tax deductible contributions to their future retirement . A 401 -LRB- k -RRB- account accumulates tax deferred and is taxable at ordinary income tax rates upon distributions .


Input: How Long Will Medicare Last At The Current Rate?

Output: If you are asking if Medicare will go bankrupt , that wo n't happen . This social program is too entrenched in the landscape . There may be changes to the program over the next few years , but even with the losses stacking up I do n't ever see Medicare or Social Security going away .


Input: Who Does Car Insurance Cover?

Output: Auto insurance follows the automobile . The fact that most automobiles have passengers makes the policy also include them . Sometimes people walk near motorways and in a way the auto insurance policy protects them from damages . In a way society is also covered in that bills get paid , injuries healed and commerce can move smoothly .


Input: Who Does Car Insurance Cover?

Output: There are numerous people that can be covered under auto insurance and it really depends on your specific policy . To determine exactly what is covered you should seek out advice either from your agent or the customer service department of the auto insurer with whom you have your current policy .


Input: Is Adderall Covered By Health Insurance?

Output: Adderall is covered by most health insurance plans . As a health insurance broker with more than 33 years of experience , this type of question is very commonly asked . An `` Exchange '' policy will provide benefits for the drug and the expenses of treatment , although a deductible or copay may apply . However , short-term plans will often exclude pre-existing conditions , and therefore Adderall would not be covered on this type of plan .


Input: Is Adderall Covered By Health Insurance?

Output: Drug coverage on health insurance policies differ from plan to plan . If you have an agent you should contact him or her and ask them -LRB- I always have my clients contact me first as it is much easier for them to go through me than the insurance company . -RRB- If you do n't have an agent contact your insurance carrier directly and they will review your benefits .


Input: Is Adderall Covered By Health Insurance?

Output: Adderall is a type of prescription and would therefore be covered under your health plan 's prescription drug coverage . Which tier level it may fall under can vary from plan-to-plan , meaning how much you pay for the prescription may be higher under some plans and lower under others . Tiers are generally broken down in to 4 or 5 categories - some combination of preferred generics , non-preferred generics , preferred brand-name drugs , non-preferred brand-name drugs , and specialty drugs -LRB- some plans classify preferred and non-preferred specialty drugs -RRB- . If you 're unsure , you can contact the carrier -LRB- or your agent -RRB- to find out if that specific prescription will be covered by your health plan and/or what portion of the expense they cover and what your portion of the expense would be -LRB- your copayment or coinsurance -RRB- .


Input: Why Start A Retirement Plan Early?

Output: In one word ... Time ! Okay , I 'll go deeper . :-RRB- Money , properly invested , grows and compounds over time . The sooner you begin the more you would have . If you start your working career at age 25 and worked until age 70 that is 45 years of working . Hypothetically , let 's say you began putting away just $ 200 a month at age 25 and stopped at age 45 and earned a 7 % actual return , if you did n't put in another penny and waited until age 70 you 'd have $ 565.5458.87 . That means you put in $ 48,000 of your money and allowed it to compound . If you waited until age 45 to start saving for retirement you would have to put in $ 698.04 per month for 25 years earning that 7 % actual return to end up with the same $ 565,458.87 . It would take $ 209,410.68 of your money to accumulate that much money . The sooner you start , even if it is n't that much money , put into the right places can really blossom into a tremendous amount of money . Hope this helps .


Input: How Does Life Insurance Affect Financial Aid?

Output: Term life insurance does n't affect financial aid . Life insurance owned by a trust and out of the estate does n't affect financial aid . However if the cash values of a personally owned life insurance policy are cited as an asset for personal bank loan purposes or business loans , it could be construed as a cash asset and may be characterized as an asset for financial aid means testing .


Input: What Is CDW Insurance On Car Rentals?

Output: -- > Normal 0 It is my understanding you will find CDW in many car rental agreements and it is an abbreviation for Collision Damage Waiver . When you rent a car , you are required to sign a rental agreement . Most renters fail to read the agreement but in most cases the agreement states you agree to accept full responsibility should the car is damaged in any way , even if that damage is not your fault ! For an additional daily charge , often $ 20 or more , rental companies will not charge you should you return their car with damage or report it stolen . Thats a pretty hefty charge for what many would consider one day 's comprehensive and collision coverage . Annualized that amounts to rental customers paying more than $ 7000 a year just for potential damage to the car ! Your own car insurance may extend to cover damage to cars you rent but check with your agent or insurer to make sure . Even if your insurance coverage extends to cover a rental car you are driving , it may not cover all the charges the rental company makes you responsible for . Often when signing the rental agreement , you assume responsibility for the loss of value to their car if it is damaged , the loss of rental revenue they lose while the car is being repaired and even their administrative costs incurred as a result of the damage . These costs are usually not covered by most personal auto insurance policies . And more than likely , you have given the rental company permission to put those charges right on your credit card . Be alert !


Input: At What Age Does Health Insurance Drop?

Output: For most Americans with individual health coverage , their policy will terminate , or drop , at age 65 , when they become eligible for Medicare . People who receive coverage from their employer may be able to remain on their group coverage beyond age 65 , depending on the rules governing your employer 's plan . In such a case , you should also consider whether or not to accept Medicare coverage , or you may incur penalties for enrolling in Medicare after you are first eligible .


Input: What Happens To A Variable Annuity When You Die?

Output: Annuities are contracts . The contract normally names a beneficiary and often a contingent beneficiary should the beneficiary die first . The value of the annuity would be transferred to the beneficiary and the company would issue a 1099 for any taxable distribution . Depending upon the annuity it might have the option for the beneficiary to continue the annuity for their own benefit .


Input: Who Enforces Car Insurance?

Output: It seems that you are asking about State regulations regarding car insurance and vehicle ownership . In most states , Motor Vechicle regulations require proof of car insurance as a condition of registering a car . Without insurance a car ca n't be registered for road use and if insurance is cancelled , DMV is notified and regisatration will be revoked making it illigal to drive .


Input: What Does A Life Insurance Company Do?

Output: A life insurance company 's purpose is to offer products which offer some for of benefit in the event of death . Most Life Insurance company 's have portfolios that include term coverage as well as permanent plans which may provide some cash value as the policy ages . Some companies depend on brokers and agents to market their products while others allow you to work with direct .


Input: What Exactly Is Obamacare?

Output: `` Obamacare '' has come to be known , for better or worse , as the pseudonym for the Affordable Care Act , or ACA . This law , passed on March 23 , 2010 , was intended to help the uninsured be able to purchase health insurance at prices that they could not previously afford , or may have been denied due to existing health conditions .


Input: What Exactly Is Obamacare?

Output: Obamacare is the nick name for the Affordable Care Act . The Affordable Care Act -LRB- ACA -RRB- is the law that was passed in 2010 . This law was created to help the uninsured have the opportunity to purchase insurance at rates that they can afford . The law created a market place for individuals , families and small business owners to shop for insurance and qualify for tax credits to help with the payments .


Input: Who Can Sponsor A Retirement Plan?

Output: There are employer sponsored retirement plans as well as individual retirement plans . One example of an employer sponsored retirement plan under ERISA -LRB- Employee Retirement Income Security Act of 1974 -RRB- is a defined contribution plan , where pretax contributions accumulate tax deferred and some employers match a portion of the contribution . Individuals can set up their own IRAs .


Input: Who Should Carry Life Insurance?

Output: The easy answer is `` anyone who will pass away , and does n't have a ton of cash laying around to cover funeral expenses and provide for those they leave behind '' . If you are n't in that category , then it might be best to look into it . The truth is that unfortunately , too many people are uncomfortable thinking about death , and so avoid the planning for what happens when they do . The result is financial stress on the spouse/immediate family ; emotional stress for the family when the hat is passed around to help collect for the costs , and the real strain of trying to live without an income , and the drastic lifestyle changes that causes . That sounds harsh , and it is , but it is becoming more and more common as incomes dwindle and families struggle . Please consider the importance of protecting those you love from this reality . Please hit the `` contact me '' button , and let me help you with your questions .


Input: Who Should Carry Life Insurance?

Output: Just about everyone is going to need life insurance at some point in their lives . When you 're a child , many parents look into buying a small whole life policy with future increase option riders -LRB- periodic allowance to increase the face amount of the policy in their adult years - generally this can be done 8 times beginning at age 25 -RRB- as there is no medical exam , given their age . When you 're an adult , you 'll likely have a mortgage for a house , loans for cars , credit card debt , medical bills , burial expenses , etc. , that you would like to have paid off in the event of your death so your family does n't suffer financially due to the lost income . Another common use is income replacement so your family can maintain their current lifestyle rather than having to make dramatic changes . Many people may buy a life insurance policy for estate planning purposes . In short , regardless of where you are in life , you will almost always have a need for coverage .


Input: Who Should Carry Life Insurance?

Output: First and foremost life insurance creates cash at death . Therefore the answer is anyone whose death would create an economic loss . There may be a loss , but do you care enough to cover the loss . For example , if you have a family your death means the loss of a bread winner.Insurance can be used to eliminate debts , pay costs and death and create a fund to generate an income . If you have a business the your death will affect the company . Life insurance can be used to create a buffer fund and pay additional costs . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community .


Input: Does Health Insurance Cover Vaccinations?

Output: Health insurance plans cover most routine vaccinations for children from birth through age 18 . Some of the covered vaccinations include hepatitis B , DPT -LRB- diptheria , pertussis and tetanus -RRB- , MMR -LRB- measles , mumps and rubella -RRB- . Some adult vaccinations may be covered by your health insurance plan . Those may include annual influenza shots and shingles . Also , some plans will cover the HPV vaccination for children and young adults .


Input: Does Health Insurance Cover Vaccinations?

Output: In my state and when Obamacare kicks in completely I believe all states will cover vaccinations as preventative care . Depending on your state , you may already have kids vaccinations covered in full and adults as well . I know that when I visit my doctor , each year I get a flu shot , it is covered 100 % by my plan .


Input: Is Medigap And Medicare Supplement The Same?

Output: Yes , Medigap and a Medicare Supplement are actually pseudonyms , two different terms that mean the exact same thing . Medigap refers to a policy that `` fills in the gaps '' of what Medicare does not pay , much like a Medicare Supplement , which is intended to `` supplement payment for items that Medicare does not pay in full . '' Either way you say it , both terms mean the same thing .


Input: Is Medigap And Medicare Supplement The Same?

Output: Are Medigap and Medicare supplement the same thing ? Yes , pretty much the words are interchangeable in their use in describing those products that are available to supplement your Medicare parts A and B . You `` gap '' that implies it fills in the holes A & B miss and `` supplement '' which implies it covers what A & B do n't . Tomato or Tomato .


Input: What Is Involved In A Life Insurance Physical?

Output: Physicals for life insurance depend on the amount of coverage you 're requesting and your age . Simplified issue may only require a battery of questions with a limited death benefit amount . But fully underwritten life insurance policies generally require a para med service that comes to your location , measures your height and weight , draws blood , collect a urine sample and sometimes an EKG . There could be additional exams if the amount or age or the proposed insured 's history triggersfurtherdue diligence . Keep in mind that all your medical records from allphysicianswill also be required with any prescriptions you 're taking . They will order your driving record as well , looking for excessive traffic violations and any DUIs .


Input: What Is Involved In A Life Insurance Physical?

Output: It depends on the size of the policy . On average it would be a paramedical exam , blood pressure , height weight , health questions , and blood , urine or saliva depending on the company . A larger policy may require a full doctors physical with a stress test and the blood and urine .


Input: When Can I Use My New Health Insurance?

Output: You can use a new health insurance plan on and after the effective date of the coverage . For example , if you have a July 1 , 2014 effective date , you can use your new coverage beginning on July 1 , 2014 and each day thereafter as long as the policy is in force . If you have purchased a policy with a future effective date and are still covered under an old plan , that policy would be providing your coverage until you reach the effective date of the new plan -LRB- and assuming you are terminating the other plan -RRB- . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much .


Input: Can Health Insurance Companies Tell If You Smoke?

Output: Maybe ... . Let 's say they ca n't and they just take your word for it - that you are a non smoker . Was it worth the risk when the health or life insurance company finds out that you are a smoker and refuses to pay for anything because you lied ? Just be honest .


Input: Will Diabetes Affect My Car Insurance?

Output: No , auto insurers do not underwrite or price their products based on health conditions of a policy holder so having diabetes will not affect the pricing of your policy nor your ability to get coverage .


Input: Will Diabetes Affect My Car Insurance?

Output: Most companies will have a medical question referring to it or similar . Had a customer black out due to low blood sugar and carrier was refusing to pay due to disclosure failure . Had another customer who was blind in one eye . That carrier did not have a medical question about that -LRB- only diabetes -RRB- . customer never had a wreck with the good eye ... can not say the same for the other . He said it was not his fault he did not see it coming -LRB- did not turn his neck far around enough to look -- carrier did pay . Usually if the car is adapted for a disability no problem . They have not figured out how to adapt for blackouts for high or low sugar.Did have one customer upset that a carrier would not insure her , she explained that she only had seizures at night and saw no reason why she could not drive in the daytime .


Input: How To Get A Homeowners Insurance Quote?

Output: To get a quote for a homeowners policy , I recommend that you contact a trusted insurance agent . If you dont already have an agent , get a recommendation from a colleague , friend or neighbor . A trusted agent will listen to you , provide solid financial advice and communicate clearly with you and with the insurance company . Setting limits is the most important thing that an agent will be able to help you with . Having a loss and discovering that your insurance is inadequate is terrible .


Input: How Can I Compare Life Insurance Quotes In Mississippi?

Output: To compare life insurance quotes in Mississippi , you can go to a website that offers life insurance in Mississippi , put in your date of birth , gender , height , weight , whether you use tobacco , and basic health conditions . If the quoter does not have those fields , the quote will be a general quote , which is not at all accurate . But it can show you what that best rates run in MS. You can also call or email an online agency that offers life insurance in Mississippi to obtain your quote . They will run through the health questions with you and help you compare quotes from multiple companies . Looking at the leaderboard , some of us have online agencies , so that is a place to start . Or you can use a search engine to find one .


Input: Do Fixed Annuities Work?

Output: Tax deferred fixed annuities work well for those seeking higher credited interest rates that traditional banks offered over the years . And the tax deferral feature can have a significant financial impact for those in high tax brackets who are mid to long term savers .


Input: Do Fixed Annuities Work?

Output: You know ... I have a friend who works tireless hours to receive government benefits . One may wonder why he does n't get a job ?! Anyways , there are many moving parts in Fixed -LRB- Indexed -RRB- Annuities . -LRB- FA -RRB- But ` Do they work ' is a tad broad . Here are a few questions you may want to know , before moving forward with a FA : - Why are you thinking about a FA ? - What do you wish to accomplish ? - Do you need income now , later , forever -LRB- so long as you shall live -RRB- - with a spouse , or it for something else ? - Is liquidity -LRB- without penalty -RRB- an immediate concern ? - Is long term growth with protection of principal your primary goal ? Get where I 'm going with this ? In the world of FAs , there are many moving parts and many options . Did you know that Texas and Florida are the only two states in the US that have added protective benefits , built into annuities ? Point being , a good Agent / Advisor will take the time to do a thorough needs analysis to determine what you seek , if a FA suits your needs and if applicable show you two or three options and let you choose what YOU believe is best for you . Just my two-cents !


Input: Where Can I Buy Group Health Insurance?

Output: If you 're the owner of the business -LRB- or authorized person to set up group coverage for the business -RRB- , you should work with an experienced health insurance broker who can review options for multiple companies and create a thorough comparison between plans . Group insurance works a lot different than individual insurance and is constantly changing in the marketplace . If you 're an employee of a business looking to sign up for group health insurance through your employer , then you would need to contact your HR representative to enroll . Group health insurance quotes are based on the size of your business , the industrys SIC code , age of employees , and average employee health -LRB- for most states -RRB- . There are no instant online quotes for group health insurance for these reasons . Some of the companies that can offer group plans include United Healthcare , Kaiser Permanente , Anthem BCBS , CareFirst BCBS , Aetna , and Coventry , to name a few . Even if you already have a group plan , you may want to compare the options with other plans available to you in the marketplace . In many circumstances , an alternative benefit structure can provide similar benefits and save you huge dollars in premiums . I hope the information is helpful . Please feel free to contact me for help if you would like assistance with your business ' program and if you have any other questions . Thanks very much .


Input: How Much Does It Cost To Buy Health Insurance?

Output: Health insurance costs vary depending on where you live , how old you are and until 2014 , the type and severity of your health conditions -LRB- if any -RRB- . Individual and family private health insurance plans are available at the lowest possible rates through independent brokers and reputable websites . You can receive prices in minutes and apply online . There never is any cost or obligation and the expert advice you receive will help you find the best plans .


Input: Does Private Health Insurance Cover An MRI?

Output: In most cases an MRI will be covered under a Major Medical policy as long as it is a medically necessary diagnostic procedure . There may be some limitations so check with your insurance company to be sure you know the specifics to your policy as to any deductibles and copay 's and preferred facilities to have the test ran .


Input: How Does Health Insurance Function?

Output: Health insurance functions relatively easily . The consumer pays premiums for a specified -LRB- in writing -RRB- set of benefits . When the insured -LRB- individual or family -RRB- incurs medical expenses , if they are covered , treatment is given by a provider -LRB- usually in a Network -RRB- and eventually a claim is submitted . An insurance company determines what amount should be paid -LRB- remember ... a deductible may apply -RRB- , and pays the provider . The insured can apply for many levels of coverage depending upon their budget . An experienced broker is a great resource to contact or a reputable website where live quotes are often available .


Input: Who Pays A Health Insurance Broker?

Output: The majority of the time Insurance Brokersreceivetheir entire compensation from the health insurance company theyplace the plan with . The payment theyreceiveis a commision payment based on a percentage of thetotal premium , and number of enrollees . The commission 's do not effect the premiums , their clients receive the same premium rates as if they had enrolled without any professional assistance , the brokers commissions are generally payed out of insurance companies operating budget . I say that the `` majority of the time '' because there are certain benefit designs that can require a Broker to devote large amounts of time and resources to a account and will justify a pre-agreed fee structure . However , such situations are generally only a issue with large employers , especially those who have multi-state operations .


Input: Is Long Term Care Covered By Insurance?

Output: Long Term Care is covered by insurance only if the person has purchased a Long Term Care policy prior to needing the care . If there is no LTC insurance plan in place , the care must be paid for by income and assets until assets are depleted to a certain level -LRB- if there is a spouse living at home , they are allowed to keep approx half of the assets owned by the couple -RRB- . Then the person receiving the Long Term Care is able to apply for Medicaid , which then takes over payments of their care .


Input: When Should Someone Buy Long Term Care Insurance?

Output: As a retirement planning specialist , I spend alot of time doing long term care planning . Why would I do this ? Because NOTHING will derail a person 's life-time savings faster than a custodial -LRB- AKA long term care -RRB- claim . There are two reasons why a person should purchase LTC ; the first is that they care about the quality of care , and having a say in where care will be provided , should they require it . The second reason is that they care about protecting the assets that they have acquired over the course of their life-time , and they want to protect those assets for their healthy spouse and/or children , rather then have those assets eaten up by impairment , or having them signed over to medicaid or a nursing home . As far as WHEN a person should purchase coverage ; my youngest clients are usually in their 40 's , and with them I usually recommend a hybrid life insurance-LTC product ; my average clients are in their mid 50 's to late 60 's , and for them I recommend either traditional long term care or a single premium policy with refund provisions , and my oldest clients are in their mid 70 's . I think the best time to purchase for most people is in their mid to late 50 's , because most will get better underwriting and a favorable premium . I hope this helps .


Input: When Should Someone Buy Long Term Care Insurance?

Output: When do most people think about applying for Long Term Care Insurance ? When they are diagnosed with a possibly crippling disease . But the best time to apply for Long Term Care Insurance is before that diagnosis occurs . If you have a family history of diabetes , arthritis , heart disease , or other health conditions that could eventually hinder your ability to care for yourself , you may want to buy your long term care policy before your 50 's . If you are extremely healthy , you may be able to wait until your 60 's . I agree with Ken , that the mid to late 50 's is a good time to get a good rate and hopefully get ahead of those pesky health conditions that often strike in later life .


Input: Where Can I Find Cheap Car Insurance?

Output: Everyone wants to pay less for car insurance butbe careful purchasingthe cheapest policy . Purchasing the cheapest policy onlinemay cost you severly down the road . For example , a home owner in Virginia recentlypurchased a policy online with state minmium limits . The policy was $ 15 less per month so he decided to switch . Two months later he was hit by an uninsured driver and in the hospital for 3 months . The new policy he purchased did not cover his car much less his medical bills . Cheaper is notbetter sowhen it comes to insurance focus on finding the best value .


Input: Who Should I Put As Beneficiary On Life Insurance?

Output: You should put as beneficiary on your life insurance policy , someone who you trust to use the death benefit as you desire . If you want your minor children to be taken care of , you could choose your spouse , your parent or other person who would become their guardian if you were to pass , or a trust that would distribute the money to them as you see fit . If you want the policy proceeds to pay for your funeral , choose a responsible relative who will carry out your wishes , or assign the policy to the funeral home . In other words , pick the beneficiary who will use it for the purposes you intended .


Input: Who Should I Put As Beneficiary On Life Insurance?

Output: Whoever depends on you financial should be considered as a beneficiary of your life policy , i.e. immediate family members , business partners and charitable organizations . There must be insurable interest between the policy insured and the policy beneficiary . You must also establish the liability amount for the death benefit .


Input: What Is Auto Insurance Comprehensive Deductible?

Output: comprehensive coverage on a vehicle is coverage for anything other than a collision . this includes things such as theft , vandalism , weather damage , hitting a deer etc. the deductible refers to the out of pocket expense you have to pay if you file a claim . for example : let 's say you hit a deer , causing $ 2000 damage to your vehicle ... . the insurance company will pay $ 2000 minus whatever the deductible is . so , in this example , if you have $ 2000 damage with a $ 500 deductible , the claim would pay $ 1500 .


Input: What Is Auto Insurance Comprehensive Deductible?

Output: That is a great question ! Deductible is the word for what insurance companies expect you to pay towards your share of the cost . In their view , if you know that you have to pay before they will , it will act as an incentive for you to be a little more careful . In your auto policy you have a collision part , and a comprehensive part . The comprehensive covers any damage not incurred through a collision . A rock through the window , someone breaking into your car , or a tree falling on it would be examples of comprehensive coverage . In the event of these repairs , you would be expected to pay your deductible , and the company the rest . This is why it is important to not set a deductible higher than what you can safely scratch up , if you need to . I hope that helps , thanks for asking !


Input: What Is Auto Insurance Comprehensive Deductible?

Output: If you leave the tailgate up on your Honda Fit and close the garage door on the tailgate that is a comprehensive claim . Your company will direct you to a repair shop . They will repair the car and send a check that requires two signatures , yours and the repair shop . The check will be for the amount of repairs minus your deductible . You will have to pay the deductible to get your car out of the shop .


Input: Can I Get Auto Insurance Without Owning A Car?

Output: Yes . For drivers who do not own vehicles , they can purchase what is known as a named operators policy . These policies are most common when a non-owner needs an sr22 filing to reinstate their license . Some states also have an alternative option of purchasing a broadform named drivers policy . Either policy will work for non-owners . But neither policy offers comprehensive or collision coverage on the vehicle the insured is driving . Only liability , medical , and uninsured motorist bodily injury coverages are offered on this policy .


Input: Can I Get Auto Insurance Without Owning A Car?

Output: You can get an auto insurance policywithout actually owning a vehicle . You will need to get a non owners policy and I would recommend calling around to see what companies offer a policy like that in your state . Usually it is with a non standard carrier such as a Progressive or Dairyland . I would call an independent agent in your area and see what companies offer that type of a policy . Good luck


Input: What Happens When My Car Insurance Lapses?

Output: Well , first there is the obvious and that is that you will no longer have car insurance . NOw , most if not all states require the maintenance of auto insurance as a condition of registrationm so if the policy lapses , here in Connecticut and probably in most states , the insurance company will notify the state Department of Motor Vehicles of the lapse . DMV will then require that one shows proof that they had coverage elsewhere and if they ca n't then there is a fine levied and the registration is cancelled making the car illegal to drive on public access roads and highways .


Input: What Happens When My Car Insurance Lapses?

Output: You will no longer be covered by your current carrier in the event of an accident . Thereby exposing you and your family to potential financial hardship in the event of an accident . Also depending on the amount of time that you let your coverage lapse you could be looking at a surcharge on your premium when you look into getting coverage again .


Input: What Is The Difference Between Medicare And Humana?

Output: Humana is an Insurance company that offers products for Medicare beneficiaries . These product include Medicare Supplements or Medigap insurance for gaps in coverage of Medicare Part A and Part B . These policies have different levels of coverage identified by letters . Humana offers Medicare Advantage policies or Medicare Part C. Medicare Advantage is a private insurance company providing Medicare benefits equal to Medicare Part A and Part B with some additional benefits . You are no longer using your Medicare card for benefits but will use a private insurance card and they pay for your medicare care . You have to check your county to see what Insurance companies offer these plans . Humana offers Medicare Part D which is prescription drug coverage for Medicare beneficiaries . Each county offers different plans and you would have to check to see what plans are offered in your county . Medicare is a federal health plan offered to persons who meet the qualifications .


Input: What Is The Best Permanent Life Insurance Policy?

Output: Determining which permanent life insurance is `` the best '' comes down to your specific needs . There are several different types of permanent life insurance available including Universal Life , Indexed Universal Life and Whole Life . Of these three main types , Universal Life has the lowest premiums . Universal Life can last your entire lifetime and would typically be considered the most basic type of permanent life insurance . Indexed Universal Life and Whole Life are two other types of permanent life insurance and each one can have cash value build-up inside the policy . The cash build-up is calculated differently in each of these types . For an Indexed Universal Life policy , you pay a premium that more than covers the cost of insurance and the excess cash builds up inside the policy . That buildup of cash is credited interest based on an index or combination of indices and how they perform over time . Your cash value is never in the market but can grow if the market is up year-over-year . The IUL can be designed to build up a large cash value over the years and that cash value grows tax deferred . If you need cash along the way , you can get a loan against your policy and use it for your own needs . Many people use an IUL to build cash value for college expenses or to supplement their retirement income . Whole Life insurance policies generally offer fixed premiums . In a participating whole life policy , the cash value inside the policy increases as the insurance company provides dividends based on the overall return on its investments . Earnings beyond those needed to cover policy expenses go to the policy 's cash reserve from which you can use to cover future premiums or borrow against during life 's journey or to supplement retirement income .


Input: What Is The Best Permanent Life Insurance Policy?

Output: Great question and I have a terrific answer for you . The best permanent policy , of course , is the one you can afford and keep in force . If you can combine several needs with one policy , that makes it much easier to afford and much more likely you will keep it in force . Our firm has a brand new product virtually unheard of , permanent life insurance with living benefits , which include and cover at absolutely no extra charge , not only your life , but your living and the things that can happen during it . Such as Disability , Long Term Care , Chronic Illness , Terminal Illness . Experimental medication and treatment . All at a premium equal to or less than what you would otherwise pay for standard old fashioned life insurance . It is offered through a company in business for 167 years and only available through their largest brokerage firm to you . Please contact me , and see how you can save money with the best permanent life policy there is , growing cash all the while , not going down , and available for your retirement too . Thank you . Gary Lane . 714 422 9616 .


Input: What Retirement Plan Is Best For Me?

Output: The retirement plan that is best for you is probably completely different than anybody else 's . Your goals are unique along with your income and risk-tolerance . To determine the best plan , an experienced financial planner can determine which concepts and products match your income and current/future needs . You 'll be able to view recommendations that will get you from your current status to where you seek to be .


Input: What Retirement Plan Is Best For Me?

Output: You need to establish your financial profile , risk tolerance and economic goals first . A secondary area of consideration is your tax bracket and if your employer offers a qualified plan that matches employee contributions . It may be in your best interest to consider non-qualified retirement plans . One thing is for sure , you should contribute as much as your budget allows to your retirement plan . The life expectancy of the American culture appears to be headed past age 90 . Youre going to need it .


Input: Why Do I Have To Apply For Medicare At 65?

Output: Medicare consists of Part A -LRB- hospitalization -RRB- and Part B -LRB- out of hospital coverage -RRB- . Assuming there are no extenuating health circumstances , you 'll recieve Part A when you turn 65 ; you will not be charged for it . Part B costs $ 95 -LRB- or more depending on your income -RRB- . However , you do NOT have to take Part B at age 65 . Example : if you have employer coverage , why would you pay for Part B - that would be duplicate coverage . So you can delay Part B until you lose your employer coverage . There are many more scenarios that may occur , but this is a very typical example .


Input: Will Home Insurance Cover Burglary?

Output: Home Insurance does cover this but some carriers may require proof of forcible entry your deductible may apply . in some cases your deductible is higher then the theft amount which in that case the carrier will pay nothing . This is part of coverage `` C '' I recommend you call your agent and discuss what your options are and also the value of the items stolen and if there was any damage to the structure that make sure the area is secured to prevent any further loss


Input: Will Home Insurance Cover Burglary?

Output: Home insurance covers burglary , although a deductible may apply . Also included in coverage would be the damage to a door -LRB- for example -RRB- and any resulting damage along with personal property that may have been stolen . Theft is one of the primary c overages on a homeowner 's policy along with fire , vandalism and wind damage .


Input: What Is Disability Insurance And Should I Enroll?

Output: To addend to Peggy 's note above - she 's provided an excellent foundation . Disability protection is critical to a solid financial foundation . Unfortunately , mostdo not realize how important protection is until it 's too late - after they become too sick or hurt to work . The chances of suffering a disability are higher than manythink and the effects can be devastating . As Peggy said , if you depend on your paycheck - you need to consider this converage strongly ! Consider This : Almost one-third of Americans entering the work force today -LRB- 3 in 10 -RRB- will become disabled before they retire . -LSB- Social Security Administration Fact Sheet Jan 2009 -RSB- Applications for Social Security benefits increased by 21 percent , but only 35 percent of the 2.8 million workers who applied for SSDI were approved . -LSB- Social Security Administration Office of Disability and Income Security Prgrams . -RSB-


Input: What Is Disability Insurance And Should I Enroll?

Output: If you have the need to work for a living , then yes you should purchase disability insurance . Disability insurance is designed to protect your income in case of an illness or injury so severe you can no longer work at your trained profession . Most policies will pay you up to 70 % of your income all the way to age 67 . There are a lot of moving parts to know when purchasing disability insurance policies like , waiting periods , elimination periods , benefit periods , lump sum benefits , etc. . I recommend using an experienced independent disability broker that can help you find the best coverage at the best price for your unique situation .


Input: What Is Disability Insurance And Should I Enroll?

Output: Disability insurance is insurance that pays you cash if you become unable to work . You choose an elimination period , which is the amount of time you must be disabled before the policy will pay . The shorter the elimination period , the higher the premium . If you suffer an illness or injury that would require you to be off work for an extended period of time , Disability Insurance will pay you a hefty percent of your income until you are able to get back on the job , or until retirement , if you chose a policy that would pay out that long . Enrolling in a Disability plan is a good idea for anyone who relies on their paycheck for the basic provisions of life .


Input: Does Disability Insurance Count As Earned Income?

Output: Disability insurance can count as taxable income or it can be tax free . The simple way to determine if disability income benefits are going to be taxed or not is by determining who pays the premiums ? If you have your disability through an employer who pays your premiums and deducts them from the company taxes , then yes your disability benefits are taxed as income . If you purchase disability insurance and you pay the premiums which are not tax deductible then your disability benefits are tax free . Always consult a professional tax advisor as well when it comes to your taxes .


Input: Who Regulates Group Health Insurance?

Output: Generally when we are talking about full-insured group health insurance plans they are regulated by the state insurance department of the state the group health insurance contract was issued in , this is usually the state where the company is headquartered . The situation , depending upon the circumstances , can get more complicated in the case of self-insured group health insurance plans . These plans are subject to the Federal ERISA law and are overseen by the Department of Labor .


Input: When Would A Person Not Need Much Life Insurance?

Output: People may not need much life insurance if they have enough savings and investments to cover their obligations upon their deaths . Having long term care insurance would be a helpful addition , so that they do not find their savings eaten up by paying for care if unable to care for themselves . At the other end of the spectrum , people with very little income and assets are unable to get large amounts of life insurance .


Input: When Would A Person Not Need Much Life Insurance?

Output: Life insurance coverage is predicated on economic loss at the death of someone . If the potential insured has no financial exposure or justifiable beneficiaries , then life insurance may not be necessary . That scenario is rare . Most Americans have financial liabilities and family or business partners who would suffer at their demise .


Input: When Would A Person Not Need Much Life Insurance?

Output: A person would not need much life insurance if they are dead . Naturally it is not needed at that time . OK ... Seriously , everyone dies so if there is life insurance on a person , it will eventually be used . In a case where a person has a moderate-sized estate , is very liquid , and there are plenty of available assets upon death , assuming a financial planner agrees , there may not be as big of a need .


Input: When Would A Person Not Need Much Life Insurance?

Output: As a person ages in many cases his need for insurance decreases , unless he has a large estate or business interests that need protected . Each case is different as far as the amount of coverage needed . You should at least have enough to cover final expenses and debts .


Input: Does Medicare Part B Cover Hospice?

Output: Medicare does cover hospice care for terminally ill patients . Care must be given by a doctor , nurse or skilled attendant . Once you are in hospice , Medicare will not cover any treatment intended to cure your illness . This includes prescription drugs for your illness . Medicare will not cover room and board in a hospital or nursing home if you are under hospice care .


Input: What Is Better 401K Or Roth IRA?

Output: Which is better a Roth or a 401k ? Well , what are you trying to accomplish and have you given thought to doing both plans ? They basically work in opposite ways . The 401k allows you a tax break now to be paid later on the money distributed from the fund . The idea is you will be in a lower tax bracket so you 're coming out ahead . The Roth does the same thing in the opposite way . You pay your taxes on the contributions and take the money later for free . So with a Roth you 're paying taxes now , to avoid paying later .


Input: What Is Better 401K Or Roth IRA?

Output: A 401K and a Roth IRA are quite different . The 401K plan is employer sponsored and may include matching funds from the employer . The limits to how much can be placed in the 401K are much higher . The amount you put into the 401K is untaxed income but fully taxed when the plan starts making distributions . All distributions incur income tax , and early distributions could be subject to a tax penalty . The Roth IRA is an individual plan that is restricted to people whose income is below a prescribed level . The contributions to the plan are made with after tax dollars ; however , the distribution at retirement is income tax free . Some companies do offer a Roth 401K , which is a marriage of the two plans . Contributions are made with after tax dollars but distributions are income tax free when received after age 59.5 .


Input: How To Find Out What My Health Insurance Covers?

Output: Your best resource for information about a policy that is already in force is from the insurance carrier directly . There will be a toll free number on your card . If you have a direct relationship with an agent who helped you purchase the policy , that person can be of assistance if you run into any challenges . The people at the carrier 's call center are human too and sometimes you can get bad information simply due to human error . If you think an answer is wrong , call back and get another representative . If you get stuck , call your agent !


Input: How To Find Out What My Health Insurance Covers?

Output: You can find out what your health insurance covers by contacting your broker or directly calling the insurer that issued the policy . A duplicate contract can be sent that details all of your benefits , including copays , deductibles , limits of coverage , exclusions and the original effective date . If you need to change policies , an experienced broker can help determine the best way to find and compare rates .


Input: Where To Buy Swiss Annuities?

Output: You can buy Swiss annuities from a number of different brokerage sources . If you are planning on placing the annuity into an IRA , you will need a self directed IRA . Traditionally Swiss annuities offer no additional benefits over products that are available from US domiciled insurers , so the hassle of getting a Swiss annuity may far exceed its benefits .


Input: What Is Medicare Eligibility Date?

Output: You can sign up for Medicare as early as 3 months before your 65th birthday and up to 3 months after your 65th birthday . If you 're outside of this window , you will have to wait to sign up until the general enrollment period opens up for Part B -LRB- January 1-March 31 of each year -RRB- , unless you qualify for a special enrollment period . Other situations where you can be eligible for Medicare are if you 're under 65 and on social security disability -LRB- need to be on it for at least 24 months -RRB- , or have end-stage renal disease .


Input: Does Herpes Affect Life Insurance?

Output: Having herpes generally will not affect your life insurance rate . If you are eligible for the best health rating based on your build , health , and other risk , you should still be able to get the best rating despite having herpes . Some life insurance applications do not ask about STD 's at all , and others do ask , but will not penalize you for having herpes .


Input: What Is Present Value Of Annuities?

Output: The present value of annuities is the current value of a set of cash flows in the future , based on a number of factors . Because of inflation , money at present is worth more than the same amount of money in the future . So present value of annuities looks at the value of the sum of payments expected , not just the sum .


Input: How Does Life Insurance Annuity Work?

Output: A life annuity pays a predetermined periodic payment for the life of the annuitant . The combination of interest rate and mortality credits credited to the policy are the two key factors in the life payout . The annuitants age and gender play a key role in the calculation of the payout .


Input: How Does Life Insurance Annuity Work?

Output: Life insurance policies have settlement options that include payout annuities . That means you can covert the cash value into an income flow for retirement income . You should check to be sure you understand any tax consequences . It also means that the death benefit can be paid as an annuity income . You could direct that a beneficiary receives a life income rather than a lump sum for example . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community .


Input: Why Doesn't Suze Orman Like Annuities?

Output: Suze Orman seems to have softened her position on annuities . In the past she has be extremely critical of annuities . But recent postings on the Internet suggest she has modified her position if not her overall tone . Theres a piece on the Internet called Truth About Annuities , apparently authored by Suze , where she gives some latitude in their use in certain scenarios .


Input: Is Auto Insurance Required By Law?

Output: In most states , you are required by law to carry auto insurance if you own and drive a car . The mandatory coverages are usually bodily injury and property damage liability as well as personal injury coverage . This is to be sure that , if you get into an accident , there is money to pay for any damage to persons or property as well as any injuries sustained in the accident . Coverage for damage to your car is normally an optional coverage although it may be required by a finance company or leasing company . A good agent can help you chose the right coverage for your particular situation . Find an agent you can trust and follow their advice . You 'll be glad you did .


Input: Is Auto Insurance Required By Law?

Output: Yes , auto insurance is required by law . Driving is a privilege and not a right and if a driver is too immature to handle an auto he is going to soon buy a new pair of shoes because they will not be able to get insurance much less afford it . Every driver on the road has a responsiblity to the other driver to assuree they follow all driving rules and regulations and their actions does not endanger the other party


Input: How To Buy Other Peoples Life Insurance?

Output: There is a secondary market that will buy and sell existing life insurance policies . The test of insurable interest only exists at the inception of the policy . If you buy a policy on the life of someone you do not know , your interest would be speculative , trusting that the insured would die sooner rather than later .


Input: Which Insurance Company Is Best For Renters Insurance?

Output: Renters Insurance is available from a number of companies in several different States ! The Best Renters Insurance would depend on how you would define ` Best ' ! If you seek the most affordable premium , we would recommend Stillwater Insurance Group , rated A - Excellent by A.M. Best , licensed and admitted in all 50 States and offering a very affordable renters insurance policy . Stillwater Insurance offers an Home Insurance Online platform whereby the consumer can obtain a quote and purchase the insurance all directly in one transaction . It is important that the correct amount of Personal Property Coverage , Personal Liability Coverage and applicable Deductible are requested . To fairly offer an excellent insurance package , we always recommend the necessary coverage for Personal Property coupled with the highest Personal Liability together with a high deductible ; this will offer you great coverage at a low premium rate . To take advantage of the online platform , you may Click the following link : WEBSITELINK If you have any question about coverage or wish to inquire further about options , you should contact your local insurance professional and spend a few valuable moments exploring further about this valuable coverage .


Input: Which Insurance Company Is Best For Renters Insurance?

Output: The question of best insurance company misses the point that insurance companies are regulated by the insurance commissioner in your state as well as the insurance commissioner in the state where the company is domiciled . Their mission is to protect you by making sure companies keep promises . The very best company for renters insurance is the one that insures your property and pays your claim in full whether it is from a fire or a lawsuit .


Input: What Are Some Coverage Characteristics Of Disability Insurance?

Output: Some coverage characteristics of Disability Insurance that are beneficial to the insured are as follows : 1 -RRB- Guaranteed renewable or guaranteed non-cancellable ; 2 -RRB- Own occupation feature ; 3 -RRB- Coverage to age 65 ; 4 -RRB- Elimination period that fits with how long you could afford to live without your paycheck ; 5 -RRB- Residual disability feature ; 6 -RRB- Cost of Living increase ; 7 -RRB- Future benefit increases guaranteed ; and 8 -RRB- Choice of how what % of your income you want to replace .


Input: Is Whole Life Insurance A Bad Investment?

Output: The operative word here is investment . Participating whole life can be a savers vehicle but not an investment . For long term conservative savers , who desire guarantees , participating whole life insurance can provide returns generally greater than ten year Treasuries . The cash value accounts accumulate tax deferred and may be able to generate tax free income via withdrawals to basis and policy loans of gain .


Input: Is Whole Life Insurance A Bad Investment?

Output: The value of a whole life policy is not based upon the stock market . It is a legal contract in which the company assumes guarantees for the death benefit , cash accumulation and price . Declining markets do not affect those promises . A whole life policy is a stable part of a financial plan . A whole life insurance policy performs quite well when compared to other high-quality , fixed return investments . Whole Life also has significant income tax advantages , the greatest being that the full face amount can pass to your beneficiary free of income tax , and could escape estate taxes .


Input: Is Whole Life Insurance A Bad Investment?

Output: That is a great question ! Like all investments , for some the investment is the greatest thing since sliced bread , and for others that same investment is like a tack in your shoe . Life insurance is really not an investment per se , as it is n't going to make you any money ; it will pay to your beneficiary , and you will receive none of it , as you wo n't be here . Many people are led to think of life insurance as an investment in that sense , but it truly is n't . It is an investment in peace of mind , you are assured that your family will be provided for when you pass and your whole life policy pays them . But other than leaving a chunk of tax free money behind , you are n't going to see any returns from your policy . If you have large amounts of money laying around that you can pass on to your loved ones tax free and probate safe , you do n't need life insurance at all . If you do n't , then a whole life policy is a good `` investment '' in the protection of your family , and in your peace of mind . I hope that helps , please feel free to contact me with any questions that you may have , okay ? Thanks for asking !


Input: What Is The Best Health Insurance For Healthy People?

Output: The best health insurance for healthy persons is a high-deductible `` Bronze '' tier plan , or a `` catastrophic '' policy that is available to persons under 30 , or if you meet specific lower income guidelines . A high-deductible policy -LRB- also an HSA -RRB- will substantially reduce your rate , while still providing excellent major medical benefits . There are many available deductibles from most of the top-rated companies . LIVE answer provided by : Ed Harris - Premier consumer health insurance broker for 33 years and owner of several top-rated national websites .


Input: Does Massachusetts Have Temporary Disability Insurance?

Output: At the time of this writing , the state of Massachusetts does not offer temporary Disability Insurance to residents without Disability Insurance . In addition , Massachusetts state laws do not require businesses to offer temporary Disability Insurance or to enforce mandatory sick time . So if you live in the state of Massachusetts you still may receive short term and/or long term disability coverage as a job benefit . But if you do not , it might be essential to purchase a private DI policy in order to get this type of protection .


Input: How Does Disability Insurance Work For Pregnancy?

Output: Only group Short Term Disability Insurance pays time taken off for a normal pregnancy . When you start a job that offers Short Term Disability , or choose to purchase such a plan from a place where you have worked for a long time , you will want to make sure that you do not become pregnant for at least a year after obtaining the policy in order to collect the benefit . If there are complications from the pregnancy , childbirth , or recovery , private or group Long or Short Term plans will pay after the elimination period is satisfied .


Input: Can I Get Car Insurance Without A Valid Driver License?

Output: Considering the fact that you should not be driving without a valid drivers license my first response would be no . If you are dealing with a suspended or revoked license that is coming to the end of its penalty period and the state is requiring you to have insurance to get your license re-instated then you would more than likely be able to get coverage before having a valid license -LRB- technically speaking -RRB- . Contact a local agent to verify the requirements for your area and the carriers that they work with .


Input: How Are Non Qualified Fixed Annuities Taxed?

Output: Gain from non-qualified tax deferred annuities are taxed as ordinary income at the effective tax bracket rate of the annuity owner . Most annuities are purchased for future income . The longer the deferred annuity is held without constructive receipt of income , the more significant the power of deferral is on the account .


Input: Does Homeowners Insurance Cover Fire?

Output: All homeowners insurance polices cover fire . There are 3 types of coverage 's , basic , broad and special and all three will cover fire . Fire is the main reason why homeowners polices exist . In fact in the old days homeowners insurance polices were called fire policies since fire was pretty much all that was covered . Since then polices have become much more comprehensive .


Input: Who Is The Best Life Insurance Company In California?

Output: There are several blue chip companies that have strong balance sheets and high ratings that do business in California . There are also life insurance companies that have excellent product portfolios that rank among the top sales spreadsheets in the state . There are benevolent life insurance companies that specialize in impaired risk and substandard pricing . No one company dominates any of these three categories .


Input: Who Is The Best Life Insurance Company In California?

Output: What Steve said is correct . When shopping for life insurance you want to factor in the cost of the insurance and the financial stability of the insurance company . It 's important that the company outlast you , so that they can pay the death benefit when you pass . The other thing to consider is that some companies may have great rates for term life insurance and others may have great rates for permanent life insurance .


Input: Who Is The Best Life Insurance Company In California?

Output: There is not one single `` best '' life insurance company in California , but there are several that offer a combination of high financial ratings , competitive premiums and excellent customer service . When shopping for life insurance in California , it is important to work with a knowledgeable independent agent who can shop all of the A rated or better companies to find you the best policy for your unique circumstances .


Input: Who Is The Best Life Insurance Company In California?

Output: The best life insurance companies in California are those that have the top rating from all the rating agencies . But the best life insurance company for a particular person is the one that has the best prices for you . You must look at ratings , but any company rated A or better can be a good choice if it specializes in life insurance for persons with your characteristics .


Input: Does Renters Insurance Follow You When You Move?

Output: It certainly can be very easily endorsed to accommodate your move to a new home . Your Insurance Professional should be able to help you with this so long as you are moving within the same state . If you are moving out of state , then your agent 's license may inhibit them from actually providing the continual coverage , but they might be able to help you locate another licensed agent in your new state who can .


Input: Does Renters Insurance Follow You When You Move?

Output: Yes it can and often does . Be aware that the coverage during the move might not be what you expect . Check your policy . Many companies restrict recovery of personal property away from the residence . Most renters policies do extend coverage to the new residence for a specified period , usually thirty days .


Input: Does Renters Insurance Follow You When You Move?

Output: It should as long as you notify your insurer of your address change and your insurance company is licensed to write insurance in that state . The premium however may be adjusted to reflect the different exposures but the basic coverage should remain consistent with that provided at your prior address .


Input: Does Renters Insurance Follow You When You Move?

Output: It can , of course , but you do need to let your Insurance Professional know where you are going so any necesary updates can be made . The move is a great reason to review your coverage and discuss any potential changes in exposure that may affect important elements of your policy . Is there an alarm system in your new home ? Is your new home located closer to a fire hydrant and/or Fire Department Station than your previous place ? If so , your Insurance Professional will probably be able to save you some money with discounts .


Input: How Easy Is It To Switch Home Insurance?

Output: Switching carriers for homeowners coverage is typically a quick and relatively easy process . Most agents will help you with the cancellation process with your current carrier . The first step in the process is finding a local agent that you are comfortable with and policy that provides for your personal coverage needs .


Input: Who Can Cash Out A Life Insurance Policy?

Output: Only the owner of a life insurance policy can cash it out , which of course means surrender it , and terminate its coverage . This leaves you with no life insurance . A far better thing to do would be to borrow against it , which you can only do with Whole Life Insurance , never term , whish has no surrender or cash out value . If you instead borrow against it , the policy stays in force , with a diminished death benefit , but you can always repay the loan and return to the full death benefit , which will have grown , since it grows even as if the loan had not taken place , due to accumulation . To get the major part of the death benefit however you do have to repay the loan when the emergency is past . Talk to an experienced agent . Gary Lane , Registered Representative and Agent , New York Life . 949 797 2424 . Thank you .


Input: Who Can Cash Out A Life Insurance Policy?

Output: Like the other two gentleman posted , the owner and owner only . He / she is who the contract with the company is with . The best thing to do is not to cash out , but to let it accrue . It can really add up over time and can even supplement retirement income if done correctly .


Input: Who Can Cash Out A Life Insurance Policy?

Output: If by cashing out you mean surrendering the policy -LRB- a permanent policy which has cash value -RRB- , the owner of the life Insurance policy has the only authority to do so . If the policy is lapsed by not paying any premium , then there really is nothing to surrender . A word of warning ... if you do cash out or surrender the policy be aware this may cause a taxable event .


Input: What Happens When Whole Life Insurance Is Paid Up?

Output: If a life insurance policy is truly `` paid up '' it simply means no further premiums are due and it is guaranteed to be that way . Some people use the term `` paid up '' incorrectly to describe premium `` offsets '' using dividend values to pay required premiums . Such arrangements are not paid up and not guaranteed . More on this in the last paragraph . Some whole life policies are designed to be paid up at a relatively early duration e.g. Policy Year 20 , Age 65 , etc. . The premiums for these policies are relatively high as a result . In comparison , in most cases , whole life policies are designed to have required premiums to age 95 or 100 or later . Such policies have relatively low premiums and are not paid up until age 95 or 100 . A policy can also be `` paid up '' at a lesser value than the death benefit . Whole life policies feature a `` reduced paid up '' non forfeiture provision . In the event the policy owner wishes to stop paying annual required premiums , the policy owner can ask the insurer to reduce the death benefit amount for the policy so that no further premiums would need to be paid . It is important to note that policies which use policy dividends and/or the cash value of Paid Up Additions to offset the required premiums due at some future point are not `` paid up '' . In a low interest environment like we have now , dividends are being reduced from what was illustrated . Many clients who expected to stop paying premiums and instead pay them via the dividend values in their policy can not do so yet since the dividend values are not sufficient to offset premiums .


Input: What Happens When Whole Life Insurance Is Paid Up?

Output: When a whole life insurance policy is paid-up , the requirement to make premium payment stops . The death benefit will be paid to those who you love when your death occurs . You still have a great many rights over the policy and can still surrender it for cash . Contact your agent if you have concerns about your paid-up policy .


Input: What Happens When Whole Life Insurance Is Paid Up?

Output: Some participating whole life companies sell 10 pay , 20 pay and pay to age 65 paid up policies . Participating whole life policies may generate enough paid dividends to pay premiums for the life of the insured . To determine whether your existing whole life policy has adequate cash values to be paid up , order an in force ledger based on paid dividends only .


Input: Is A Shed Covered By Homeowners Insurance?

Output: Under most homeonwers insurance policies there would be some limited coverage for other structures on the property -LRB- i.e. sheds -RRB- possibly less the policy deductible . Please remember every policy is different . Read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you .


Input: What Is Credit Life Insurance Used For?

Output: Credit life insurance is used to guarantee payment of a debt . It was very common at one point in time for a lender to sell credit life insurance to their customers . The way it worked was for the death benefit to start at the entire amount of the loan and decrease as the amount owed decreased . If the customer died , the finance company collected the amount due from the insurance company and the debt was paid off . While , on the surface , this seemed like a good idea , in practice , it was n't quite so good a deal . If you applied for term life insurance at the level amount of your loan , you could actually buy a lot more life insurance for the same price , and it never decreased . So , if you died , your beneficiary had the control over the death benefit and it was larger . This dirty little secret got out and , today , credit life is all but extinct . That does n't necessarily mean it 's a bad thing , it was just abused and used as a profit center for car dealers and banks . If you really want to protect a debt , talk to a good agent and find the right coverage for your needs .


Input: What Is Credit Life Insurance Used For?

Output: What is credit life used for ? Well mainly credit life is used to help secure a debt repayment in the borrower dies before the debt is repaid . Credit life usually pays the financial institution to cover any remaining debt the insured may have with them . Credit life is pretty expensive per dollar of coverage provided , but most credit life plans accept anyone based on the amount of money borrowed . Credit life is great for those whose health would make the direct purchase of life insurance impossible .


Input: How Much Is Basic Renters Insurance?

Output: The premium for a renters policy has two basic elements . The first is the property to be covered -LRB- amount , and location . -RRB- The second is liability . The liability section could be the most critical as it protects you from the greatest threat , lawsuit . Inventory your personal property and insure for the cost of replacing that . Determine how much liability insurance you need . Your agent should be a great help here . You will probably be pleasantly surprised by the cost of the policy .


Input: Does Renters Insurance Cover Camera Equipment?

Output: That is a great question ! If the camera equipment was damaged or stolen from your apartment , it should be covered . Was it specialized equipment ? If so , you hopefully had kept model and serial numbers , and had it mentioned under your coverage . Contact your agent to be certain , but you should be fine . Thanks for asking !


Input: Does Renters Insurance Cover Camera Equipment?

Output: Yes , they usually do , but talk to your Insurance Professional because many companies will only cover unscheduled camera equipment up to a certain limit and subject to your policy deductible . In order to be sure that you have the proper amount of coverage that you need for items like this , it is best to consider insuring it `` specifically '' on either a rider to your Renters Policy or as a stand-alone contract . This way , your coverage will be based upon the retail value or appraised value of your equipment , which would also be identified by make and model which would make replacement much easier if you suffered a covered loss . Also , in most cases , this coverage is offered with out a deductible as an option meaning that you have in effect dollar 1 protection .


Input: Does Homeowners Insurance Cover Structural Problems?

Output: The homeowners policy is a legal contract . The purpose of the contract is to protect you if you experience a peril . Perils include fire , windstorm , hail , sleet etc. . Defects in construction are not an anticipated peril . If you have a sudden defect report it to your insurance company . They adjust claims . That means they take the contract and determine if coverage applies . Although I would find it difficult there might be coverage under some circumstances .


Input: Can 15 Minutes Really Save You 15% On Your Car Insurance?

Output: The answer is yes , but in most cases the veriance will not be that great . Choose a company based on your needs and your repore with the local agent . The local agent is the front and rear line when it comes to interactions with claims , customer service , and billing . Checking your rates never hurts but just remember sometimes you get what you pay for .


Input: Can You Put Life Insurance On Anyone?

Output: No , in order to purchase life insurance on someone 's life you must have an insurable interest . This means that you must be able to demonstrate that there death would cause a financial loss to you . Further , when it comes to an employer 's purchasing life insurance on an employee , additional requirements have been implemented forcing employers not only to prove that they would incur a loss , but that the employee is also aware of the purchase and consents to it .


Input: Can You Put Life Insurance On Anyone?

Output: Life insurance is a mortality product designed to protect the beneficiaries from economic harm based on the death of the policy insured . There must be an established financial interest between the policy beneficiaries and the policy insured or the contract will not be issued . The policy insured must sign the life insurance application to agree to coverage on their life . The amount of coverage must also be justified through financial supported data .


Input: Can You Put Life Insurance On Anyone?

Output: No , people can not put life insurance on anyone . Life insurance can not be used to profit from another 's death . So there must a financial relationship between the Owner/Beneficiary of the policy and the Insured , in which the death of the Insured would cause financial loss to the Owner/Beneficiary . E.g. . A mother could take out a policy on her wayward adult son who owes her money , but that son coulld not take out a policy on his mother to get even more money out of her .


Input: About How Much Does Life Insurance Cost?

Output: The insurance company hires actuaries that determine the likelihood that someone your age will die in the coming year , and then in subsequent years until the termination of the policy . That figure , plus expenses makes up the premium for a standard risk . The underwriter at the insurance company reviews your medical history and doctors reports to determine if you are in the standard category . You could be a preferred risk or a substandard risk . Premiums are adjusted from the standard risk premium to reflect these variations .


Input: About How Much Does Life Insurance Cost?

Output: Life insurance is priced based upon your medical records , behavioral activity , financial justification and whether youre covering temporary or permanent financial liabilities , future obligations and have any charitable intent . Medical information is critical to securing the best possible underwriting offer . Your premium price tag depends on your gender , age , smoking status , health history , current medical condition and paramed exam results . Your premium price tag is also dependent on your behaviors like : motor vehicle violations , dangerous recreational activities and vocational hazards . Your premium price tag will be determined by totaling your financial liabilities , future obligations and charitable intent , so you can justify the amount of coverage youre applying for , whether that coverage is temporary or permanent .


Input: About How Much Does Life Insurance Cost?

Output: The premium cost of life insurance depends on many factors including gender , age , insurability , amount , etc. . Term insurance can be a very affordable starting point . For example , a very healthy male age 40 needing term life insurance for 10 years could expect to pay as little as $ 1 per day for $ 500,000 coverage at preferred classification rates with many life insurers . Talk with a life insurance professional who can help you assess your needs and find a solution that can fit into your budget .


Input: Why Is Life Insurance So Important?

Output: Life insurance is important for many reasons . When a family loses a member itis devistating.How will will you pay for the furneral ? How will willpay the bills from the income lost?Life insurance can also be a legacy fund - providing a way for you to be remembered.Life insuracehelps to lessen the financial burden for the surviving familly members . There are many , many more reason . Contact your local agent today to get yourself a policy to help protect your family 's future .


Input: Who Is The Best Car Insurance Co?

Output: The best car insurance company is the carrier that provides you the lowest rates , but is still able to give you the liability limits and physical coverage that meets your needs . So ... How do you find the best company for your needs ? An experienced broker -LRB- and our websites -RRB- will save you time , money and yes ... frustration . There are many solid companies that offer a combination of great rates and good coverage . Comparing the most important aspects of the policy , and determining how it impacts you are where a professional will help you the most .


Input: Who Is The Best Car Insurance Co?

Output: The best auto insurance policy is the one that delivers everything promised when you have a claim . Regardless of the premium paid , the claim is where you will find the value in an auto policy . This is why selecting an agent is critical in the process . The agent will listen to you , provide sound financial advice and communicate clearly with you and the insurance company . You are much more likely to be satisfied when you have a claim .


Input: How Does One Get Medicare Part D?

Output: Every person with Medicare will be eligible for drug coverage under a Medicare prescription drug plan , Part D . They are offered by insurance companies , approved by Medicare , in every part of the country . The plans cover both brand name drugs and generic drugs . You can enroll on the Medicare Plan Finder on Medicare.gov or you can call 1-800-MEDICARE -LRB- 1-800-633-4227 -RRB- . You will need your Medicare number on your Part A and/or Part B care and the date . You will find the number and date right on your Medicare card .


Input: How Does One Get Medicare Part D?

Output: You can get Medicare Part D prescription drug coverage when you have Medicare Part A and/or Part B . You can purchase the plan through a broker licensed to sell Part D plans or sign up directly through the Medicare.gov website . If you do not enroll in a Part D plan when you 're first eligible , you would have to wait until the annual enrollment period -LRB- Oct 15-Dec 7 of each year -RRB- to get a plan - the effective date for the coverage would be January 1 of the following year . Another way to get a Part D plan outside of the AEP is qualifying for a special enrollment period -LRB- e.g. coming off of group coverage -RRB- . For a full list of qualifying events and other Part D input , consult with an experienced broker -LRB- licensed for Part D coverage -RRB- or go to the Medicare.gov website . Please let me know if I can be of further assistance . Thanks very much .


Input: Which Retirement Plan Is Right For Me?

Output: The best retirement plan for you is one that provides guaranteed or near-guaranteed income for life . Determining how to invest and what products and instruments to use is best determined by an experienced financial planner . Do not consider using a part-time worker , a media-related person or someone not licensed . It 's important that you develop and maintain a set of goals that you can closely monitor . These goals should take into account tax consequences , the amount of risk you would like to take , the safety of your portfolio and the impact of current events on your assets . As mentioned , sound advice can come from an experienced financial planner -LRB- Certified would be nice -RRB- and we 'll be happy to recommend a few in your area . TV or radio personalities , non-licensed agents and inexperienced brokers should not be advising you . There are many variable and fixed products that can be considered .


Input: Which Retirement Plan Is Right For Me?

Output: Every saver and investor needs to establish a personal financial profile to determine risk tolerance , effective tax bracket and economic goals . When considering retirement plans the first decision is whether to use a qualified or non-qualified plan -LRB- or sometimes a combination of both . -RRB- If your employer sponsors a defined benefit plan like a 401 -LRB- k -RRB- with a partial or full employer matching contribution , you should consider itespecially if youre in a high tax bracket . There are rules to these types of plans , so incorporate those items in your decision making process as well . You may want to consider non-qualified plans that use annuities or life insurance if youre in a lower tax bracket and you want more flexibility .


Input: What Is The Best Medicare Insurance Company?

Output: The best Medicare supplement plan -LRB- Medigap -RRB- plan is the one that fits your own needs and budget . All Medicare supplement insurance plans with the same letter are identical in every way except price and there truly is no `` best '' company ... in spite of what some may tell you . Medigap plan F is the most popular , mostly because it is oversold . Far too many agents promote the plan because it is easy to explain . It is also the most expensive plan . I recently spoke with a couple that had a Medicare supplement plan F from a very well known carrier . The wife was quite adamant that she had shopped around and `` company M '' had the best rate . I did not want to argue , but I offered that , over the last 4 years I had sold maybe 3 policies with that carrier and it was only because the client insisted on buying from them . Then we compared rates on my most popular plan and discovered they could save over $ 1700 per year by switching plans . There is no single `` best '' plan or `` best '' carrier , but likewise there is no reason to pay more than you have to . #GeorgiaMedicarePlans


Input: How Much To Budget For Life Insurance?

Output: The amount you want to budget for life insurance will depend on the importance it is to your survivors -LRB- would it be their sole source of income or just a token of your affection -RRB- , how much income you make -LRB- the higher your income , the more life insurance it would take to replace your earnings in the event of your death -RRB- , and the impact your life insurance expenditure would make on your quality of life -LRB- if it means giving up groceries , it is not worth it -RRB- . Looking at your full financial picture is helpful in budgeting for life insurance . You may want to talk about Annuities , IUL , Disability Insurance , and LTC considerations with your financial representative at the same time , or else you will be spending money here and there and may end up going over your budget by not coordinating these purchases . A one stop shop such as ours or others on the internet can be a good resource .


Input: What Are Fixed Annuities?

Output: A fixed annuity is an insurance contract . The insurance company makes fixed dollar payments , normally monthly , to the annuitant for the term of the contract , usually until the annuitant dies . The insurance company guarantees both earnings and principal . This type of contract can be funded with periodic payments prior to annuitization or a single deposit .


Input: What Are Fixed Annuities?

Output: Fixed annuities are a type of annuity that has a defined , guaranteed payment structure . The annuitant agrees to pay the insurance company a single payment , or a series of payments , and the insurance company agrees to pay you a fixed amount -LRB- income -RRB- , starting immediately -LRB- an immediate annuity -RRB- or at a later date -LRB- a deferred annuity -RRB- , for a specified time period -LRB- this could be for 10 years , 15 , years , 20 years , for life , etc. -RRB- . The monies put into an annuity grow on a tax-deferred basis , which is a huge advantage for your retirement planning . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much .


Input: What Are Fixed Annuities?

Output: A Fixed Annuity is a general term for an Annuity with a fixed interest rate , as opposed to a variable rate dependent on the stock market . The most typically referred to annuity when someone says `` fixed annuity '' , is a Fixed Deferred Annuity . This gives a compounding interest rate for a specific period of time . Most Fixed Deferred Annuities are able to be annuitized after the first or second year . Annuitizing a Fixed Deferred Annuity means to set up a yearly stream of income based on your life expectancy . Another type of Fixed Annuity is a Fixed Immediate Annuity . Instead of the ability to defer Annuitization , the contract immediately starts to pay a lifetime income stream . There are also Fixed Period Certain Annuities which pay an income stream for a specific number of years . And Fixed indexed Annuities , which guarantee a minimum interest rate , while crediting a limited interest rate based on the gains of a market index .


Input: Is Health Insurance The Same As Medical Insurance?

Output: Yes . Medical insurance is simply another name for health insurance - commonly seen in articles , referenced in discussions , and other times these names are mentioned . I hope the input is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much .


Input: What Car Insurance Limits Should I Have?

Output: You should choose a liability limit that is more than your net worth plus two years salary . While this may not always be appropriate it recognizes that protecting your assets is very important . Choosing the highest limits available for liability coverage always make good sense . Recently a motorist struck a pedestrian and the settlement was in excess of $ 750,000 . That is beyond the limits of most auto policies . You should consider an umbrella to extend those limits even higher . You could save a few dollars by electing the highest deductible for comprehensive and collision coverage . You should elect uninsured/underinsured motorist coverage that is equal to the limit for liability on the policy . You should select the maximum amount of medical payment coverage and accidental death and dismemberment coverage . Purchasing roadside assistance coverage and rental car reimbursement is also important .


Input: Can You Transfer Insurance From One Car To Another?

Output: Auto insurance is a unique product to the vehicle -LRB- s -RRB- and person -LRB- s -RRB- it is covering . So transferring insurance coverage from one vehicle to another is not possible . What happens is the coverage for the current vehicle is cancelled and the coverage for the new vehicle is added . Contact your local agent to discuss coverage availability and pricing for your location .


Input: Can You Claim Glasses On Medicare?

Output: No , glasses are not covered by Medicare except for one pair provided after cataract surgery . Eye exams -LRB- refraction exams -RRB- and the eyeglasses that are prescribed to correct and improve sight are unfortunately not covered for eyesight lost due to normal aging , or even eyesight lost impaired prior to cataract surgery .


Input: Why Is Permanent Life Insurance Good?

Output: Permanent life insurance is good for those who need their life insurance to last until the end of their lives . This can be because they want the money to be there to settle their estate , pay their funeral , or provide a source of cash from which to borrow . No one can predict the time of their death with certainty , so Term insurance can not be counted on to be in effect at death .


Input: Why Is Permanent Life Insurance Good?

Output: Permanent life insurance is an appropriate defensive planning product for people who have ongoing indebtedness like a home mortgage , future obligations like a child 's education and charitable intent towards a non profit organization . Permanent cash value life insurance can also be a supplemental tax advantaged retirement income source in your golden years .


Input: Does Long Term Care Insurance Pay For In Home Care?

Output: It depends on the policy . Many will pay for in home care and a few may even pay family members . If you already own a long term care policy then you need to review it with your agent to determine what your policy covers . If you do not and are considering purchasing long term care insurance then make sure it has a home health care provision . Sit down with a good agent familiar with Care Resource Planning to find the best option for you .


Input: When Are Life Insurance Death Benefits Taxable?

Output: Typically , life insurance proceeds are not taxable . They pass on to the beneficiary tax-free and can be deposited into a pre-approved or pre-discussed account . Based on my 32 years of experience handling too many claims , the period of time is about 10-30 days for the check to arrive . In some circumstances , there could be estate taxes . Also , depending on the type of policy and how premiums were paid , there could be a taxable event . A full-time broker or financial planner is your best resource .


Input: When Are Life Insurance Death Benefits Taxable?

Output: In general domestic terms no . But life insurance includable in an estate can inflate the asset size beyond the unified credit and could be exposed to estate taxation . There are also business scenarios where the death benefit can be an ordinary income event and in rare cases trigger the alternative minimum tax .


Input: When Are Life Insurance Death Benefits Taxable?

Output: When are life insurance benefits taxable ? In any situation where a tax deduction is taken for the premiums paid towards a life policy . Also life insurance benefits can create an indirect taxable situation if the death benefit combined with other assets triggers an estate tax bill . While the benefit itself is n't taxable , the bump upward in the overall personal assets could trigger taxes due for the estate .


Input: Do I Need To Enroll In Medicare Each Year?

Output: No , you do not need to enroll in Medicare each year . Once you are covered by Medicare you will be covered by it continually . If you have switched over to Medicare Advantage -LRB- Medicare Part C -RRB- you do need to review your plan options every year between October 15th and December 7th . Those plans do change and can end .


Input: What Is Medicare Special Enrollment Period?

Output: A special enrollment period for original Medicare -LRB- Part A & Part B -RRB- is a qualification to enroll in Medicare immediately without having to wait for the general enrollment period -LRB- January 1-March 31 of each year -RRB- if you did not sign up for Medicare when you were first eligible -LRB- turning age 65 -RRB- - enrolling during a special enrollment period would also allow you to avoid being subject to any late enrollment penalties . With regards to special enrollment periods for Part C -LRB- Medicare Advantage -RRB- and Part D -LRB- stand-alone prescription drug plans -RRB- , it 's a qualification to make changes to your program outside of the annual enrollment period -LRB- October 15-December 7 of each year -RRB- - Medicare supplement plans -LRB- a.k.a. Medigap plans -RRB- can be changed at any time during the year . There are a number of ways someone may qualify for a special enrollment period , the most common one I see being a person leaving their employer 's group health insurance plan . I hope the information is helpful - please feel free to contact me for assistance with your program and if you have any other questions . Thanks very much .


Input: When Do You Need Term Life Insurance?

Output: Term life insurance is generally purchased to protect temporary economic liabilities . Term life insurance should be purchased at the first life event , where others would suffer economic loss because of your death . The life event could be protecting your spouse from mortgage payments which are predicated on your earning ability . Perhaps a young entrepreneurs starting up a business with partners where the business needs to secure a bank loan and the banking institution needs to protect the lives of the business owners . If someone will suffer economic loss because of your death , its time to purchase term life insurance .


Input: When Do You Need Term Life Insurance?

Output: When do you need term life insurance ? Probably the best use of term life insurance is when your `` need '' has a known begining and an end and are short term innature . That was what term insurance was designed for . As a longterm solution for needs , term is not as good a choice .


Input: Does Medicare Cover In Home Care For The Elderly?

Output: Original Medicare -LRB- Parts A & B -RRB- cover some part-time home health services such as physical therapy , skilled nursing care , speech-language pathology servcies , etc. . Medicare does not pay for 24 hour home health care however , nor meals delivered to your home , personal care , and homemaker services . Please note , there are a number of conditions that must be met for Medicare to cover your home health care . If you need more than part-time/intermittent home care , Medicare will not cover the expenses . Home health care is very expensive and you can deplete your savings paying for it . For someone wanting 24-hour home health care to be covered by their insurance , they should look into securing a long-term care insurance policy . While long-term care can be an expensive type of insurance to have , you 're paying pennies on the dollar if you needed to make a claim on the coverage . There 's many moving parts to long-term care insurance . If you 're looking to secure this type of coverage , it 's most helpful to consult with an experienced broker to help build a policy that will best serve your needs . Please let me know if I can be of further assistance . Thanks very much .


Input: Does Medicare Cover In Home Care For The Elderly?

Output: That is a great question ! The answer is a little complicated . If your in home need is for help with cleaning , cooking , eating or dressing , the answer is no.Medicare will not cover long term home care , either . If it 's for skilled rehabbing , therapy , or medical equipment needed and prescribed by a doctor to recover from an illness , , then the answer is yes . Under part A and part B there is coverage . There may be some coverage under your part C , but you will want to contact your plan provider to determine which part will cover what , and how much they are going to pay . There are several conditions that must be met to qualify for coverage , so be sure to discuss this with your doctor and your provider . If you need more help , I 'll happily make time for you , just contact me . Thank you for asking !


Input: How Can I Find Out If Someone Has Car Insurance?

Output: Unless you are an employer or contractor with a need to know , or there may be other situations like a school or non-profit when allowing aparentto drive children for example with requirements to show proof of insurance there is no way for any individual to just find out if someone else isinsured . This ispropitiatoryinformation . So unless you have a situation where there is a need to know , you are not going to know .


Input: Does Health Insurance Cover Jaw Surgery?

Output: That would depend on which health policy you have , and what kind of jaw surgery you need . Many health insurance policies contain an exclusion that does not provide coverage for TMJ , however , if you need any other type of jaw surgery that is deemed to be medically necessary by your physician , most all health insurance policies would provide coverage .


Input: How Much Short Term Disability Insurance Do I Need?

Output: How much short term disability do you need ? Well , it 's going to depend on what you have on hand that is liquid and if you want to liquidate those assets . People buy insurance because they either do n't have the reserves or do n't want to sell reserves to meet an unexpected illness or injury . How much you need depends on how you would handle the situation ? All insurance , no insurance , a little of both ? The answer is your situation .