IN Bethel Park Winter 2018 | Page 25

Don’t
E Drive Distracted!
veryone understands the risk of driving a vehicle or the
possibility of a disaster destroying their home; you prepare
for it by purchasing insurance. However, the need for
long-term care is much more likely to befall someone than
an auto accident or loss of a home. Few people prepare for this
possibility until it is too late.
money that you put into that policy is gone. You either use it or you
lose it, and there is no death benefit either. It is important when
shopping for long-term care insurance to watch every detail since
every policy is different. The pros and cons listed above are very
common.
Another option would be to use a cash value life insurance policy
that
has a long-term care rider. The advantage to this policy is that,
What is long-term care?
unlike
the long-term care policy, this option gives you both a life
Long-term care is not the same as medical care, as it includes
insurance
death benefit and the option to be able to use that death
assistance with daily living activities such as bathing, dressing, eating,
benefit
toward
long-term care if the need arises. For example, if the
help with moving around the house, and even household chores
policy
has
a
face
value of $250,000 and the policyholder would need
including grocery shopping. The cost of assistance with these daily -MOBILE DEVICES
AND CELL PHONES
to
go
into
long-term
care with annual costs of $50,000, that policy
living activities is something that is not normally provided under
-PERSONAL
GROOMING
would provide five years of coverage before it was used up. If the
regular medical coverage. Types of long-term care can range from
person WHILE
never needs
long-term
care and passes away, the $250,000
-EATING
ON
THE RUN
care provided in one’s home or adult day care, to care in an assisted
goes
to
his/her
beneficiary.
However,
every policy is different and
living or nursing home facility. True to its name, long-term care
-GETTING
IN A that
HURRY
AND
RUSHING
it
is
important
you
read
the
fine
print
to see what is defined as
concerns those individuals who, due to illness or injury, cannot take
a
long-term
care
event
in
the
policy
to
trigger
the benefit—not all
care of themselves for an extended period of time, which is defined
policies
are
created
equal.
by not being able to perform at least two daily living activities
Before you buy any long-term care product of any kind it is
without help. The cost of this constant and involved care comes with
extremely
important that you shop around and study each product
a hefty price tag, averaging $40,000 to over $100,000 a year. This
in
detail
to
know exactly what is covered and how. Looking around
Everyone
agrees
texting
while
driving
is
dangerous,
but
many
drivers
will
still
kind of unexpected cost can wipe out an individual’s life savings in a
take the
risk.
In
today’s
fast
paced
world
of
constant
availability,
it’s
easy
to
will
also
give
you an idea on pricing, as that can vary dramatically.
short period of time. This is why planning for such an event as early as
succumb to the temptation topeek at the latest email, text message
You
need
to
make
sure you
are was
getting
value
money, not
This INdustry
INsight
provided
by The for
Bill your
Flinn Agency.
possible is so important.
or facebook update that pops up.
just a low price, as a low-price policy could still have a sharp increase
For the last 40 years The Bill Flinn Agency has been
Doesn’t Medicare cover long-term care?
unexpectedly. That’s serving
why it the is Bethel
helpful
an independent
Park to
and deal
South with
Hills communities.
Unfortunately
no, Medicare
cover any
of the time
assistance
Since opening
our to
doors
in 1972
our mission
has
Studies have
found distractions
can will
slow not
a drivers
reaction
to the
agent, broker or financial
planner
help
guide
you through
the
been to treat our customers by the golden rule. Learn
with daily
activities
that the
comprise
long-term
care, A
since
it is car
not a
same extent
as driving
under
influence
of alcohol.
deadly
details of what is available,
because,
above
all,
you
need
to
find
the
more about us at www.billflinnagency.com, or stop
medical
expense.
It may
cover costs
for a skilled
nursing
accident
that claimed
the
life of help
a woman
in Florida
was caused
by facility
a 17 year product that best suits
by our
office
on South Park
Road in and
the heart
of Bethel.
your
individual
needs
situation.
after who
a recent
hospital
a brief period
of time
before
old driver
had sent
127 stay,
texts but
that only
day, for
including
one time
stamped
two minutes
before
paramedics
were called Medicaid,
to the scene.
Any
type
of
the costs
become
your responsibility.
on the
other
hand,
distraction
while both
driving
serious and
and non-medical
dangerous, care
consider
will cover
the is
medical
for a these
long-term
tips next
time you
take person
the wheel.
disability
if that
has less than $2,000 in assets, a near non-
existent income, and meets other eligibility guidelines to qualify. New
Use your
phones regulations
“do not disturb”
mode
or turn
it off
Lookback
prevent
moving
assets
to completely.
attempt to qualify.
Keeping
your phone
out
sight for
and the
out
of mind
removes any temptation,
Medicaid
is only
an of
option
truly
impoverished.
and allows you to keep your full attention on the road.
Methods of planning for a long-term care event
If an
the hear
poverty
level,
Medicaid
may down
be an to
option,
Let calls go
to individual
voicemail. is If at you
it ring
don’t
even look
and
the
very
wealthy
can
easily
pay
out
of
pocket,
but
for
the
many
see who
it is, that split
second you AND
take your
eyes off
the road can be
more
-MOBILE
DEVICES
CELL
PHONES
individuals
who
lie
in
between
those
extremes,
planning
is
a
bit
more
than enough time to get into an accident.
-PERSONAL
GROOMING
involved;
however there
are a couple of ways to do so.
SM
The most need
traditional
route
is THE
to
buy
long-term
care
insurance
-EATING
WHILE
ON
RUN
If you absolutely
to make
a call
pull
off
to the side
of the
road. but
has its advantages
disadvantages.
The greatest
advantage
A truly it -GETTING
important
call will
your full
attention,
and getting
off the road
IN demand
A and HURRY
AND
RUSHING
is that
when an
individual is deemed
in need
of long-term care
respects
the safety
of yourselfand
those around
you.
Let’s talk life insurance.
the full benefit is available right away. The downsides, however,
Guaranteed death benefit can extend to age 121. Guaranteed death benefit will expire if no premiums
are paid following initial premium, subsequent premiums are insufficient or account value is reduced by
are that an individual
has WHILE
to be healthy
enough
to qualify Banned
for the text
withdrawal or loan. Contact your local ERIE Agent or see the policy for details.
Most importantly
NEVER TEXT
DRIVING.
Pennsylvania
coverage,
the premiums
can
very So
high
been and
messaging
while and
operating
a vehicle
In be
2012.
not and
only have
is texting
Bill Flinn Agency Inc
to increase
dramatically.
It is also its
important
to be as
aware
driving known
as dangerous
as drinking
and driving,
just as illegal
well.
2754 S Park Rd
drivers will that
still benefit periods can be limited and if the policy is not used, any
Bethel Park, PA 15102-3858
, it’s So,
easy
to safe. When on the road, give your full attention to the task at hand.
stay
www.billflinnagency.com
sage
Don’t give in to the world’s This
demand
you
We at the
INdustry that
INsight
was always
provided stay
by The available.
Bill Flinn Agency.
412-833-5351
Bill Flinn Agency work hard to make sure you have the coverage you need, but
For the last 40 years The Bill Flinn Agency has been
want to remind you to be careful serving
out there
and Park
stow
the phone
so you can
ERIE life insurance products and services are provided by Erie
the Bethel
and South
Hills communities.
Family Life Insurance Company. Information regarding additional
terms, conditions, exclusions, licensure and territory information
Since and
opening
our doors
in 1972
our mission
has
e to avoid
the the needless accidents, injury
deaths
that
driving
distractions
is available at erieinsurance.com/life. Eligibility for insurance
coverage will be determined at the time of application, based upon
been to treat our customers by the golden rule. Learn
y car can cause.
applicable underwriting guidelines and rules in effect at that time.
more about us at www.billflinnagency.com, or stop
S1603 5/14 © 2014 Erie Indemnity Company
by a 17 year
by our office on South Park Road in the heart of Bethel.
stamped
type of
BETHEL PARK ❘ WINTER 2018 23
se
AVOID THESE
TOP 4 DRIVING DISTRACTIONS
e Distracted!
AVOID THESE
TOP 4 DRIVING DISTRACTIONS
There are
no guarantees
in life.
Lifelong peace of mind can
be yours with ERIEflex4.
®