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Conventional long term care insurance is too expensive now.

Thursday, June 14th, 2018

Fortunately, many of our life insurance markets have rolled out unconventional products that provide affordable long term care insurance solutions. One such solution available through Beck Insurance is Lincoln Financial Groups “Money Guard II”.

Planning ahead with Lincoln MoneyGuard® II gives you flexible options beginning at age 40. This universal life insurance with an optional long-term care benefit rider gives you a choice of premium payment options of one through 25* years.

Unlike traditional long-term care insurance, your policy costs are set at issue and will never increase provided your premiums are paid as planned and no loans or withdrawals are taken. Your policy provides benefits, even if you never need care, provided all total planned premiums are paid.

You’ve got benefits:

Benefits if you need care

You get more for your money because your policy provides income tax-free reimbursements for qualified long-term care expenses worth more than your premium payments.1 Once eligible, there’s no deductible or waiting period, which could make a real difference in your total out-of-pocket costs for qualified long-term care expenses.

Return of premium Options

You have options. You may choose to maximize your long-term care benefits. A return of 80% of your paid premiums is available once all total planned premiums are paid.3

Or you can maximize your return of premium — 100% return of premium is available after year five, subject to the vesting schedule below, provided all premiums are paid as planned; additional cost applies.3

Vesting schedule
Year 1: 80%
Year 2: 84%
Year 3: 88%
Year 4: 92%
Year 5: 96%
Year 6+: 100%

Stay in control with added advantages

Take the next step toward your future with Lincoln MoneyGuard® II.
1. Add inflation protection options4 to help keep pace with rising long-term care costs.
2. Feel confident if you live abroad because your policy includes international benefits.
3. Help protect your savings and your legacy.

Call Beck Insurance today at 419-446-2777, or click here for more information on alternative, affordable Long Term Care solutions.

Client BrochureClient Guide

7 Tips to Help Keep Your Teen Driver Safe

Friday, May 25th, 2018

Getting a driver’s license is an exciting time for teens, but it can be stressful for parents. Drivers who are 16 have higher crash rates than drivers of any other age, and 20% of teens have an accident in their first year of driving.

Like other drivers, teens have some good and bad habits. The good—they are twice as likely to wear seat belts as their parents. The bad—56% of teens use their phones while driving.

Helping create good driving habits involves talking to your teen and being a good example yourself. Some areas to discuss include:

•Phone usage. Avoid talking on the phone. If necessary, use a hands-free device. Absolutely NO texting, social media, or other Internet usage.

•Seat belts. Always wear them and insist your passengers do too.

•Speeding. Obey the speed limit—going over the limit doesn’t add up to getting there much faster.

•Passenger distractions. The more people in the car, the more likely you are to be distracted.

•Plan your playlist. Turn on your playlist before you start driving, and don’t keep changing the song. If you’re listening to the radio, avoid changing the channel. At highway speeds, your car will travel more than the length of a football field in the time it takes to look down at a radio for just a few seconds.

•Yellow means caution. Don’t speed up to chase a yellow light. Likewise, be careful when the light turns green and watch for drivers who may be running a red.

•Say something. If you’re a passenger and feel unsafe, speak up!

When both parents and children pledge to drive safely and hold each other accountable, it is most effective. Agree on rules they—and you—will follow behind the wheel.

Credit to Acuity Insurance!

Toledo Lead Ordinance Deadline Looms

Wednesday, May 23rd, 2018

Reminder to all landlords and property investors with owned rentals in Toledo.  The city’s deadline for compliance is fast approaching. (depending on the zone)

I personally own one rental property in Toledo and just found this out by accident.  While reaching out to several of our clients who own similar properties in Toledo I’ve found I wasn’t the only one unaware.  (which is why we are boost posting this all over)

The fines are steep for not being in compliance, so I urge all owners of rental houses in the city of Toledo to visit the Lucas County Health Departments webpage for information. The link is here. You can also search your address to find out what zone your property is in, and what your deadline is.

Joseph D. Beck, CIC, VP

Beck Insurance Agency, Inc.

joe@beckinsurance.com / 877-446-BECK (2325)

Kylie Schultz moves from customer service to sales and consulting role.

Thursday, May 10th, 2018

Beck Insurance Agency is pleased to announce that Kylie Schultz has moved into a sales and consulting role. Since 2016, Kylie has focused primarily on customer service while learning the industry, products, carriers, and processes.

Kylie’s role going forward will be in personal lines, focusing on Home and Auto Insurance as well as other lines that tend to go along with that.  (boat, RV, motorcycles…..)

Kylie’s objective is to identify and solve your coverage issues by providing solutions and other options available to you, at the fairest rate possible.

She can be reached at kylie@beckinsurance.com / 419-446-2777 / 877-446-2325 (BECK) / Or here via the web

 

 

How to Request an Upgrade to Your DOT Rating

Monday, May 7th, 2018

Though your team does a good job managing your operations and you’re proud of your safety performance, you still ended up with a Conditional or Unsatisfactory rating. In other words, the FMCSA auditor has determined that your company failed to have “adequate safety management controls in place to ensure compliance with the safety fitness standard.”

We all understand why a Satisfactory safety rating is important to motor carriers. Negative ratings can bring many repercussions—your fleet is scrutinized on roadways, customers may have concerns about you hauling their goods, there can be a reluctance to pass on available rate increases offered to better-rated carriers, you may get questions from your insurance company’s underwriters and loss control people, and it can be difficult to attract quality drivers. The best drivers tend to align themselves with well-managed carriers who are not being scrutinized by enforcement officers.

One of the interesting things I notice when visiting motor carriers—especially with smaller, well-managed trucking companies that have been in business for many years and have not had large safety issues—is that they can be unaware of how FMCSA’s Compliance, Safety, Accountability (CSA) program works and how it can drastically affect their company. CSA’s Safety Management System (SMS) uses a motor carrier’s data from roadside inspections, crash reports, and investigations to calculate performance in the 7 Behavioral Analysis Safety Improvement Categories (BASICs): unsafe driving, hours-of-service compliance, driver fitness, controlled substances and alcohol, vehicle maintenance, hazardous materials compliance, and crash indicator. Based on BASIC CSA scores, FMCSA determines what interventions are taken against a carrier.

Following a compliance review, one of three safety ratings is issued—Satisfactory, Conditional, or Unsatisfactory—based on the following categories:

1.Documented, adequate safety management controls.
2.Frequency and severity of regulatory violations received by motor carrier.
3.Frequency and severity of driver and vehicle regulatory violations.
4.Frequency and severity of out-of-service driver and vehicle violations.
5.A pattern demonstrating an increase or decrease in similar types of regulatory violations.
6.Frequency of crashes and incident rate are indicators of preventable incidents, whether they are increasing or decreasing.
7.Number and severity of violations of FMCSA regulations.

If you receive a Conditional or Unsatisfactory rating, the first step in obtaining a Satisfactory rating is to understand the deficiencies and controls that were deemed inadequate or missing during your audit. Once your updated safety management plan is developed and you have implemented controls to ensure safety compliance, you will need to provide FMCSA with documentation that deficiencies have been rectified and an upgrade to a Satisfactory rating is an appropriate step for your company.

The FMCSA has a user-friendly guide and accompanying form, 385.17 Upgrade Request, outlining how to request an upgrade to your safety rating based on correction action, or visit Acuity’s Motor Carrier Toolbox to learn more.  Source Acuity Insurance

 

Kids, free ice cream “tickets” are back!

Saturday, May 5th, 2018

Beck Insurance Agency has once again teamed up with the Archbold Police Department and Rivello McDonalds to encourage Archbold youth to wear their bicycle helmets this summer.

Archbold Police Officers will be “ticketing” kids who are practicing bicycle safety by properly wearing their helmets.  Each ticket is good for 1 free ice cream cone at Rivello’s Archbold McDonalds.

We hope this will continue to promote bicycle safety and build a good relationship between our communities youth and police officers.  Have a great (and safe) summer!!

Don’t make this dangerous Medicare mistake

Thursday, April 26th, 2018

“I hadn’t gone to a doctor in over 40 years! So I didn’t think I needed an insurance plan to supplement Medicare when I reached age 65, since I was very healthy.”

That’s what a neighbor, Mary, recently told my wife and me as she shared an unfortunate story. She had signed up for Medicare at age 65, but she hadn’t bought either a Medigap plan or a Medicare Advantage plan to supplement Medicare, nor had she signed up for a prescription drug plan under Medicare Part D.

But at age 70, in spite of being in excellent health, Mary suffered a stroke. We were all surprised, given that she dances, practices yoga and tai chi, and walks regularly. She’s slim, athletic, doesn’t smoke and eats very healthily. She’s one of the last people we thought would have a stroke, but we’ve since found out that strokes can strike anybody, including people who are otherwise very healthy.

Mary spent about 10 days in a hospital, followed by many days in a skilled nursing facility for rehabilitation. Now she’s facing many thousands of dollars in bills for hospital, doctors, physical therapy and rehab charges because she wasn’t aware of Medicare’s high deductibles and co-payments.

As a result of her experience, Mary is now interested in buying a plan to supplement Medicare. The problem is, insurance companies are allowed to apply medical underwriting for Medigap plans once you’re beyond your initial enrollment period at age 65. That means it’s very likely the insurance companies will either deny her outright because of her preexisting condition — the stroke — or they’ll charge her a higher premium.

She can enroll in a Medicare Advantage plan, but these plans will require her to use the health care providers in their network, instead of the doctors she currently sees.
Here’s how the costs are adding up for Mary for Medicare’s deductibles and co-payments and other items not covered under standard Medicare:

• Medicare Part A applies a $1,340 deductible for each stay in the hospital.
• Medicare Part B applies another $183 deductible for doctor and outpatient services, plus a co-payment of 20 percent of the services of doctors and rehabilitation specialists. These charges are adding up to many thousands of dollars for Mary because her share of 20 percent is a large amount.
• She’s also paying the full freight for drugs she has been prescribed.

If Mary had spent more than 20 days in a skilled nursing facility following her hospital stay, Medicare would have imposed a co-pay of $167.50 for each day after her 20th. Fortunately, she was discharged before the 20-day mark.

The fact is, Mary made a common mistake among retirees who are approaching their Medicare eligibility age: She assumed that because she was healthy at that time, she probably wouldn’t need substantial medical care in the future. This usually turns out to be a short-sighted decision that has unfortunate lifelong implications.

Need a quote?  Click Here.

How many Americans make Mary’s mistake? Let’s try to estimate the number.

According to the American Association for Medicare Supplement Insurance, 13.1 million Americans owned a Medicare Supplemental Insurance plan (Medigap) in 2016 and 18.5 million Americans participated in Medicare Advantage plans, for a total of 31.6 million people buying some form of insurance to supplement Medicare. However, the population of Americans age 65 and older surpassed 50 million in November 2016, according to the website SeniorCare.

Subtracting the number of seniors with some sort of supplement from the total senior population results in an estimate of around 18 million people who might also be making the same mistake that Mary did. The actual number is most likely much smaller, though, because many people might not need a supplemental policy due to other coverage, such as Medicaid, Tricare or from the Veterans Administration. Still, it’s safe to assume that millions of older Americans are making this mistake.

The bottom line: If you’re approaching age 65, investigate a health care policy to supplement Medicare, no matter how healthy you think you are now. If you’re beyond your initial Medicare enrollment period and don’t have supplemental insurance, check out your options — it’s not too late. You might still qualify for a Medigap plan if you don’t have preexisting conditions.

Alternatively, a Medicare Advantage plan might help you. And you can still enroll in a Medicare Part D plan to cover prescription drugs during Medicare’s next open-enrollment period.
If you’re confused or intimidated by these options, find qualified people who can help you.

At some point in your life, you’ll need more than just Medicare. And your health and well being could depend on getting it.

Credit:  Steve Vernon / CBS Money Watch  Source

 

Insurance in Defiance OH, Napoleon OH, Wauseon OH, and the Surrounding Areas

Thursday, April 12th, 2018

Whether you are looking for health, life, property or vehicle insurance, a good insurance agent can not only provide you with the proper guidance but will also make the purchasing process of an insurance policy much easier. Therefore, it is extremely important to choose the right insurance agent so that you can understand the entire process in a much better way. If you reside in and around areas of Naopleon OH, Perrysburg, Swanton OH, Sylvania OH, Toldeo or Wauseon OH, and looking for professional insurance agents, then come to us at Beck Insurance Agency. We can provide you with the right insurance agent that you can get a sound coverage from the top-rated companies. While working with the insurance agent, you might have a few queries about this sort of coverage. Any good agent will always resolve your queries and guide you properly with the process.  

Here, we have compiled a list of questions that you might have for your life insurance agent. Take a look.  

  • What is the Coverage Requirement? 

This is the most important question to ask your life insurance agent. You might be asked to fill in some basic details before he/she can estimate your coverage needs in a much better and comprehensive way. Furthermore, he/she can even help you to get the perfect coverage that would meet with your requirements and budget, accordingly.  

  • What are the Benefits of Life Insurance Policy? 

While purchasing  any kind of policy, let alone a life policy, do not forget to ask about the ways in which it can benefit you. By doing so, you will be able to understand the potential of the policy in a much better way. 

Therefore, these are the 3 important questions to ask your life insurance agent. And if you think that we can provide you with some of the best professional agents who can guide you for getting the right life insurance policy, then contact us at 877-446-2325. 

New Medicare Cards Coming This Month

Friday, April 6th, 2018

New Medicare cards will begin being issued this month. The new cards will no longer display your social security number for your safety.

Cards will issue automatically for everyone, this does not require any action or request on your part. No should be calling you requesting any action on your part in order to get your new card released. If someone does call making such a request, this is a scam….and you should call 1-800-Medicare to report the incident, or visit Medicare.gov

If you have any questions or would like more information, please call Beck Insurance Agency at 419-446-2777 and ask for Natalie Grieser or Bill Beck. We are here to serve all your Medicare product needs. You may also click here to make a request online.

Natalie Grieser, Agent
Beck Insurance Agency, Inc

Car Insurance in Napoleon OH, Wauseon OH, Sylvania OH, and the Surrounding Areas

Monday, April 2nd, 2018

As accidents and disasters come unannounced, the least you can do is to get yourself insurances like homeowner’s insurance, car insurance, and life insurance that will keep you as well as your family protected at all times. But, it is equally important that you buy insurances from trustworthy insurance agencies only. So, if you are looking for a reliable insurance agency in areas of Defiance OH or Delta OH that would offer you the proper coverage at the right prices, then you can end your search here. We, at Beck Insurance Agency, have been helping innumerable families and businesses to protect the things that matter the most.  

Here, we have compiled a list of the three major insurance policies that you can avail from us, at Beck Insurance Agency. Take a look.  

  • Life and Health Insurance– This insurance policy is needed to ensure that your immediate family has some kind of financial support in the event of your demise. Our professionals search for the top-rated life insurance companies to provide a convenient coverage that you and your family will appreciate. Our life insurance options include permanent life, universal life, whole life, term life, fixed annuities, and mortgage amongst others. As for our health insurance, we provide coverage for disability protection, Medicare supplements, etc.  
  • Car/ Auto Insurance– Having a car/auto insurance is essential as it will cover your expenses in the event of any vehicle damage or injuries to other drivers, or passengers. We provide solid protection for auto, motorcycle, boats, personal watercraft, trailers, classic cars, RV’s and ATV’s.  
  • Homeowner’s Insurance– From the rental property, townhomes, mobile homes, condos and cottages to homes under construction and vacant homes, there is a variety of coverage that is offered by us. We understand your concerns and therefore, work extremely hard to provide the protection you would need from reliable companies.

These are the three major policies that you can avail from us, at Beck Insurance Agency. Along with the aforementioned places, we also operate in Maumee, Perrysburg, Swanton OH and Sylvania OH. So, without any further ado, contact us at 877-446-2325 to get a quote.