CBS Coverage

01/31/2019

When many people think of long-term care (LTC), the first thing that comes to mind is a nursing home. While long term care insurance can be used to offset nursing home care costs, it can also be used in variety of other situations, such as paying for in-home care. Long-term care insurance is designed to help pay for care that may be needed on a daily basis for an extended period of time. It goes beyond the scope of coverage provided by typical medical insurance.
Whether you are living at home, in an assisted living facility, or in a nursing home, you may benefit from long-term care insurance. However, the catch is that you want to start planning ahead before you need these services. Rates are often based on your age, health, and income when you apply. If you wait until you are in poor health or have serious medical needs, you may not qualify for coverage, or may pay a significant premium. Many advisors recommend individuals start investing in long-term care insurance in their 50s, before they hit retirement age.
The average life expectancy of both men and women has increased, and many people are living into their 80s, 90s, and even 100s. There is no way of knowing whether you will need long-term care benefits or not, but it is often better to err on the side of caution and have them just in case.
You don’t want to wait until these issues arise to start thinking about LTC insurance, because by then it may be too late to qualify for affordable coverage, or coverage at all. Start planning ahead by contacting us today.

01/23/2019

As is the case with most household appliances, modern technological advancements can result in massive improvements. There are significant benefits to installing a tankless water heater in your home.


You can save money on your energy bill. With a conventional water heater, hot water is stored inside the tank. In theory, this keeps a ready supply of hot water on hand for immediate use, but the fact is that the hot water just sits around when not being used. This is not only a complete waste of energy; it also costs you extra money at the end of the month on your energy bill. A tankless water heater does not store hot water for later use. Instead, a tankless water heater only produces as much hot water as a person needs. In other words, when the hot water faucet is turned on, the tankless unit provides the exact amount of hot water dispensed until the faucet is turned off. With the installation of a tankless unit in your home, you never need to worry about running out of hot water again during a shower.

One of the biggest problems with conventional tank water heaters is leakage. No matter how fancy of an electric water heater you buy, the unit will start leaking as time takes its toll. After all, these are constantly filled with water day in and day out for a period of years. This cannot only create a huge mess to clean up, but costly damage to your home and a potentially large claim to your homeowners insurance policy.

01/17/2019

Have you ever thought about what might happen if a family member or yourself, living alone might deal with an emergency? For seniors who live alone, this can be a serious concern. For this reason many people opt to put a Personal Emergency Response System (PERS) in place sooner rather than later. PERS are an effective way to stay connected 24/7 in case an emergency should arise. These systems work by attaching a console to a senior’s telephone line that automatically dials a response center and offers two-way, hands-free communication. It is activated by a transmitter that seniors can wear around their neck or as a bracelet. Some devices can even be worn on a belt or kept in a pocket for easy access. When help is needed, all they have to do is push a button and the system is activated.
Their call is sent to a call center that immediately assesses the situation and contacts the appropriate parties. This could be sending the police, an ambulance, or the fire department, calling a nearby emergency contact, or alerting a family member. Seniors are able to call for help when they need it rather than waiting on someone else to assist. It can be invaluable in the event of a fall or other medical emergency where time is critical.
There are several different types of PERS available. Some provide basic options for calling for help, while others are more advanced and may have fall detection technology, GPS tracking, or other features. Consider what the major concerns are for your loved one, and what device may best fit their needs. Systems are often paid for on a month-by-month basis and you have the option to suspend service if your loved one should be admitted to the hospital or have temporary continuous care.

01/10/2019

Things you should know about short-term rental, are you covered?

The Age of Sharing is here, and it’s a phenomenon that’s expected to grow from $15 billion in 2014 to $335 billion by 2025, with services such as home-sharing and maintenance platforms being a big part of that equation. Many homeowners have seen big economic benefits over the years from home-sharing platforms like Airbnb, but if you’re thinking about jumping in to get a piece of that pie, there are a few things you should consider first.

Know Your Regulations
Not all cities see the home-sharing phenomenon as a win-win. Many are passing new regulations that are often designed to curb its growth. Before signing up for a service like Airbnb, you should find out a few things. Does your city have a framework for short-term rentals? Are there any legal restrictions? How expensive is licensing?

Know Where You Live
Cities are made up of distinct neighborhoods, and people are proud of where they live, so, you'll want to think carefully about the impact of a short-term rental on your neighbors before moving forward with your plans. You don't need to get permission before renting rooms, but as a courtesy, you'll want to let anyone impacted by your decision in on your plans. You'll also want to establish clear house rules and expectations, especially about noise or late-night outdoor socializing, for your guests.

Know Your Coverage
You’ll hear horror stories in the news regularly about a home-sharing rental gone bad. In London, a short-term renter threw a party for 100 people, unbeknownst to the homeowner, during which floorboards were ripped and a television pulled off a wall. In another widely-reported example, a short-term rental unit was used as a pop-up brothel. Stories about experiences as bad as these are extremely rare; however, they serve to remind us about the financial and legal risks for hosts who allow strangers into their home. It's important to make sure you have the appropriate coverage if you don't already have it.

Home-sharing companies such as Airbnb or HomeAway offer basic insurance coverage, but what they offer may not be enough, or could be severely limited by exclusions. Your best option is to ask your insurance provider about the nature of the protection, liability coverage and deductible. For example, if you're renting out rooms at your primary residence, short-term, on a regular basis, it may be considered a home-based business, and you could be denied coverage.

01/05/2019

Is this the year you’re thinking of retiring?


Location can play a big role in the quality of your retirement. The average person spends decades saving for retirement and planning for this major financial decision; did you know that where you live can actually have the biggest impact on your retirement finances? Here are a couple of things to consider when you’re deciding where to settle down when you’re ready to get out of the rat race.

Services for Seniors
When you think about retirement, you might have visions of long afternoons out on the links, time on the beach with your grandchildren, or just a nice relaxing place to put your feet up. But don’t forget that you might need a little help staying fit enough to keep your golf game in top shape. It’s worth exploring the availability and cost of healthcare services for seniors in any place you’re considering retiring. Find out what it might cost you if you or your spouse needs in home care or what assisted living facilities cost in the event they’re needed. These costs can vary significantly from place to place, so it’s worth your time to do a little research.

Add up the Tax Bill
While most of us think about spending our hard-earned savings on enjoying the good life, going into retirement doesn’t exclude you from having to pay your share to government. Retirement planning should always include planning for taxes, including income, property and sales tax. Shopping for a new home in retirement might also mean shopping for a location and a price that will help you stay on budget for your golden years.

Remember, your retirement journey is a very personal one, and where you choose to retire is completely up to you and your vision for your perfect retirement; however, the more you know about the financial climate in the state you currently reside or are looking to retire in, the better prepared you'll be for this major life change.

12/27/2018

12/20/2018

According to the Better Business Bureau, Santa isn’t the only one keeping track of who is naughty and who is nice! Better Business Bureau is warning consumers to beware of these common holiday scams:
• Be cautious shopping online. Because many retailers now have chip card readers, fraud at bricks-and-mortar stores is down, so scammers have shifted their efforts online. Use a credit (not debit) card online and only shop on secure websites. Look for https in the address (the extra “s” is for “secure”) and for a lock symbol.
• Look-alike websites: When shopping online, make sure to use only legitimate websites. Watch out for URLs that use the names of well-known brands along with extra words.
• Fake shipping notifications: These can have attachments or links to sites that will download malware on your computer to steal your identity and your passwords. Don’t be fooled by a holiday phishing scam.
• E-cards: Electronic cards can be great fun, but be careful. Two red flags to watch out for are: the sender’s name is not apparent; you are required to share additional information to get the card.
• Letters from Santa: Several trusted companies offer charming and personalized letters from Santa, but scammers mimic them to get personal information from unsuspecting parents. Check with BBB.org to find out which ones are legitimate.
• Emergency scam: Be cautious if you get a call from a family member or friend claiming to be in an accident, arrested, or hospitalized while traveling in another country. Never send money unless you confirm with another family member that it’s true.
• Phony charities: Everyone is in a generous mood at the holidays, so scammers take advantage of that with fake charity solicitations in email, on social media sites, and even by text. Check out charities at Give.org before donating.
• Temporary holiday jobs: Retailers and delivery services need extra help at the holidays, but beware of solicitations that require you to share personal information online or pay for a job lead. Apply in person or go to retailers’ main websites to find out who is hiring.
• Unusual forms of payment: Be wary of anyone who asks you to pay for holiday purchases using prepaid debit cards, gift cards, wire transfers, third parties, etc. These payments cannot be traced and cannot be undone.
• Free gift cards: Pop-up ads or email offering free gift cards are often just a ploy to get your personal information that can later be used for identity theft.
• Social media gift exchange: It sounds like a great deal; buy one gift and get 36 in return. But it’s just a variation on a pyramid scheme and it’s illegal.

12/15/2018

For most, the holiday season means family, friends, food and, of course, presents. But for criminals, the holiday season means something entirely different: the opportunity to cash in on homes full of carefully wrapped gifts, including lots of easy-to-sell electronics and jewelry.

Here are a few quick home security upgrade ideas that could save you and your family from burglaries, robberies, and home invasions during criminals' favorite time of year:
• Wireless Network Camera Some models allow you to access a live stream of your home on the internet, and the system can be programmed to send an e-mail alert anytime it detects motion. Like many new security products, smartphone apps are available alerts, too. With built-in recording functionality, if something does happen, you'll have it all on tape.
• Pet-Immune Motion Detectors Some residential motion detectors use digital technology to prevent false alarms, as it ignores anything weighing less than 60 pounds. It can be integrated with an existing security system, or operate independently to alert you of any unwanted visitors within its range.
• Driveway Alarm Some models can communicate with their base device up to 400 feet away, and can sense metal moving within 13 feet of the wireless device setting off a doorbell-like chime when a vehicle enters your driveway.
• Electronic Guard Dog A sensor works through doors and windows to detect motion in a range of 30 feet, and responds with a realistic barking sound.
• Imitation Security Camera If you want the look, but not the price tag or upkeep of a home-security camera you may want to consider investing in a decoy. This can work well to ward off potential burglars by creating the appearance of an extensive, high-tech system. Complete with a blinking LED light, these “cameras” should be mounted outside.
• Fake TV A device that is a low-energy way to make it look like someone's home with the television on. The light sensor can be set to automatically switch on when it's dark outside to create a realistic TV-set glow, or you can set the fake TV on a timer to match your regular schedule.
• Fingerprint Keyless Entry Lock Keyless entry touch pads have been around for years, but in a high-tech world where password security is often compromised, fingerprint pads give you a little extra protection. The waterproof lock will keep a running record of who accessed your lock, and when.
• Mobile Photo Apps There are many interactive apps to choose from. For a one-time fee, you can download apps that let you view live and archived video of your home, turn lights on and off, and control home security systems when you're not at home.
• Shatter-Resistant Window Film The clear film is designed to keep glass from breaking during earthquakes or forced entry, it also helps insulate your home by trapping warm air in and keeping cold out.
• Cross-Bar Police Lock The double steel bars protect your home from the inside out.

• Motion-Sensor Floodlight Sometimes, something as simple as a sudden burst of light can scare off burglars.

12/05/2018

Have you ever seen a stray animal and wondered what, if anything you might be able to do to help. At this time of year, especially if you live in a cold weather climate you may be able to make a big difference in an animal's life. Unfortunately, no one person can help save all of the stray dogs and cats in the world. But with a little effort and compassion, one person can help at least one stray animal through the dark and hopefully on to better days ahead.

11/29/2018

The holiday season is in full swing and many are busy making a wish list. We are curious, which would you prefer?

11/21/2018

We think this message says it all. Enjoy a wonderful Thanksgiving Day with your loved ones.

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11/14/2018

There was a time when having a car radio was considered a factor of distracted driving. Did you know that in 1930, when the car radio was fairly new, laws were proposed in Massachusetts and St. Louis to ban them? The Auto Club of New York ran a poll in 1934 and results showed that 56 percent of people thought the car radio was a “dangerous distraction".