Thursday, October 1, 2015

Oh deer! Kentucky’s peak season for deer collisions returns...



Brace yourselves, Kentucky drivers; the annual three-month increase in roadway encounters, and unfortunate collisions, with white-tailed deer is once again upon us.

Deer can certainly be spotted around Kentucky any time of year, but for the next three months their activity – and likelihood of becoming a costly, if not deadly, roadway hazard – increases dramatically. Drivers across the Commonwealth are anywhere from two to seven times as likely to collide with a deer on the road in November as they are during the first nine months of the year.

Beyond being a nuisance, the cost of these deer collision accidents is also quite significant. The Insurance Institute for Highway Safety (IIHS) estimated that each year white-tailed deer across the nation cause car accidents responsible for tens of thousands of injuries and the deaths of approximately 200 Americans. Those collisions also carry the hefty price tag of $4.6 billion in insurance claims annually.

Regionalizing those numbers, Kentucky State Police (KSP) data reports that Kentuckians were in a total of 3,092 automobile collisions with deer in 2014 (128 more than in 2013). Those accidents resulted in 62 injuries (nine fewer injuries from the year prior) and three deaths (zero deaths reported in 2013).  Overall, Kentucky is ranked as the fourth highest state in the country by IIHS for animal collision claims during this peak season.

Vehicular collisions with deer increase during this time of year in conjunction with the annual peak season for deer mating. Deer are also naturally migrating in the fall, and urban sprawl has introduced many new roads into the natural habitats of these animals. Kentucky’s simultaneously exploding deer population only expands the opportunity for these accidents to occur. Consequently, deer are seen and struck on the roadways during the last three months of the year almost more often than all the other nine months combined.

Now that this seasonal jump in deer activity is here, drivers should take the time to be aware of their surroundings even more than usual. KFB advises motorists to drive defensively on the roadways this fall, especially when headed through wooded areas where deer are likely to be seen.

Tips to help drivers avoid deer collisions:

Watch for deer crossing signs. These signs are posted to alert drivers that certain stretches of the road are commonly populated with deer – do not ignore the warning.

Be aware of the time. Deer are most commonly seen along roadways in the early morning and evening hours. Exercise additional caution if traveling during these times of day.

When driving after dark, use high-beam headlights to increase the range of vision.

If a deer is spotted on or near the road, slow down immediately.

Don’t swerve if a deer is in the road. Brake firmly but keep the vehicle headed in a straight line. A swerving vehicle can confuse the animal and prevent it from picking a direction to flee, or, worse yet, the driver could lose control and hit a tree or another car.

Always wear a seat belt. The Kentucky State Police reports that most people injured or killed in automobile collisions with deer are not wearing seat belts.



Friday, September 25, 2015

You Need To Understand That Life Insurance Is Not Optional...


September is Life Insurance Awareness Month. If you are suppressing a yawn at this point, the startling statistics revealed by the 2015 Life Insurance Barometer Study should serve as a wake-up call. According to the study, which was conducted by Life Happens and LIMRA, more than 40 percent of Americans have no life insurance at all. 
 
The problem is even more chronic for women, who historically have been underinsured. It is estimated that the amount of life insurance owned by women is about 69 percent of that owned by men, and 43 percent of women do not have any life insurance at all. It is unfortunate that our society still tends to undervalue the contributions of women to the household, especially if they are stay-at-home mothers or caregivers without a quantifiable salary.  
 
To help with the guesswork, salary.com in its Annual Mom Salary Survey estimated that the total annual salary for a stay-at-home mom in 2014 should be $118,905. The number of women who are the primary breadwinner of the household, or in many cases the sole breadwinner of the household, continues to increase. It is imperative that these women have adequate life insurance to provide for their families in the event of a premature death. 
 
Women also are more likely to be the main caregivers for an aging parent or loved one. With so many depending on women, the importance of proper coverage is critical. While 66 percent of single mothers do have life insurance policies, only 33 percent have sufficient coverage to satisfy their dependents’ expenses for any substantial length of time. 
   
The Insurance Barometer Study also indicated that 30 percent of those surveyed believed they needed more life insurance and 43 percent said the loss of the primary breadwinner would have a financial impact within six months of their death. Despite these facts, 54 percent said they were unlikely to buy additional life insurance in the next year.
 
Why the disconnect? If consumers recognize they are underinsured and are aware of the potentially devastating financial effects, why are they not taking corrective action?  The Insurance Barometer Study found that mistaken perception about the actual cost of life insurance was at the root of the problem. The study showed that most consumers have an unrealistic expectation of the cost of insurance. About 80 percent of respondents overestimated the cost. Millennials in particular missed the mark by as much as 213 percent, and members of Generation X were off by 119 percent. 
 
Insurance protection is not nearly as expensive as people think it is. When compared with other monthly costs like cable, lunches out or the occasional stop at the coffee shop, life insurance is very affordable. When families understand the real cost of life insurance, they realize that not only can they afford it, but they cannot afford to go without it.  
 
As an advisor, I know firsthand the importance of life insurance in the overall planning process. I have either seen or heard how the premature death of a loved one without adequate insurance can completely derail a financial plan and devastate a family.

Let me help you understand how Life Insurance is not only necessary, but also affordable.

Please contact me:
Jon Loveless
Office Phone: 859-498-5714
Cell Phone: 859-585-1638 (leave a message anytime of day and I’ll call you back)

Email: jon.loveless@kyfb.com

Thursday, September 24, 2015

Regular equipment checks urged to prevent combine engine fires during harvest season...


As the seasonal harvest of row crops gets into full swing across the state, we remind farm workers to keep their combine engines clear and well-maintained before firing them up and heading out to the field. Combine engine fires, while usually avoidable with regular upkeep and cleaning of these essential machines, are both dangerous and expensive.

The risk of combine fires typically increases in drier conditions, during warmer afternoon temperatures and under the day-long accumulation of crop residue from harvesting. Across the nation combine and tractor fires have been estimated to cause up to $20 million in property damage annually, plus millions of dollars more in lost labor time and crop loss. Even more concerning is that nearly 50 people a year are injured during these fires, occasionally resulting in death.

Before taking a combine out for a long day’s work of harvesting crops this fall, operators must be sure to:

Have a clean machine. Approximately 75% of all equipment fires start in the engine compartment, so keeping a combine’s engine clear and clean of dust, plant residue, trash and other flammable material is crucial. This area should be cleaned at least daily, but more frequent attention may be required during periods of heavy use. Compressed air can be used to blow out dust and chaff, and a high-powered pressure washer can blast away grease, oil, fuel spills and other flammable residues. Keeping the engine clean also allows it to run cooler and more efficiently, further reducing the risk of a fire igniting from excess heat build-up.

Be diligent about daily inspections and maintenance. Timing is everything when it comes to farming activities, but skipping the daily inspection, cleaning and maintenance of equipment like a combine when in heavy use isn’t worth the associated risks just to get back in the field sooner. Carefully examine wiring, fuel lines, hoses, belts, fittings and bearings to identify worn parts, leaks, cracks or other damage that can lead to a breakdown or, worse yet, fire. Replace or repair any parts that don’t pass inspection and follow the manufacturer’s recommended schedule for lubrication and maintenance.

Go to the source of the heat. While combine fires can be sparked by a variety of heat sources, keep a close eye on the parts that are naturally hot – like the engine, exhaust system and electrical connections – and ensure they are in top condition. In addition to engine fires, it is common for leaky or worn components like the manifold, muffler and turbocharger to run extra hot and ignite flammable materials they contact. Malfunctioning fuses, circuit breakers, wiring, switches and other electrical parts must also be addressed swiftly with the dealer or manufacturer. Arcing electricity between bad components or wires – especially if near flammable materials kicked up from the combine – can quickly start a fire.

Equip combines with a 10-pound ABC dry chemical fire extinguisher. Or better yet, two – one in the cab and another where it can be accessed from the ground. Despite following preventative measures, sometimes fires do still occur. Putting the fire out quickly is possible if extinguishers are mounted on the combine, but only after the engine has been turned off. Having a second fire extinguisher at the ready helps in case the first one malfunctions or has lost its pressure, and having them in dual locations ensures one is quickly available no matter where the fire originates.

In the event a fire does break out while operating a combine, and if the operator can continue to safely drive it without risk of personal injury, it should be steered toward a clear area to reduce the further risk of starting a field fire and losing crops in addition to equipment. Fire extinguishers can be used to put out the flames if possible, but only as the operator is able to do so safely. A cell phone or radio should also be used immediately to call for help, especially when operating in isolated locations. Local fire departments will respond quickly and help reduce the overall damage of the fire.

As farmers seek to work quickly and efficiently while bringing in their crops during the long weeks ahead, regular inspections and maintenance of their combines and other equipment remain essential. We urge everyone to keep personal safety and property damage reduction the number one priority this fall.


Tuesday, September 15, 2015

Court Rules House Can Sue Administration On Constitutionality Of Health Reform Law...


A federal District Court has ruled that the House of Representatives has standing to sue the Administration over the constitutionality of Affordable Care Act (ACA) payments to insurance companies. The case, which is subject to appeal, says the House does have a key element—harm to it—on which to base its constitutional challenge.

The harm to the House, Judge Rosemary M. Collyer said in her ruling, comes from ACA payments by the federal government to insurance companies when Congress has not appropriated funds with which to make those payments.


Prospects: This is an early, and probably not dispositive, decision. But it does breathe life into the GOP Congress’ ongoing efforts to repeal the ACA. It is another in a series of constitutional challenges to the ACA. This one is still years away from resolution. There likely will be an appeal of the procedural standing issue, and then trial and appellate court decisions on the merits of the case. So, while this case continues the assault on the ACA, it is not a sign that the law’s opponents will get rid of it any time soon.
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And just for fun...


Husband theft...


Sunday, September 13, 2015

Protecting the little things...


Whether you’re in your 20s or 40s, being a new parent is one of the most exciting and frightening events that can happen in one’s lifetime.  In one fell swoop, you are suddenly completely responsible for another human being.  Term life insurance can replace the income needed to cover bills, but it can also pay for hopes and dreams.  You want to make sure your new bundle of joy will always be cared for, even if you aren’t around to do so.  Like most types of insurance, you hope to never need it, but your loved ones will be thankful you planned for the unexpected.

Not to scare anyone, but $245,340 is the estimated amount needed to raise a child to the age of 18.  Whether you are single or a couple, are a one-income or dual income household, this is a lot of money and it doesn’t include the cost of college.  If you were to die pre-maturely, you need to have a back-up plan for your children.  Term life insurance is that back-up plan and it can fit in most budgets.

Term life insurance is affordable financial protection and it can be set up to provide enough money to:

  • Allow your child to grow up in the home they know.
  • Pay for day care, school, and everyday needs.
  • Cover college tuition and their future dreams.


The magic of term life insurance is that it can last as long as you need it to.  You can purchase a policy to last only until your child reaches adulthood, or you could choose a longer term for additional protection.  Most term policies are also convertible.  Lifestyle needs change and you may decide you would like to have more than just a term policy.  Having a conversion option means that if you decide you want permanent life insurance, you can convert regardless of your health as long as you convert before the deadline on your policy.

Life insurance is very customizable for your individual situation.  While you have various term and permanent products available, you also have policy add-ons that can supplement a life insurance policy with more coverage.  These add-ons are known as riders.  Riders vary by insurance company and by policy, as do their workings and costs.

If you’re a single parent, it is essential to have life insurance to protect your child.  Some life insurance is better than none at all, and term life insurance is very affordable, especially if you’re young and healthy.  If you are a couple, both parents should have life insurance.  Even stay-at-home parents should consider life insurance.  Stay-at-home parents may not provide income, but they save the family money by being a chef, teacher, daycare provider, housekeeper, and transporter.  Not to mention all the boo-boos they heal every day.

Make sure those little fingers and toes are protected and get a life insurance quote today.  I know you’re busy so I try to make it easy for you to get a policy cost estimate.  Just contact me via phone or e-mail and I will see that you get quick estimate.  Or if you interested in a full needs analysis and want to spend a little time with me, I can fully analyze your situation to determine what kind of insurance and how much is just right for you.  Getting life insurance can sometimes be complicated because it’s such an important purchase, but I’ll make it as easy for you as I can and I’ll keep you updated the whole way

Please contact me:
Jon Loveless
Office Phone: 859-498-5714
Cell Phone: 859-585-1638 (leave a message anytime of day and I’ll call you back)

Email: jon.loveless@kyfb.com

Life Insurance Awareness Month...