Understanding Term Life Insurance

Here’s what you need to know about a term life insurance policy.Understanding Term Life Insurance

While most people understand the importance of securing life insurance coverage, many are unclear about their coverage options. One of the most popular types of life insurance is term life. But how does this policy work and what does it cover? Read on to learn more about term life insurance coverage.

What is it?

Term life insurance policies offer life insurance coverage for a set amount of time, or term. Usually, term lengths last for anywhere between 10 and 30 years. Many people secure term life policies because they are straightforward and because they offer coverage for an important period of their lives. For instance, many people secure a term life policy to last them until they retire or until their children are no longer dependent on them.

How does it work?

During your term, you will make your regular premium payments. If you die sometime during your term, your beneficiaries will receive a previously agreed upon death benefit. However, once your term length ends, your life insurer no longer has any obligation to you. If you were to die once your term is up, your beneficiaries will not receive compensation. If you still need coverage after your policy expires, you will have to secure a new policy.

How much does it cost?

Because term life policies only offer you coverage for a set amount of time, they tend to be cheaper than whole life insurance options. That being said, the actual cost of your premium will be dependent on a variety of individual factors. For instance, your insurance costs will vary according to your age, overall health, your lifestyle, and so on.

This is what you need to know about term life insurance policies. Do you have further inquiries regarding your life insurance coverage? If so, contact the experts at Miller Carlisle Insurance Services. We are ready to assist you with all your personal coverage needs today.

How to Find Your Lost Life Insurance Policy

How to Find Your Lost Life Insurance Policy

When your loved one passes away, finding their life insurance policy can be a time-consuming and frustrating ordeal.

When a client loses someone dear to them, they may be expecting a life insurance policy death benefit to help them through this hard time. Sometimes, however, the life insurance policy can become lost. But how, you may be asking, can an insurance company simply lose such a policy? Don’t they have a digital system in which everything is kept? Very likely, but there are various reasons a policy may become lost. If the policy of your deceased loved one got lost in the taverns of a life insurance company, here are a few tips on how you can locate that policy.

Why Benefits Go Unclaimed

Lost life insurance policies don’t happen because of an evil corporate business man. The reasons are actually not very grandiose. Some carriers may merge, while other times the beneficiary is unaware of the policy.

How to Find a Policy

  1. Contact the Employer – If the deceased was employed during their death, an employer-sponsored life insurance policy may be in place and the employer is simply waiting for you to claim the death benefit.
  2. Check That the Insurance Company Remains Active – When a policy gets lost, it is often because the insurance company that held the policy was absorbed or bought out by another company. Contact your state’s Insurance Department to find out what happened to your insurance company.
  3. Try the MIB Database –  This is a consortium of life and health insurers that contains every policy ever written since 1996.

To find your life insurance policy that is affordable and comprehensible, contact Miller Insurance Agency, Inc. in Carlisle. We’re happy to help you with the policy that you and your family need!

How to Locate a Lost Life Insurance Policy

How to Locate a Lost Life Insurance Policy

When you have to help a customer locate a deceased family member’s lost life insurance it can be a timely and frustrating process for both parties involved. 

Why Do Benefits Go Unclaimed? 

There are many reasons as to why a life insurance may go unclaimed. There may be times where carriers merge or are acquired, other times there is uncertainty about a policy continued in force, but many benefits go unclaimed simply because the beneficiary is unaware of the existence of such policy or they are unable to find it.

How to Find the Policy

  1. Search the insurance-related files. Make sure that you have checked your insurance files. It may just be stuck behind another piece of paper you might not have checked.
  2. Contact the employer. If the deceased person in question was working at the time of death, their employer may have a copy of the insurance policy.
  3. Look over canceled checks and bank books. Look for any checks that were written for the insurance company.
  4. Search the insurance company. It may be that the life insurance company in question may not exist anymore or was absorbed by another company. If so, contact the new company from which it was absorbed.
  5. Check your state’s unclaimed property office. Start with the National Association of Unclaimed Property Administrators and follow the on-screen instructions to see if they have a record of your insurance policy.
  6. The MIB database. The Men In Black can’t help you with such Earthly matters, but the Medical Information Bureau can. The MIB Group database has individual life insurance applications underwritten since 1996.

To find a quality life insurance policy that is affordable and comprehensible, without too much stress, contact Miller Insurance Agency, Inc. in Carlisle. We’re happy to help you with the policy that you and your family need!

What to Do After an Accident (of Any Kind)

What to Do After an AccidentAccidents happen every day; despite their frequency, we are still left wondering what we should do when we find ourselves having had one.

Accidents are called accidents for a reason: they’re unexpected and can happen at literally any time. From the near cosmic impossibility of an asteroid wiping out all human life on the planet, to simply forgetting your watch on your nightstand, accidents come in a wide variety of examples. Most fall within reason, and for these, there is a checklist which you should review so the next time you have an accident, you are ready to go.

  • Keep calm. Do whatever is necessary to protect your family members and your property. The best way to accomplish this is by staying calm and having a clear head.
  • Is anyone injured? Checking for injuries may save a life; if someone is injured call for help immediately.
  • Don’t flee the scene of an accident. Doing so may get you in even further trouble.
  • Don’t admit responsibility. For liability reasons, never admit that the accident was your fault, nor should you blame anyone else.
  • Record the other person’s information. Name, address, phone numbers, and any other information that is important. If there are any witnesses, try and get their information as well.
  • Always notify law enforcement. If there are any injuries, death, or serious property damage related to the incident, notify law enforcement.
  • If there is any theft or vandalism that occurred, be sure to contact the police and report all of the missing items.
  • (If there is an asteroid that hits the Earth, just hope it isn’t big enough to destroy everything.)

Ensure that you will not face hardship from an accident. You can buy that peace of mind! For your all-encompassing insurance in Carlisle, Pennsylvania, contact Miller Insurance Associates today!

Cellphone Etiquette: What Not to Do

Cellphone Etiquette: What Not to DoEveryone has a cellphone these days, and it seems that perhaps some people missed the memo on the Dos and Don’ts of cellphone use.

Smartphones are in everyone’s hand for nearly all hours of the day. Normally, this isn’t a problem on the streets, but when sitting at the kitchen table or secluded setting, phones can be a distraction for you and others around you. While we certainly don’t want to sound like senior citizens trying to lecture you about phone usage, there are some times where you must take other people’s into consideration because that’s what makes people a “good” person. Here are some situations in which you should put the phone in your pocket and keep it there.

  1. The movie theater. Nothing is more annoying than sitting in a theater and watching an emotional scene when all of a sudden, out of the corner of your eye, you see a bright flash of light that completely takes you out of the experience. Keep your phone away during the film, and if you must reply to a text, have the common decency to walk out of the theater to complete your task.
  1. The volume. Don’t yell when you’re on the phone. The person you’re talking to will still be able to hear you if you speak at a normal volume. No one wants to hear your affairs because, frankly, they don’t care, and just want to continue living their lives.
  2. Respect those with whom you are with. When you’re engaged face-to-face with others, either in a meeting, keep your phone down. Giving people your undivided attention is something that not many people do nowadays.

Simply using common decency should be enough of a guide to all cellphone users. No one is entirely innocent when it comes to using phones at the wrong time, but the more aware we are, the better we can end this annoyance. For more tips on how to remain healthy and safe during this month and beyond, contact Miller Insurance Associates in Carlisle, Pennsylvania. We’ll work with you to get you the best health insurance policy that meets all of your need.

3 Reasons People Don’t Buy Life Insurance (And Why They’re Wrong)

3 Reasons People Don’t Buy Life Insurance (And Why They’re Wrong)

Life insurance is something that most of us don’t want to think about, but it’s an important aspect in keeping your family safe.

Thinking about life insurance is something one has to do, however difficult it is. Why is it difficult? Well, it might something have to do with coming to terms with your inevitable death. When it comes to the safety and financial security of your family, life insurance is definitely something you should think about. For some, however, it’s not enough. Life insurance myths are something that they may never think about because of preconceived notions they picked up along the way. Here are three reasons people don’t buy life insurance and why they are wrong to not do so.

  1. “I’m, like, really healthy.”

You may be healthy now and have a strong family record of being healthy, but no one knows how long our health will remain in tact. You never know what virus or infection or injury you’ll pick up tomorrow. Short of being Patient Zero for the zombie apocalypse, purchasing a quality life insurance plan protects your family should anything unexpected happen to you.

  1. “I can’t afford it.”

This is a misconception that many people have about life insurance. The truth is that life insurance is not all that expensive. This depends on a number of factors, of course, including your age, health, life habits, and how much coverage you want to buy.

  1. “The process intimidates me.”
    How much is your family’s security worth to you? If your family depends on your for things like mortgage, education, extracurricular activities, or anything else—their security should certainly be worth a few moments of your time, no matter how uncomfortable you may be.

Your family depends on you making the big decisions (at least half of them). Your family shouldn’t have to suffer further: your early departure is hard enough already. For a quality life insurance policy that is affordable and comprehensible, without too much stress, contact Miller Insurance Agency, Inc. In Carlisle, PA. We’re happy to help you with the policy that you and your family need!