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You may think that the only parents who need life insurance are working parents, but that isn’t exactly correct. A stay at home parent is more than just a mother or father. These individuals wear many hats: tutor, chef, chauffeur, housekeeper, caretaker, and more. The true value of these duties is priceless, but the economic value of them is clearly measurable. Purchasing a life insurance policy for a stay at home parent is a smart and compassionate way to ensure that your family is financially protected in the event of the unthinkable.

The Value of the Invaluable

Purchasing life insurance for a stay at home parent may seem strange since one of the purposes of life insurance is to replace the insured’s income that dependents rely on. Even though they do not earn an income, a stay at home parent’s work may be valued at over $100,000 a year. This means that in the case of a stay at home parent’s death, the surviving parent could be responsible for over $100,000 of equivalent services each year. Daycare alone can cost up to $20,000 a year, depending on the state you live in and the age of the child. Even if it doesn’t cost that much, this kind of expense can put a heavy burden on a surviving parent – and this is only one example. For this parent to continue earning an income, some or all of the work the stay at home parent previously performed will need to be outsourced. Having a life insurance policy in place for the stay at home parent can assist in alleviating these newfound financial responsibilities.

Consider Term Life Insurance

A term life insurance policy is a good option for a stay at home parent since it can cover a range of years in which the family is at the most risk in case of the stay at home parent’s death. After children are grown, there are fewer services that a stay at home parent performs, and less coverage may be needed.

Other Advantages

In addition to providing assistance with the duties of child and home care, life insurance for a stay at home parent can also provide financial help with final expenses, debts, and other common uses for life insurance.

Speak to an Agent

If you and your spouse are considering purchasing life insurance for the stay at home parent in the family, the best way to figure out what kind of coverage is best for your needs is to speak to one of our independent agents at Carnal Roberts Insurance Agency. We are here to help you think about the difficult things so your family can be better protected.

Most of us see Thanksgiving day as a time for joy. Making memories is the only thing on our to-do list while we kick off the holiday season with good food and family. However, believe it or not, Thanksgiving is one of the most dangerous days of the year for homeowners. With all that cooking, socializing, and drinking (sometimes too much!) happening in the same place, tragic accidents occur every year on this otherwise great holiday. Keep reading to learn more about how to protect your home when the festivities start.

Prevent Cooking Fires

Nothing stops the festivities cold turkey like a house fire. Unsurprisingly, cooking is the leading cause of home fires on Thanksgiving. Make sure you don’t leave cooking food unattended. If you’re frying a turkey, make sure to keep the fryer outdoors and away from all structures that can catch on fire. Check your smoke alarms beforehand to ensure that they’re in good working condition in case a fire does break out, and keep fire extinguishers and baking soda close by to nip flames in the bud.

Diminish the Risk of Injury

Of course burns are a likelihood on Thanksgiving, but the chances of a scald or burn can be reduced by refraining from wearing loose clothing or dangling sleeves while cooking, and keeping children at least 3 feet away from the stove at all times.

Also be cautious of which family member gets to wield the large carving knife, even if they swear they’re the man or woman for the job! Remain aware of who has been drinking, and be prepared to discreetly reduce the flow of alcohol if it appears that some folks have had more than their share. These may sound like obvious warnings, but knife and alcohol-related accidents are two of the biggest reasons for emergency room visits on Thanksgiving!

Secure Your House

Hosts aren’t the only ones who need to watch out for their homes on Thanksgiving. Break-ins always increase around the holidays because burglars know that people are less likely to be home. If you have to travel for Thanksgiving, especially if you’re gone for several days, be sure to set your burglar alarm, put lights on timers, and let trustworthy neighbors know when you’ll return so they can report any suspicious activity to the police.

Have a Happy Thanksgiving!

These are just a few things to keep in mind before you celebrate the feast of the year. It’s important to always practice safety, but a day like Thanksgiving isn’t a time for worry; that’s what independent agents like the ones at Carnal Roberts Insurance Agency are here for. As long as your home is covered with a good insurance policy, you should relax and enjoy the food and fun with relatives and friends!

Witches and ghouls are scary for the kiddos, but as a homeowner, you know that the real terror of Halloween lies in vandalism, lawsuits, and liability claims. Use these tips to make your home and belongings safe on Halloween night, both for you and your spooky visitors.

Be All In or All Out

Trick-or-treaters expect to get candy when they knock on your door, but it is understandable that you may not be in the spirit of the holiday or have the finances to supply candy every year.

When it comes to Halloween, it’s in your best interest to stick to your plan. If you give out candy, have your porch light on and be prepared for the foot traffic! If you’re not giving out candy, turn out the main lights and make it appear as if you aren’t home to the best of your ability. Greeting trick-or-treaters with no candy is awkward, and in some cases, it can lead to the worst kind of person being vindictive and coming back later to vandalize your home. It sounds bad, but it happens more than you’d think!

Hide Your Car

Halloween is a notorious night for automobile shenanigans. From toilet paper and water balloons, to eggs, paint, and bologna, vandals can pull “pranks” that wind up doing real damage to your car. If you’re not out and about on Halloween night, keep your car locked in the garage or at least park it behind the house.

Keep Your Pets Inside

Our furry friends don’t understand the spirit of Halloween. All they know is that masked figures keep ringing the doorbell to their home, and it is understandable that they get scared and defensive. No matter how sweet your pup usually is, he may still turn into Cujo on Halloween if he’s under enough stress! Don’t put your home insurance policy’s liability limit to the test over a dog bite or other, unintentional injury; keep your dogs safely in the house until the night’s excitement is over.

Light Up the Night…

Little trick-or-treaters are so excited to get candy, they tend to run up the driveway to your home. Make sure your porch and walkway are well lit and unobstructed so they don’t stumble on their way to the door. Not only could a fall ruin their fun night, but a real injury could come back to haunt you as a homeowner. Play it safe and keep it bright outside!

…But Don’t Use the Candles

Those glowing Jack-o-lanterns are super spooky and cool, but costumes, straw, and paper decorations are all very flammable. Use battery operated tea lights instead of real candles so your Jack-o-lantern only looks dangerous.

Learn More About Home Protection

Have any questions about home insurance, property damage, liability, and more? Give the agents at Carnal-Roberts Insurance Agency a call today!

Selecting a life insurance policy is an important step for planning ahead and taking care of the financial well-being of your family. But can you still get coverage if you aren’t a US citizen? In most cases, yes. There are very few instances where your citizenship status disqualifies you from coverage. The circumstances of your policy are different than those of current citizens, so there will be some more hoops to jump through, but there are plenty of providers who should be able to give you the coverage you need.

Learn more about obtaining life insurance as a non-citizen here:

Your Identification Makes a Difference

Whether or not you’re going to have a simple time of getting life insurance depends on the type of ID you have. If you are a green card holder, you are considered a permanent U.S. resident, and you shouldn’t have any problems applying for any life insurance policy you want. The only additional step you will need to take is sending proof of your immigration status to the insurance company.

Things start to get trickier if you hold a visa or a student visa. Visa card holders can be approved by many different carriers, but the companies have varying criteria for determining your residency. Most of these criteria are based on substantial presence and significant interest (more on that below).

The group most likely to have problems qualifying for life insurance coverage is non-citizens who hold student visas. Most insurance companies are hesitant to approve policies because they know that the visa is only temporary. However, it isn’t impossible to get life insurance with a student visa. You just need to speak with your insurance agent to determine the best route to take.

Substantial Presence & Significant Interest

Substantial presence and significant interest are the two primary factors that insurance companies consider when visa card holders apply for a life insurance policy.

To qualify under substantial presence in the United States, you typically need to have lived stateside for a minimum of one year. Many carriers require you to prove you have lived in the US for one or two years, and some require as many as five years. Ask your agent which carriers you best qualify with based on your time spent in the US.

In order to qualify based on significant interest, you need to have a vested reason to remain in or frequent the US. You must prove to the insurance carrier that you own a sizeable amount of property or assets in the country, such as a home or business.

Rely on Independent Agents

Shopping for a great insurance policy within your budget can be difficult enough to begin with. If you are not a US citizen, qualifying for life insurance can present even more obstacles. Trust experienced independent agents, like our staff at Carnal-Roberts Agency, to find a variety of good carriers with policies you qualify for!

We know you do everything you can to keep your house safe, especially if you have small children or adventurous pets. You’ve tied up the drawstrings on your blinds, placed non-slip grips on the shower floor, secured your cleaning liquids in an upper cabinet, and changed the batteries in the smoke detector, so everything checks out as safe, right? Well, not necessarily.

There will always be hazards anywhere you go, so home will never be completely safe, but here are a few common household hazards that are easy to miss, and easy to fix.

1. Trash Cans

A trash can that closes well is important to keep curious noses and little hands from digging into rubbish that could contain a multitude of hazards. Items like broken glass, toxic substances, and spoiled food can still pose a threat, even after they’re in the trash can. So, forego the cheap flip lids and purchase a lid that closes well enough to keep kids and dogs away.

2. Automatic Garage Doors

Electronic garage doors are made to sense objects (or people!) underneath them and retract to keep injuries from occurring. Like all electronic things, garage doors experience malfunctions and breakdowns which, in this case, can be harmful or even deadly. If your garage door starts acting funny or experiences some damage, call a professional to come service it for you – an important fix of this magnitude shouldn’t be left up to instructions from the internet.

3. Window Screens

You want to throw those windows open with abandon because the weather outside is irresistable! We get it, but don’t think that a child is safe just because the window has a screen. The small, transparent frame that keeps bugs from getting in isn’t enough to catch the weight of a falling or pushing person, so make sure the windows on your upper floors have bars! At least until the kids get older.

4. Treadmills

Treadmills can easily be one of the most dangerous items in your house for both children and adults if they aren’t operated with care. Falls on a treadmill can result in traction burns, broken bones, pinched skin and snagged clothing, and more. Every treadmill should come with an attached safety magnet to be worn during workouts. Make sure every user wears the clip, and turn on the safety switch or unplug the treadmill when it isn’t in use.

5. Electronic Appliances

From blow dryers to microwaves, electronic appliances have the ability to malfunction and cause fires or electrocution. Always pay attention to any unusual display messages on your appliances, and carefully follow instructions for proper use. If you know you’ll be running many outlets at once, invest in a surge protector to protect you and your other appliances.

And Don’t Forget Home Insurance!

No matter what happens in your house, a good home insurance policy with liability coverage will always have your back. The independent agents at Carnal-Roberts Agency have the ability to shop multiple carriers for good policies that fit your unique risks and budget! So, if you don’t have your home insurance policy yet, get in touch with your agent to find the right coverage for you.

Parking lots are considered one of the most dangerous places to drive for a reason. With limited visibility, crowded spaces, and mediocre signage, parking lots are hot spots for fender benders on a daily basis. When an accident happens in a parking lot, there are typically three characters who have an important role to play in resolving the wreck quickly and calmly: the driver, the victim, and the witness. Here, we break down what you should do in this situation according to your role:

If You Are the Driver

As the offending driver, there are several scenarios you can find yourself in here. The number one thing to remember is, no matter what, don’t drive off! You may be panicking and thinking you can get away with it, but hit-and-runs are pretty serious offenses in most states, and parking lot surveillance cameras are more common than you’d think.

If the car was parked, go inside the establishment and try to track down the driver. The best way to do this is to get a customer service representative to describe the victim’s car and make an announcement over the intercom. If the driver doesn’t appear, it’s time to take all the matters into your own hands. If the damage to the car is as minor as a scratch or small dent, write a note that includes your name, number, and explanation of the accident and secure it onto the other driver’s car. If the damage is more extensive, call the police to come document the accident in the parking lot. This professional documentation helps police track down the other driver, and it can protect you in the long run when it’s time to file an insurance claim.

If You Are the Victim

If your car is the one that got hit, it is important to contact your auto insurance agent as soon as you can. The faster an accident is reported, the more accurate the claim will be. If the other driver is still at the scene, make sure you write down their name, phone number, driver’s license number, address, and insurance company.

Whether the other driver is still there or not, record evidence of the accident. Take pictures of the damage and look for witnesses in the parking lot. Before you leave, go into the store and ask the manager if he or she has any security camera footage you can check. If the other driver left, this last step can help you and the police track them down!

If You Are a Witness

As a witness, you may feel like you aren’t involved in the accident, but you actually play a very important role here. If you see a parking lot accident happen, you should provide assistance to the victim and driver. If the offending driver drove away, then help the other driver document the damage. Also provide them with your contact information so the police or insurance company can contact you later if needed. Having a witness on hand can really help the victim later on. It isn’t against the law to turn your head and not help out, but it is the right thing to do and a generally accepted social rule to stop and help if you witness an accident.

Get the Auto Coverage You Need Today

If you don’t have auto insurance, we can’t stress enough just how important it is! Give the agents at Carnal-Roberts Insurance Agency a call today to learn more and get a free quote.

Permanent life insurance, sometimes referred to as whole life insurance, is a policy guaranteed to remain in force for the insured’s entire lifetime as long as the premiums are paid. While it serves its purpose of helping your beneficiaries when you pass away, it can also help you financially during your lifetime in several ways.

Fixed Premiums & Tax Free Benefits

The premiums on a whole life insurance policy are usually higher than premiums on term life, but the good news is that whole life premiums are fixed. The premium is based on the age of issue, and they usually do not increase with age. The policyholder either pays premiums until death, or establishes a limited pay policy that can be paid up in 10 to 20 years, or by age 65. The death benefit paid by a whole life insurance policy typically passes on to your beneficiaries income tax-free.

Opportunities for Policy Dividends

When insurance companies experience better-than-expected performance, they sometimes pay whole life insurance policyholders a return of premium. These dividends are never a guarantee, but they can be a nice surprise to increase a policy’s death benefit or cash value! What you receive from the dividends is also not usually considered taxable income, so the reward is 100% yours to keep.

Cash Value

The cash value of a whole life insurance policy makes it valuable to you long before death. A whole life insurance policy allows for accumulation of cash value on a tax deferred basis over time. The policyholder can use this cash value to help cover unexpected expenses, debts, or simply go towards retirement income. Unpaid loans and withdrawals will reduce the cash value and the death benefit, but utilizing this option may be worth it if you find yourself in a tight spot financially.

Get the Coverage You Need Today

Are your beneficiaries protected in the event of your death? If not, it’s time to look into a life insurance policy. The benefits in this blog accompany a whole life insurance policy, but there are multiple coverage options available depending on your needs. Contact the independent agents at Carnal Roberts Insurance in Lexington, TN to get your questions answered and get on the road to great coverage!

We just celebrated the first day of autumn! Whether it’s still 90 degrees where you are, or the leaves are already crunching underfoot, it’s important to remember that winter will be here sooner than we expect it to be. And while some of us look forward to the cold and others dread it, we all have something in common as long as we own a home and belongings: our insurance policies need to be in order before the cold weather hits.

Insure New Home Renovations

If the warm summer weather made you want to roll up your sleeves and make improvements to your house, then you’ll want to reexamine your insurance policy before the winter hits. Depending on what kind of improvement you made, the addition to your home may not be covered under your existing policy. Before the renovation has to stand up against its first winter, check with your agent and make sure your costly project is protected with the right coverage.

Double Check Your Automobile Policy

With an uptick in holiday travel, dreary weather, freezing temperatures, and earlier nightfall, it’s no surprise that car accidents are more likely to occur in the winter. Before the weather takes a turn for the worse, check in on your auto policy and make sure your coverage is ready to handle claims for liability and collision.

While you’re checking up on your automobile coverage, consider checking in on the boat or RV insurance policies, too. If you usually discontinue or downgrade your summer fun policies in the winter, make sure these vehicles are secured from theft and fire as much as possible. Talk to your agent about where you store your boat or RV for the summer, and see what your biggest risk factors are.

Account For an Increase in Personal Property

Summer vacations are a great opportunity to load up on keepsakes, souvenirs, and decor. If your trip this year included purchases like exotic artwork, antiques, jewelry, or something else, you’ll want to use this fall season to check your personal property policy and make sure it has enough coverage to protect these new, one-of-a-kind items.

Independent Insurance Agents in Lexington, Tennessee

Having a lot of property to protect is quite a responsibility, but it is always worth it when something goes wrong. We’re here to help take the stress out of that responsibility, and ensure you’re properly covered all year round. Give Carnal Roberts Insurance Agency a call to go over your policies this fall, so you can cozy up stress-free when winter rolls around.

As dog owners, we love our furry little companions more than anything. Unfortunately, some insurance companies don’t if your pooch falls under certain breed categories. There are a number of breeds that many insurance companies are hesitant to offer coverage for because statistics show that they are more likely to bite and cause injuries. This, of course, can cause problems when it comes time to buy home insurance. Be prepared to work with an independent agent who can shop multiple carriers if you own a full-breed or mix of one of these breeds:

1. Pit Bulls & Staffordshire Terriers
2. Rottweilers
3. Doberman Pinschers
4. Great Danes
5. Perro de Presa Canarios
6. Chow Chows
7. German Sheperds
8. Akitas
9. Alaskan Malimutes
10. Siberian Husky
11. Bull Mastiffs
12. Wolf Hybrids

What to Keep In Mind

The average claim payout for dog bites is $30,000. If you’re found responsible for rehabilitation costs and/or lost wages, not to mention your legal fees, you could quickly find yourself in a lot of financial trouble. Your homeowners policy should include liability coverage, typically starting somewhere around $100,000. If you own a dog that made it on this list, ask your provider how much more it would cost to upgrade that amount to $200,000 or more.

On that same note, some carriers may require you to purchase an umbrella policy if your dog is labeled as an aggressive breed or has a bite history. Whether it is required or not, you may want to consider this additional policy because it raises your liability coverage close to the $1 million mark! Plus, it could come in handy for any incident that occurs on your property, not just dog bites.

Prevention

Every dog is a liability, regardless of its breed. Reduce the likelihood of a dog-related lawsuit by socializing & training your dog early on, playing non-aggressive games, and being aware of your dog’s behavior and removing it from situations it finds stressful. As always, make sure to spay/neuter your dog, heavily supervise it around small children, and keep it securely fenced or on a leash when outside.

Home Insurance in Lexington, Tennessee

If you own one of these breeds, it is going to be more difficult to procure home insurance, especially at a good rate. If you’re in the market for a new home right now, contact Carnal Roberts Insurance Agency to get ahead of the curve and find a company that will insure your home (and your pup) at an affordable rate!