Tamekia Mckinnie, Life Insurance Agent
Tamekia Mckinnie
All Health, Life & Legacy Insurance
Life Insurance Agent Licensed in FL
Contact Details
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Location
Chipley, FL
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Website
Tamekia Can Help With:
About Me
Hello, I'm Tamekia, your neighborhood life insurance advisor. Protecting loved ones is one of life's most important decisions, and I specialize in finding plans that fit your needs and your budget. Let me handle the research while you focus on what matters most — your family.
Q&A with Tamekia Mckinnie
Can you have multiple life insurance policies from different companies?
Answer: You can have more than one policy. Some companies do have limits on how much but one way to get around that is to add several types of policies- IUL. WL. TERM plus Cancer, Chronic, Accidental, Hospital Indemnity-LTC etc all are types of plans available. So Stack!! You can have what is affordable!
What questions should a first-time life insurance buyer ask their agent?
Answer: How long will this last!? Term ends at a term, so how much will I pay if I want to extend ? If I want to increase, how do I do that? Does this increase in value ? Does this go up in price over the years?
How do I know if my life insurance company is financially stable?
Answer: There is a rating assigned to each companies performance. Past performance indicators are strong when A plus or and A is the letter grade- and likewise a D might be more telling. Of course there are not full guarantees or absolutes and many companies have failed in the past or been acquired- so their track record and reputation is a great indicator.
How do you help a client decide between term and whole life insurance?
Answer: I recommend both. Term is less expensive but it doesn’t last as long as WL. WL has benefits of being there once the term ends. It is most affordable while we are young and healthy- and you don’t have a whole lot of it at ages 70-100, so get enough for your legacy goals by balancing both types. IUL is like a Hybrid of them both and has some strong features and benefits to consider as an alternative strategy also combined with WL. If you can’t afford what you want, remember some thousands are better than no thousands and nobody knows from the payout if it was Term or Perm. But if you don’t pay, they won’t pay- so get what you can actually and realistically pay. Also WL can be paid in lump sums or in a time frame, still lasting the whole life, I think people miss on this option, but it makes sense to just have, what if you live to be as old as Moses, 120, WL will always be there!
What happens if my life insurance claim is denied?
Answer: There are few exclusions to deny right out, so if the contracts stipulations weren’t met it’s more likely to be because of those exclusions- suicide is one and misrepresentations like age or gender are others, and most importantly criminal activity- all of which the insurance company won’t pay- if they get the payment every month as agreed and there aren’t any major exclusions reported then they will pay.
What should you do with your life insurance policy when you retire?
Answer: People really need to consider portable, private life insurance aside from the work coverage- when we retire at Full Retirement Age of 67-70 we aren’t as young and healthy as we were when we first started working at 18. The insurance from the job doesn’t come with you when you leave, sure the insurance may offer you something but it won’t be what you once paid and it will be at the new age and health rating. There are some ways to protect you like guarantee insurability riders but typically it’s higher and out of the affordability range for retired fixed incomes. Put something in place now that won’t go up and doesn’t matter if your work or not, it’s still in place!
How do I find a trustworthy life insurance agent in my area?
Answer: For one, you should call them, they should not be calling you or having a robot confuse you. But for my family I preferred seeing and connecting to our agent/ advisor. My mother and grandparents all felt more at ease with a person they could understand, and could relate to. As a local agent, I see more often the confidence and security my clients have because I was able to meet them where they were or somewhere in town they felt most comfortable!!
Can I reinstate a lapsed life insurance policy?
Answer: The company will have a no lapse rider, and a reinstatement period, but non -payment after a certain time still has to be discussed and agreed upon. Short answer yes, but it might take a call or two.
How much of my monthly income should go toward life insurance premiums?
Answer: Depending on what you’d like this policy to accomplish. There is a website called Lifehappens, and there the calculations of appropriate coverage levels are outlined based on needs, budgets, and expenses. Short answer: relative to the funeral, and to ensure the family is not displaced- it still has to be affordable. If you can’t pay or don’t pay, the insurance company won’t pay either, in accordance with the policy terms.