Tamekia Mckinnie, Life Insurance Agent

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!

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?

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.

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!

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.

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!

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!!

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.

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.

Answer: You can insure your child as early as 15 days old, this is even before they go to their wellness check up in many cases. Far before they screen for any sicknesses or conditions, which means the life is insured for their whole life at the very beginning! Being insured without ever having had a medical screening means no matter what comes up, they are insured as long as that policy remains in force (paid as agreed).

At certain ages the policy can be increased - to add more death benefit or features again all without medical considerations!

There is a single premium option or 10 or 20 pay- meaning a policy can be paid for in one full payment up front and be considered an asset for collateral- the 10 or 20 means it can be paid up long before you’ve passed on and to ensure it it done!

I urge all parents and grandparents to have this- because it is peace of mind and love in action!

Answer: Insurance is more about health and age, if you pay the premiums they will pay the death benefit as agreed! They don’t do a credit check they do a RX check !

Answer: Index Universal has more benefits than a term, comparable in pricing but not the same at all with regards to length or death benefits.

Term ends at the end of the agreed term-

This typically is written for a small monthly or annual premium and the death benefit is coverage needed for a time period where real cost and expenses are higher than a typical burial plan would be.

At the end of the day, at the funeral home, no one knows if the beneficiaries had term or perm. But the living benefits are what set the IUL apart from term. For many years but term and invest the rest was a recommendation from Susie and Dave- but there wasn’t a solution- the IUL offers this solution.

Many come with living benefits and cash value that is accessible unlike the term competitor.

Only it’s not full Whole life, so provided the indexes results and the payor’s commitment to keeping up with the payments- it can be a solution.