Wednesday, August 29, 2012

Is your Agent going to Make a Difference or a Donation?

          DIFFERENCE                                             OR                                      DONATION

Today we have a simple blog post for you, with 1 simple question - If you passed away today, as your agent would we be attending your calling hours and handing your family a donation? OR would we get the HONOR of handing them a life insurance check?  NO amount of money will bring you back, BUT having the proper life insurance coverage can ease the burden on your family - think about that - then when your ready give us a call - it would be our honor to help protect you and your family - 

875 Blake Ave, SW
New Philadelphia, Ohio 44663

Monday, August 27, 2012

Social Media......A Powerful tool for you & your agency -

Social media is a powerful tool and it is changing the way in which we (McKinnon Insurance) do business.  Social is giving us the opportunity to connect with our clients (both new and future) in ways which we have never been able to do.

One of the goals of our agency is to be available when YOU need US most.  We are taking it upon our self to open our agency up to you on virtually all available channels.  All of these new "channels" can be directed to our smart phones so if we are open or closed you are able to reach us.

Aside from the traditional "phone" call (330-339-3431) you can also reach us via Facebook, Twitter, Google+, LinkedIn, e-mail (, fax (866-625-4762), and you will also have the direct cell phone number for your agent which you can call or text.

Tragedy does not always strike between the hours of 9 & 5 when we are in the office, and if something happens to you or your family we want you to feel confident that you can reach us.  Our goal is to help you restore your life as quick as possible, and being available 24/7 is our commitment to you.

To hear more about how we are "changing the game" give us a call, and let the staff at McKinnon Insurance show you "the difference."

875 Blake Ave SW
New Philadelphia, Ohio 44663

Wednesday, August 22, 2012

What Happens if I Leave My Minor Child as Beneficiary?

What Happens if I Leave My Minor Child as Beneficiary?

Life insurance is bought with the best intentions of the family as its primary objective.
Most people don’t really give a thought about the beneficiary’s portion of their policy.

In most instances, we name the spouse as the main beneficiary on our life insurance policy.
The majority of insurance companies would also ask that you name a secondary or contingent beneficiary. Most of us think we want to keep it in our immediate family so we name the eldest child or all of the children as contingent beneficiaries. Sound pretty reasonable and straightforward doesn’t it?
What could go wrong? I hate to tell you this, but things could go wrong once you make a wrong move.

Life Insurance Dilemma: Two Scenarios
There are two types of scenarios to consider. This includes homes with two parents and homes with a single parent. With two-parent families, we tend to consider it unlikely that both parents will die simultaneously or within very short periods of each other, but it does happen.
On the other hand, there are many single parents out there and they might be disinclined to name the other spouse as beneficiary. In both instances, the insured parent will likely mark down their child or children as either a contingent or as primary beneficiaries.
Both scenarios can be problematic. First off, did you know that in the majority of states, under aged children cannot be recipients of life insurance benefits until they reach the age of majority, which is normally either 18 or 21 years of age, in most states?
If the children are minors, they will not receive the money until they reach the age of majority. The reason behind this is simple, what would a 14-year old do if they suddenly receive a windfall of a $250,000? Let your own imagination wonder what they would do.
Life insurance is intended to help the surviving children financially, but the law realizes that young people may not be that fiscally responsible.

Life Insurance Beneficiaries: The Court Intervenes
So, what happens? If you haven’t taken the time to name a specific guardian or someone to act as a trustee, the court will do so of their own volition. If you haven’t designated a guardian or trustee, the courts will decide. The person they name to act as guardian could end up being the last person you want to be responsible for the money. Also, the courts could also seriously impose restrictions on how the insurance proceeds will be spent or distributed.
These types of scenarios have led to many severe family financial difficulties and interminable legal squabbles.
How can you avoid this from becoming a problem and ensure that your children are best protected?

Worst Case Scenario: How to Deal with It
The answer is not all that complicated. To guarantee that your children get the best protection in a worst case scenario is to designate someone to act as a both a guardian and trustee of the estate, or to designate someone to act as a guardian and any other person or entity (such as the family lawyer) to act as a trustee.
By setting up a trust for the distribution of the insurance proceeds you can stipulate quite clearly how and for what reasons that money can be accessed for your children until they reach the age of maturity. The provisions and requirements for this may vary somewhat from state to state so you should do some research before you proceed in setting up a trust or designate someone to act as guardian.
A guardian alone may not necessarily be sufficient depending on the laws of the state in which you reside. A guardian may have limited or even no access to funds if a trust or trustee has not been set-up or appointed. To set up a living trust, you might be best advised to talk to a lawyer who specializes in estate law.

Life Insurance Beneficiaries: Just a Minor Problem?
Generally speaking, although your intentions might seem that you have the best interests of the children in mind; it is not advisable to name your children as beneficiaries when you buy a life insurance policy.

If you need more information on this, you can also feel free to ask questions by calling our agency,
McKinnon Insurance, to fully understand the ramifications and problems which might occur when naming your children as either primary or contingent beneficiaries.
Please call us so we can help.

Monday, August 6, 2012

"He's Just a Little Boy" - #EveryField

"He's Just a Little Boy" a poem by the late Chaplain Bob Fox is a simple message that many of us tend to forget - and its a great reminder that we are all just kids "playing a game" - That in life we can not always be winners, but sometimes we fail, sometimes we are not the winner, and the story book finish does not always take place.  What matters in life is how we handle these situations, and more importantly how we teach our children to handle them - I have always been a believer in positive reinforcement and trying to find the good in every situation - We may not believe it now, and it may seem easier to point the finger, but a pat on the back and a few "atta boy's" can make a huge difference in a child's life.

A few months ago I noticed this poem "floating" around Facebook - I believed in the message so much that I took the time to post it to our Facebook account (McKinnon Insurance) - Within moments there were hundreds of likes, comments, and shares of this simple, but meaningful poem - I took it upon my self to reach out to Ryon Harms, Director of Social Media for Farmers Insurance - I asked him to look at the activity that this post was getting - after a few attempts Ryon pulled it up - After seeing the viral affect this had he asked if he could post this on the Farmers Insurance corporate Facebook page - "sure I said" - within seconds there were thousands of likes, comments, & shares and a trend that had started on our page carried over - There was also a common comment on both of our pages, one that was overwhelmingly asking for these signs to be posted across American on all Little League Baseball Fields -

After some discussion Ryon presented me with the idea of having 500 of these signs made and distributed to local communities all over the US - I thought this was an AWESOME idea - to think something that started on Facebook, could really start to make a difference in the life's of kids -

So Ryon and I talked and he did his homework on the back end and he along with Farmers Insurance were ready to move forward with this plan - So when Ryon and I talked next I said "we are trying to get these signs, into the local communities, through our local agents, why not keep this a local project and let a small town Farmers Client make these for us" - Ryon was on board, asked who I had in mind and if I could connect them - Sure - Jim Dawson with Synergy Signs and Graphics LLC, in Strasburg Ohio - he's our man - Loyal Farmers client, as skilled as they come, and loves being part of the local community and giving back - Ryon again went to work with Jim and Farmers Home Office and the deal was struck - 500 signs to be made -

Our next move was to make people aware of the signs being made and to see who wanted them - Farmers posted an application on their corporate page for "fans" to request a sign - More or less instantly the signs were "sold out" and we actually had received nearly 1,500 requests - Next thing you know our 500 sign project turned into 1,500 -

The other good news about this project is that I am friends with Denny Trimmer from Solid Rock Photos here in Dover Ohio - Denny was willing to help us photograph the process - From the signs being made, to the first one being hung in Strasburg, Ohio Denny helped us to capture it all - at one point he even helped us produce a video where we were talking about the project and where the signs could be found -

All in all this has been an awesome experience thus far - a simple Facebook post that went viral is giving us a voice to make a difference - Thanks to John Delcoma & Strasburg for allowing us to hang the first sign on Strasburg Franklin Park's field #3 - hopefully this changes the opinion of parents, and little league ball players all over the country -

As I said in my original posts - "A pat on the back can go a long way." Thank you to everyone for your support - here is a look at the original poem -

He Is Just a Little Boy
By Chaplain Bob Fox

He stands at the plate
with his heart pounding fast.
The bases are loaded,
the die has been cast.
Mom and Dad cannot help him,
he stands all alone.
A hit at this moment
would send his team home.
The ball meets the plate,
he swings and he misses.
There's a groan from the crowd,
with some boos and some hisses.
A thoughtless voice cries,
"Strike out the bum."
Tears fill his eyes,
the game's no longer fun.
So open up your heart
and give him a break,
for it's moments like this,
a man you can make.
Please keep this in mind
when you hear someone forget,
He is just a little boy,
and not a man yet.

Friday, August 3, 2012

Who Pays???

If your neighbors tree, which is alive and healthy falls on your house
 who's insurance is responsible to pay - 

It depends on the condition of the tree - 
if the tree is dead / has dead limbs and the owner of the tree is aware, 
and or you had made the homeowner aware of the issue and it falls on your 
house then it would go off of the neighbor if they ...
neglected the tree - however if it is a perfectly healthy tree and its falls
on your house, then it is on you as the neighbor was not negligent in
any way and it is considered an act of God -
agree or disagree this is way the way it always plays out - 
we have 3-4 clients going through this right now -
Neighbor had healthy tree, storms blew it onto their house -
we pay out not the neighbor.