Services

We have provided some information about the following services we offer. If you would like more information, or have questions about anything you read below, please call us at (847)-297-5511. We will be happy to help address your needs.

• Health Insurance

  Please click on one of the following categories for more information on Health Insurance.
• Group Medical

  Professional Insurance Producers can provide your company with coverage through
   

  • Blue Cross
  • Aetna
  • Humana
  • The Guardian
  • John Alden
  • MetLife
  • Trustmark
  • Unicare
  • United HealthCare

  All of these carriers can offer you the most comprehensive plan as well as High Deductible plans that are compatible with establishing tax free Health Savings Accounts (HSAs). Both PPO and HMO plans are available. Some carriers allow you to offer your employees multiple plan options.

  Just two employees are enough for group health insurance. With the rising costs of health insurance it is important to continuously review your benefits and what they are costing your company. Many new funding arrangements have become available over the last several years that can help your company control costs while still keeping your employees satisfied with the health insurance coverage you are providing them and their families.

  Due to HIPAA (Health Insurance Portability & Accountability Act of 1997), any group that applies for health insurance must be offered coverage. Premium may be increased based on employee's preexisting medical conditions. In the state if Illinois the original premium quoted may be increased no more than 67%. No person applying may be excluded and no medical conditions may be excluded. Pregnancy may never be considered preexisting when a person enrolls in a group health insurance plan.

• Individual Medical

  Individual health insurance now offers many of the "bells and whistles" that were previously only available on group policies. Professional Insurance Producers can quote individual coverage for you and your family with Blue Cross, John Alden, Humana and Unicare.

  Blue Cross/Blue Shield expanded their product line with policies that included office visit copays and prescription cards. They also offer High Deductible Plans that are compatible with establishing tax free Health Savings Accounts (HSAs). Blue Cross is the only individual plan that covers maternity the "same as any other illness". Although the child cannot be born until the insured has been on the policy for 365 days, all claims will then be paid for that delivery. HumanaOne offers maternity benefits with a separate $1,000 deductible and then will only pay 50% with no cap on how much the insured will have to spend. Unicare and John Alden do not offer ternity on their individual policies.

  Individual health insurance differs from group health insurance in that individuals may be declined coverage or their preexisting medical conditions may be excluded even if they are accepted.

• Short Term Medical

  Short Term (Temporary) Health Insurance is for People who are:
   

  • Between jobs or laid off
  • Recent college graduate
  • Waiting for employer-sponsored coverage
  • Temporary or seasonal employee
  • Looking for lower-cost alternative to COBRA

  
  Simple - Coverage can be for as short as 30 days or up to 1 year. You are eligible for this coverage is you are a healthy individual between the ages of 30 days and 64 years, 11 months. Dependent children through age 18 (age 24 if full-time student) may be covered as dependents on their parent’s plan. Foreign residents living in the U.S. for at least one year with proof of Alien Registration Receipt Card or Visa are also eligible.

  Fast - You may have coverage begin almost immediately (date after it is postmarked if mailed or the date after it has been faxed to insurance carrier). You may also select the date you need the coverage to begin.

  Affordable - You design the plan that best meets your needs and budget by selecting the deductible and coinsurance levels.

• Medicare Supplement

  Although Medicare pays some of your doctor and hospital bills, it was never intended to cover all of them. In 2005, the Part A Hospital Deductible is $912 and the Part B Physician's Deductible is $110. You are responsible for 20% of physician's charges and there is no cap on the amount you may have to pay out of pocket. So, a Medicare Supplement makes good sense.

  Blue Cross/Blue Shield is the premier Medicare Supplement and you can apply for one of the 6 Medicare Supplement plans they offer through Professional Insurance Producers. Blue Cross/Blue Shield offers a standard plan as well as their Med-Select Plan that reduces your monthly cost. The Med-Select Plan consists of a hospital network. The hospitals in the network must be utilized or you are responsible for the Part A deductible unless it is an emergency. So, if your hospital is in the network the Med-Select Plan is worth considering.

• Life Insurance

  Professional Insurance Producers can search for the best buy from the best company whether you need term or whole life insurance. Here are a few of the carriers we can quote for you:

  • American General Life
  • Banner Life
  • CNA
  • First Colony
  • GE Life Insurance
  • Jackson Life Insurance
  • John Hancock
  • Kemper
  • MetLife
  • North American Life
  • Prudential
  • Transamerica
  • Travelers Life Insurance

  Whether you are buying this to cover the mortgage on your home, replace the loss of income if a spouse dies prematurely, protect an estate, cover the loss of a key employee or simply cover your "final expenses" we will find the type of policy and the company that works best for your individual needs.
• Disability

  Disability Insurance protects your income. If you suffer a long term disability it may represent not only a loss of income but increased expenses, care and stress. 48% of all home foreclosures are the result of a Long Term Disability. Employers as well as individuals understand the need to obtain health, life and even dental insurance but overlook the importance to replace income due to a disability.

  You do not want to depend on Social Security benefits in the event you become temporarily or permanently disabled.

  We can provide individual or group Long Term Disability Illustration.

• Long Term Care

  You may think that long term care is only for senior citizens. Although long term care may become a necessity due to increased frailty or dementia, you may also have a need for long term care due to an accident, prolonged illness, surgery or a disability that makes .it difficult for you to care for yourself for an extended period of time. Long term care can be therapeutic, rehabilitative or personal care delivered to you at home, in a community-based setting or in a facility.

  Long Term Care Insurance helps you pay for your care and protect your assets by reimbursing you for covered expenses up to the amounts set forth in your policy. And, you decide what those amounts will be. You select the daily benefit, the benefit period, the waiting period before benefits begin (similar to a deductible) and whether you would like inflation protection on your policy.

  Keep in mind - the only time to buy long term case is before you need long term care!.

• Annuities

  An Annuity is simply a contract between you and the insurance company. You invest an amount of money and the insurance company guarantees to pay you a certain return on the investment (interest) much like a Certificate of Deposit (CD). Annuities and C.D.s are both insured investment instruments. So, why would you put your hard earned dollars into an annuity rather than a CD? The biggest reason is the power of tax deferral. Interest earned on a CD or Money Market Account is subject to federal and state income tax in the year earned. Interest earned on an annuity is tax-deferred until it is withdrawn.

  Check out some other advantages of annuities:

  1. Safety of principal
  2. Tax-deferred interest income
  3. Competitive interest rates
  4. Funding for both qualified and nonqualified plans
  5. Guaranteed minimum interest rates
  6. Avoidance of probates
  7. Beneficiary designation
  8. Penalty free withdrawals

  You may select from two types of annuities. The first is a fixed annuity and the second is an Equity Linked Indexed (ELI) annuity. Read on to find out more about each type of annuity and which would work better for you.

• Fixed Annuities

  Fixed annuities have a guaranteed rate of interest Interest rates may be guaranteed for a period of 3 to 10 years. Once the term is up the owner may withdraw all funds penalty free or leave them for another term if the interest rates are still competitive. Many annuities offer bonus interest rates the first year. A fixed annuity may be a single premium or a flexible premium. Flexible premium annuities allow the investor to deposit regularly into the account.

• Equity Linked Index Annuities

  An Equity Linked Indexed (ELI) Annuity is an insurance contract. The return of an ELI annuity is based on the performance of a major index (S & P, N.S.A.D. or the Dow Jones Industrial Average). Unlike the stock indexes, ELI annuities guarantee a minimum return and 100% safety of your principal even if the index goes down. When you purchase an ELI annuity you buy an annuity contract not shares of stock.

  *The most common ELI annuities are Point to Point and Annual Resets. Point to Point ELI annuities base the interest on the difference between the index value at the end of the contract and the index value at the beginning of the contract. If there is no gain or a loss 100% of principal is returned plus a minimum guaranteed interest stated in the contract.

  *Annual Reset ELI annuities credit interest on each anniversary of the policy. If the interest goes up that year the gain is locked in and the index resets for the next year. If there is no gain or a loss your annuity is credited 0 and your principal shows no gain for that year. At the end of the contract the gains for each year are added up.

  ELI annuities offer you an opportunity to reap higher gains than you can on the traditional fixed annuity however the contracts are generally longer for ELI annuities. There are generally surrender charges for the first 9 years of the policy.

  No matter which annuity fits your investment objectives annuities will provide you with the Power of Tax Deferral and Safety of Principal. You can use an annuity to fund an IRA, SEP, 403(b) or to rollover funds from your pension or 401(k) when you retire. Annuities are also great vehicles for nonqualified money (rather than putting it in a CD) because of the power of tax deferral and the avoidance of probate.

  Call our office at (847)-297-5511 for current interest rates on annuities.

• 401k

  Information coming soon.