Figuring out a financial plan for your future is very important. One part of a financial plan that always needs to be considered is your life insurance needs. While many younger individuals in the Evergreen Park, IL area will purchase life insurance when they are young, there are benefits to getting it when you are old as well. In fact, life insurance could be used to create a tax-free retirement for either yourself, your spouse, or your dependents.

1035 Exchange

One method that you can follow that could help you to turn your life insurance policy into a tax-free retirement would be to get a 1035 Exchange. With this program, you will be able to convert the cash value of your whole life policy into an annuity. Depending on the annuity that you get, you can either tax defer this capital or get a tax free annuity entirely. This could help to drastically reduce your long-term tax liability. 

Collect Benefits

Life insurance can also provide a tax-free retirement for your dependent or spouse if they collect on the policy. If you were to pass away during the time of the policy, the insurance proceeds received will be available to the beneficiary. Any funds that are received will not be taxed by any taxing authority. 

If you would like to learn more about how you could use life insurance to create a tax-free retirement strategy, speaking with the Martin Insurance team would be a great option. The Martin Insurance Team excels at helping Evergreen Park, IL area residents develop long-term financial plans and strategies by incorporating life insurance. They could then help you to create a plan and strategy that is right for your situation. 

Health insurance is a complex subject that can be quite intimidating for the average person to understand. Nevertheless, everybody needs adequate health insurance coverage. A helpful way to face the daunting task of choosing health insurance is to work closely with your agent at Martin Insurance Team, serving Evergreen Park, IL and the surrounding communities.

Here is some terminology to learn that will help with your understanding of health insurance options:

• Health Maintenance Organization (HMO) — An HMO requires the insured person to visit their facilities to receive health care from the HMO providers.
• Preferred Provider Organization (PPO) — A PPO has a database of providers that are approved in the PPO’s network A patient can access the services from any of the approved providers.
• Out-of-Network — In an emergency, coverage may be approved on a case-by-case basis for a person who is not able to see a PPO-approved health care practitioner.
• Personal Physician — Some people prefer to visit their personal physician. This requires special coverage.
• Deductible — This is the amount that is the patient’s responsibility to pay on a covered insurance claim.
• Co-pay — This is the amount a patient must pay for each visit when accessing health care services.
• Pre-Existing Conditions — This is a medical condition that a patient had before being covered by a new health insurance policy
• Waiting Period — This may exist in health insurance policies and requires a minimum period before a patient can access certain treatments and health care.
• Prescription Drug Coverage — This pays some cost for medications. The patient also usually has to make a co-pay for their prescriptions.
• Preventative Care — Some health insurance plans include preventative care such as an annual checkup and other healthy-lifestyle support programs.
• Exclusions — These are things not covered by insurance. Ask your agent to explain this carefully.
• Lifetime Limits — Some policies have a maximum amount that they will pay for claims over the life of a person.

Talk with your agent about all the details of health insurance to make sure you clearly understand them. Contact your agent at Martin Insurance Team in Evergreen Park, IL by calling us to get a quote for health insurance or to review existing coverage to make sure it is adequate.

For people in the Evergreen Park, IL area, having proper personal insurance is very important. While most people will understand their needs when it comes to health, home, and auto insurance, there other types of consumer insurance that could prove to be very valuable. One additional type of insurance that you should consider getting is disability insurance. There are several things that you need to know about disability insurance when you are shopping for a new policy. 

Extremely Valuable

Disability insurance is a very valuable part of overall personal insurance. This type of insurance is extremely important as it will help to provide you with protection during your time of need. If you are ever involved in an accident, become ill, or are otherwise not able to do your job, your disability insurance will kick in. This will help to ensure that you have access to money even if you are not able to work.

Flexible Options

Another advantage of disability insurance is that it comes with very flexible terms. When you are shopping for a disability insurance policy, you will find that you can choose a policy that is curtailed to meet your needs and replace your income. This means that anyone will get access to the coverage that they need to properly protect themselves and their families during a challenging situation. 

Choosing the right disability insurance policy is a very big decision. When you are looking to choose a disability insurance policy, you should reach out to the Martin Insurance Team. The Martin Insurance Team can answer all of your questions when it comes to picking a disability insurance policy. They can then help anyone in the Evergreen Park, IL area get into a policy that provides the right coverage. 

If you own or manage a fleet of vehicles used for the transportation of goods, you are likely to have commercial vehicle insurance to cover your entire fleet in the most effective way possible. Another consideration is transportation insurance, also known as cargo transportation insurance. This insurance protects against the risk of damage or loss for goods in transit caused by accidents and natural disasters.

Business owners who frequently ship goods can benefit from transportation insurance as well. Fleet managers who manage in-house transportation of company-to-company transfers of products and parts are wise to use fleet transportation insurance to provide adequate protection for risks to the cargo.

Work with your agent at Martin Insurance Team, serving Evergreen Park, IL and the nearby area, to design a transportation insurance plan that provides adequate coverage and is an integral part of the long-term business strategy

Variable Cargo Values

With your agent discuss the variable range of cargo values to design a transportation insurance plan that provides the basic coverage needed and can add custom coverage as necessary.

Some plans do this by categorizing the cargo values per fully-loaded vehicle at various levels of coverage. The higher the level of value, the more the policy limit is increased for cargo that is more valuable.

Managing these levels of coverage in real-time may improve the process efficiency of insurance coverage by having the level needed for each shipment as appropriate.

Empty Runs

Another thing to discuss with your agent is the flexibility of transportation insurance when it comes to empty runs that carry no cargo that needs to be insured.

Summary

The goal of the fleet management of transportation insurance is to have the coverage needed, when it is needed, without over or under coverage, in order to be cost-efficient in achieving adequate protection. Call to have a commercial vehicle insurance review and get a quote for transportation insurance from your agent at Martin Insurance Team in Evergreen Park, IL.

Martin Insurance Team wants you to enjoy riding your motorcycle around Evergreen Park, IL and the rest of the state, so we want your motorcycle to last. Regular maintenance reduces your need to file claims. It can also help insure that when you need to file a claim due to an accident because of wear and tear contributed to the damage, insurance will not pay.
1.    Install a rear stand if your bike did not come with one. They will help you if you need to work on the drive chain or bike tires.
2.    Like owning a car, you need to change the oil regularly to protect the engine from overheating and part wear and tear.
3.    At each oil change, check for leaks.
4.    Check the tire pressure before you ride. Fill the tires to the appropriate PSI.
5.    Change the tires when the wear indicators show it is needed. 
6.    Insect your brakes, checking the brake pads and fluid. Also, check for leaks.
7.    Check your bearings since that could be what you are hearing if you notice an extra rumble when you ride.
8.    Lubricate your drive chain and make sure it is tight. The lubrication keeps it from binding up.
9.    Check your headlights and brake lights. Make sure the bulbs burn brightly and check the housing for cracks.

Visit Martin Insurance Team of Evergreen Park, IL to learn more about motorcycle maintenance and to check your insurance policy. Riding safely on Illinois roads also requires appropriate levels of insurance. Let us help you plan a policy that protects your investment while you ride the roads. 

When you own a home, protecting the content is very important. Your personal items may have sentimental value but they may also have financial value. If something happens to your home, you will want to be able to replace the contents. In order to get the correct value of your contents, you have to have the right policy with the right coverage. An inventory can also be very helpful. If you live in Evergreen Park, IL the Martin Insurance Team can help you to understand the ins and outs of a home inventory. 

Begin your inventory one room at a time. Write a detailed description of every single item. Write down a serial number for all items where this is applicable. With electronics and appliances, also write down the model number. If you have a sales slip for the item, this should be placed with the inventory. If you bought the item on sale, you need to know the replacement cost just in case it doesn’t happen to be on sale at the time of your loss. If you have expensive jewelry or antiques, you should have an appraisal of the items. 

Taking pictures of some of your more valuable possession is a very good idea. Don’t forget all the smaller items, imagine having to replace all your Christmas decorations or all of your kitchen implements. Take your time and include everything and then, and this is very important, put your inventory in a safe place. 

When it comes to creating your home inventory, you want to make sure that you include all the things that are of value. If you are in the Evergreen Park, IL area, why not stop by or give the office of Martin Insurance Team a call or visit our website. Our knowledgeable agents will be delighted to give you a no-obligation home insurance quote and answer any questions you may have. 

Are you new to purchasing auto insurance for yourself? Or has something changed in your life that changes your insurance and you are not sure about how to go about addressing it on your insurance policy? We take the confusion out of purchasing and keeping your vehicles covered for your protection and to abide by the laws in Evergreen Park, IL. 

Auto Insurance Can Be Simple to Purchase and Easy to Maintain 

Even if your life has had some major changes since you last purchased auto insurance, such as a new baby, a new state, a new financial situation, a marriage, or even a divorce, we can still make sure your insurance experience is straight-forward and no hassle. 

If you have never purchased insurance before due to your age, driving experience, or another reason, no worries we have your back and will walk you through the process easily. 

First, call our office or simply click "Get a quote" on our site. We will call you back if you click the button and you can discuss your insurance options with a representative. You should have your drivers license or state ID, vehicle information, and a few moments to talk to our agent. Once you have the coverage you desire you will be issued cards to prove it immediately. Then you only need to keep the premiums paid and you will not have to even think about insurance again until you need it. It really is that simple.

Our agents are trained to handle whatever situation life throws at you, so call our office and tell us your situation, and we will tell you the coverage you need for your vehicle at great rates. We serve Illinois with auto insurance and more. 

If you are looking for a way to get retirement insurance that is tax-free, and you are in the Evergreen Park, IL area, you will want to talk to the Martin Insurance Team. There are a number of life insurance options that can offer you tax-free saving that can then be used in retirement. But you want to use these programs the right way, or you could end up without as much value in them as you were expecting. Here are some of the main things you need to know about this type of insurance, so you can make an informed choice.

Getting Tax Free Benefits Can Help You Feel More Secure

Paying taxes is not always fun, but it is necessary for most people. As you move into retirement, though, your income will generally be lower. With that in mind, you will want to focus on having fewer expenses. One of those expenses can be your taxes, and if you have tax free retirement insurance you could pay less money every year.

Life Insurance Has Tax Free Retirement Options

Many people use life insurance as a way to get tax free money in retirement. That is because some whole life plans come with the option to get cash out of the policy after you pay on it for a certain length of time. Before doing this, though, you want to make sure you are handling the proceeds the right way. It is very important to work with knowledgeable professionals to avoid tax penalties.

Working With a Trusted Agent Matters

By contacting us at the Martin Insurance Team today, we can help you and many other people in the Evergreen Park, IL area get the tax free retirement insurance they are looking for. Then you can have peace of mind, knowing that you understand your options correctly.

In Evergreen Park, IL, the agents of Martin Insurance Team are able to assist their clients in getting the disability insurance benefits they need when they can no longer work. The disability process takes time and you need to have the proper documentation to prove your claim.

Medical Documentation

Medical records are needed to prove that your medical condition exists and is severe enough that you can no longer function in the workplace. A medical diagnosis is that proves your condition has an adverse effect on your ability to work is one of the biggest factors in determining visibility. 

Inability to Perform Daily Tasks

Another factor is the inability to perform basic tasks that are needed to function in daily life. This can include preparing meals, caring for your environment, basic health and hygiene tasks like bathing or taking necessary medications. In many cases, this is grounds for immediate approval if based on a doctor’s recommendation. 

Inability to Perform Job-Specific Tasks

The inability to perform job-specific tasks that are associated with your career is also a factor. If it is determined that you can no longer function at your chosen profession and cannot successfully be trained for another job, you may be eligible for disability. 

Residents who live in the Evergreen Park, IL area are encouraged to call the agents at Martin Insurance Team if they have questions about disability and whether or not they may qualify. Schedule a consultation today and get the answers to your questions. They will guide you through the process so that you can move forward with your life. Get the peace of mind you deserve!

At the Martin Insurance Team, we know that it can sometimes be a bit difficult for Evergreen Park, IL residents to choose between high or low health insurance deductible. Here are three tips for choosing the right health insurance deductible for your needs.

Tip #1: Consider Your Current Health

The first thing to consider is your current health. While having insurance is great in case you have a sudden accident, it is important to take into account your general medical state first. Most people who rarely become ill should consider a higher deductible than those with chronic health problems.

Tip #2: Think About Family Planning

Are you currently pregnant or planning to have children within the next year? If so, you’ll want to think about having a lower health insurance deductible. Pregnancy comes with many types of prenatal care appointments and lab testing that can add up quickly—even before the delivery!

Tip #3: Look at Your List of Prescription Medications

It’s also important to look at your list of prescription medications before choosing a health insurance deductible. If you currently take numerous medications or those that cannot be ordered generic, it might be a good idea to consider a low deductible health insurance plan.

Of course, these aren’t the only things to consider when selecting health insurance coverage. You’ll also want to look at other aspects, such as maximum out-of-pocket cost and whether certain routine or preventative services are covered. In many instances, this can be a great way to save money without having to pay more than you have to for coverage.

Need further advice on choosing the right health insurance plan for your needs? The Martin Insurance team can help! Contact us today to schedule a no-obligation coverage review at our Evergreen Park, IL location.