Premier Insurance Services Wisconsin
Elkhorn Office: 262-741-3020  •  Racine Office: 262-884-6570  •  Map / Directions
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Frequently Asked Questions:
Health & Life Insurance

  1. How can I select the right company and be assured the coverage will be there
    when I need it?
  2. HMO, PPO, POS... What type of plan should I buy?
  3. Deductibles, Coinsurance, Out of Pocket Maximum... What does all of this mean
    and what should I have?
  4. How should I finance my health plan?
  5. How can I be assured that I'll get the coverage I need?
  6. How much insurance do I need?
  7. What about Rules of Thumb?
  8. How much will I save?
  9. What kind of Insurance is right for me?
  10. Will you be there when I need you?

  1. How can I select the right company and be assured the coverage will be there when I need it?
    Our account executives have multiple carriers to choose from. When you work with them, they will listen to what your needs are and help you find the carrier that can offer the best coverage and product that suits your needs.

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  2. HMO, PPO, POS... What type of plan should I buy?
    Our staff can help explain the similarities and differences in each of these plans. They can assist you on determining which type of plan would suit your needs.

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  3. Deductibles, Coinsurance, Out of Pocket Maximum... What does all of this mean and what should I have?
    This depends on your needs. Let us help you work through determining what products, deductibles etc. are right for you. When purchasing health insurance, you need to know in the event that a medical misfortune takes place what your portion of the expenses will be.

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  4. How should I finance my health plan?
    Should I be fully insured, partially insured, self-funded with stop loss or just self funded? Consult one of our specialists. They have years of experience assisting individuals and employers choose what options are the best for their medical and financial needs.

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  5. How can I be assured that I'll get the coverage I need?
    Premier represents many of the top life insurance companies available and currently provides coverage for many families and businesses. We have been providing life coverage for many years and can help you select the right kind and amount to purchase.

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  6. How much insurance do I need?
    It sometimes is not easy to determine just how much life insurance is needed. It's important to buy enough so your family is protected, but you don't want to overpay for insurance you may not need. At Premier, our trusted professionals can help you determine the amount of coverage needed.

    One approach that has been used in the financial services industry for many years is called the Life Insurance Needs Analysis. This approach is based on replacing an amount of income needed for your surviving spouse and children.

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  7. What about Rules of Thumb?
    The rule of thumb method is simply based on a multiple of your annual income. Since your financial situation is specific to you and different from your neighbor, there is no "rule of thumb" that can tell you with any certainty how much life insurance you should own.

    You may have also considered buying only enough life insurance to cover a mortgage or other outstanding debt. While mortgage life insurance will pay off your mortgage, it will not provide a dependable income for your family.

    One of our trained specialists will assist you to determine what coverage amount is suitable for your specific needs.

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  8. How much will I save?
    Once we determine the amount of coverage that suits your needs, we will complete a rate comparison with all of the top carriers to provide you with the lowest rate available.

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  9. What kind of Insurance is right for me?
    There are two basic types of life insurance available on the market today: Term Life Insurance and Permanent Insurance. Which one is for you? It may depend on how long you need the coverage for. If you have a temporary protection need, Term Life Insurance may be appropriate. If you expect to need life insurance for a longer duration, even for your lifetime, then you should consider Permanent Life Insurance.

    Term Life Insurance: is often the choice for families as it costs less and the time needed can be determined based on how long it will be before the kids finish school and are then out on their own. Term Life Insurance is intended for a specific period of time. Term Life Insurance offers the lowest initial premium expense. If your needs exceed the time specified in the term policy then permanent insurance may be an important option to consider.

    Permanent Life Insurance: is intended to provide life insurance protection for an extended duration, even for your entire lifetime. Permanent Life Insurance offers guaranteed premiums and guaranteed cash values (accumulated as a result of your premiums). Some types can offer you cash value growth driven by the equity markets. While the premiums are higher than you initially would pay for the comparable amount of term insurance, over time the permanent life insurance cost may be lower than term insurance when your needs are for an extended period or for your lifetime.

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  10. Will you be there when I need you?
    You can call us toll free any place any time 800-477-7350. Most calls are during our regular business hours from 8:00 AM to 5:00 PM Monday through Thursday and 8:00 AM to 4:00 PM Friday. We really are available 24 hours per day with our after hours service for claims and policy changes.

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Premier Racine Office:
Phone: 262-884-6570
Fax: 262-884-7509
GET DIRECTIONS
Premier Elkhorn Office:
Phone: 262-741-3020
Fax: 262-723-8690
GET DIRECTIONS
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