Let Cornerstone Insurance Services, LLC help you choose a policy that will fit your individual needs. If the policy expires before the policyholder’s death, the insurance company pays $0. Cornerstone Insurance and Financial Services serves Ocala, Florida and surrounding communities. The cost of term life insurance is relatively lower because it has no value other than guaranteed death benefit. In other words, it has no saving component like a whole life insurance does. linda.capozzoli@cornerstoneifs.com. Cost of living adjustment (COLA) This great alliance was forged from our mutual belief of how customers should be treated. Material presented is believed to be from reliable sources; however, we make no representations as to its accuracy or completeness. We represent a variety of insurance companies, allowing us to find the right company and coverage for your needs. “ We provide Long Term Care policy through Nationwide Financial. The cost of this type of insurance is minimum amount of a premium payment that is needed to maintain the policy active. Unlike term life insurance, you can build up the cash value, earn the guaranteed cash value, and use however you want. All written content on this site is for information purposes only. If the policyholder dies within the policy term, the insurance company pays the face value of the policy. With the dividends, you also have the option to use it to pay the premium. All information and ideas should be discussed in detail with your individual financial professional prior to implementation. All Rights Reserved. It is important to note that there are caps on returns and no guarantees of premium and market returns. One of the biggest expenses personally and in my business is insurance;cars, homes, business property, errors and omissions, business liability, workers comp, etc. Coordination of benefits 3300 SE Lake Weir Ave, Ste 102 We empower you to navigate today’s complex financial world. The COLA increases your disability benefits over time based on the increased cost of living measured by the Consumer Price Index. Let Cornerstone Insurance Services, LLC help you choose a policy that will fit your individual needs. Meeting Daniel Clarke at Cornerstone Preferred Insurance Services was the BEST thing that happened to my family and business. Opinions expressed herein are solely those of Cornerstone Insurance and Financial Services and our editorial staff. In an indexed universal life insurance policy, one part of premium is used toward annual renewable term insurance, and the other portion goes to the cash value of the policy after fees are deducted. If they contact us, provide information, and get quotes from us, you are qualified to receive $20 E-gift card. Bathing / Dressing / Toileting / Transferring to bed or chair / Eating / Continence. When one of the policyholders die, the survived one must continue to pay the premium in order to keep the policy active.Because of the nature of , the purposes of policyholders who purchase this type of insurance are very unique and specific: Advantages of survivorship life insurance: Disability insurance is a type of insurance that provides income when the policyholder becomes unable to work and earn money due to a disability. Collected premiums that is excess of the insurance cost accumulate within the cash value component of the policy. Unauthorized use of the material is prohibited. There is no value other than the guaranteed death benefit. Daniel was able to cut our rates in half…. Ocala, Fl 34471 A well-chosen policy can lessen the impact of some of life’s most common, yet unforeseen perils. daniel.antonov@cornerstoneifs.com Term life insurance promises payment of a stated death benefit during a specified term. Our comprehensive services integrate all aspects of our clients' financial picture in a ... At Cornerstone Insurance and Financial Services, accounting for your long-term care needs is about more than purchasing an insurance policy; it’s about designing a comprehensive strategy to help protect both your wellbeing and your assets. Cornerstone Insurance and Financial Services provides investors custom-tailored strategies to meet short and long-term needs. Also, if you have participating whole life insurance, you can also earn dividends which increased the death benefit and the cash value of the policy. Generally speaking, investor with a large upfront investment seeking options for tax-free retirement matches the benefits of indexed universal life insurance. Also, even though the cash value increased based on the market index, policyholders are safe with guaranteed minimum interest rate even if the market index dives. However, a sufficient accumulated cash value can fill the gap of increasing cost of insurance. Protecting your assets, whether personal, business, or both, is our goal. Your insurance company gives you the right to buy additional insurance at a later time. This clause means that you do not have to pay premiums on the policy after you’re disabled for 90 days. P: 352-209-6114 Cornerstone Insurance offers a wide selection of insurance products and services to answer all of your insurance needs. Located in the Kris Complex A business quote that is new to our agency, provide relevant information, and receive quotes from us. This content is for informational purposes only and should not be used to make any financial decisions. Exclusive rights to this material belongs to GPS. Look through the links below, or contact a member of our team of insurance professionals for more information. The six ADLs are: Return of premium Long term care insurance (LTC) is for anyone who is incapable of performing two of six daily activities and who needs nursing-home care, home-health care, and personal day care due to the inabilities. Cornerstone Insurance Services, Inc. specializes in providing insurance coverage that fits our client’s unique needs, while providing the highest level of service and competitive prices. Indexed universal life policies offer greater potential, flexibility, and tax-free gains. A well-chosen policy can lessen the impact of some of life’s most common, yet unforeseen perils. If the policyholder dies within the specified policy term, the insurance company pays the face value of the policy. Waiver of premium provision They ARE NOT required to become our client in order for you to receive reward! This gives you the right to renew the policy every year without an increase in the premium or a reduction in benefits. Unlike other types of life insurance policies, survivorship life insurance is different in a way that the policies are written on two lives – a wife and a husband. Insurance products and services are offered through Cornerstone Insurance and Financial Services. Cornerstone Business Insurance Ltd is an appointed representative of TEn Insurance Services Ltd which is authorised and regulated by the Financial Conduct Authority. You ... Today, women are more educated and financially empowered than any past generation. Give our contact information (phone number, email) to you friends, families, or you co-workers who could benefit from our services. We’re here to help when you are considering Disability insurance. The amount of benefits you receive from your insurance company is dependent on other benefits you receive because of your disability. The Cornerstone Approach: Employee Benefits & Individual Insurance. The potential insureds have to take into the consideration that despite the benefits of indexed universal life insurance, these policies can be expensive to maintain in case premiums tend to rise sharply. However, if the policyholder dies after the policy the policy expires, there is no benefit. Therefore, the premium is likely to be much less when the policyholder purchases the policy at 18 than he purchases at 55. Cornerstone Insurance and Financial Services and Daniel Antonov are not affiliated with or endorsed by the Social Security Administration or any other government agency. We review our clients’ wills, estate plans/trusts, taxes and insurance. In other words, there is no saving component as found in a whole life insurance. We know insurance can be confusing and overwhelming, which is why we take the extra time to help our clients understand their available options. The cash value is accumulated by interest rate based on increases in an equity index. When compared to whole life insurance, a universal life insurance provides more flexibility. Cornerstone Insurance And Financial Services. While most insurance products are similar in price and function, insurance providers vary when it comes to structuring a policy tailored to you. Corporate Lite theme by … Cornerstone Insurance and Financial Services Term life insurance pays a guaranteed payment of a stated death benefit to the policyholder’s beneficiaries during a specified term. Additional purchase options Make sure they mention your name and contact information. Because of the increase in life expectancy, LTC is encouraged to many elder people. Making strong commitments to our clients and building life-long relationships are tenets of success at Cornerstone Insurance and Financial Services. Our mission is to provide the families and businesses we serve with innovative financial strategies, solutions and planning that result in financial clarity, security and overall financial health. P: 352.502.1637 Snellings Walters Insurance Agency has been proudly serving the Atlanta community for over 50 years. We customize a plan to fit your individual and family needs, as well as the needs of your small or large business.