Pillar Financial Corporation offers more than just mortgages. We offer assurance through finance, investment and retirement product-solutions that can help make sure things you expect to happen, will.
Pillar Financial has the unique distinction of being the home of the original Senior Care Package and Family Care Package.
Senior Care Package:
Family Care Package:
We also do conventional mortgages, reverse mortgages and financial planning.
Ted Lewicki
Pillar Financial Corporation
3129 Dixie Hwy
Waterford, MI 48328
Phone: 248-674-8171
Servicing: Oakland County, Addison Township, Auburn Hills, Berkley, Beverly Hills, Bingham Farms, Birmingham, Bloomfield Township, Clawson, Commerce Township, Farmington, Farmington Hills, Ferndale, Franklin, Hazel Park, Highland Township, Holly, Holly Township, Huntington Woods, Independence Township, Keego Harbor, Lathrup Village, Lyon Township, Madison Heights, Milford, Milford Township, Northville, Novi, Oak Park, Oakland Township, Orchard Lake, Orion Township, Oxford Township, Pleasant Ridge, Pontiac, Rochester, Rochester Hills, Royal Oak,
Southfield, South Lyon, Troy, Walled Lake, Waterford Township, West Bloomfield Township, White Lake Township, Wixom
A-1 Insurance is an independent insurance agency located in Waterford, Michigan. We represent a variety of insurance companies to serve your insurance needs.
Residential:
Automobile Insurance
Boat Insurance
RV Insurance
Motorcycle Insurance
Antique Auto and Boat Insurance
Homeowners Insurance
Health Insurance
Financial Management
Commercial:
Commercial Auto Insurance
Business Liability Insurance
Property Liability Insurance
Business Health Insurance
Worker's Compensation Insurance
Ted Lewicki has been in the insurance and financial management business for nearly 50 years. Call 248-674-0355 or visit http://www.a-oneinsurance.com for a No Hassle Insurance Quote.
A-1 Insurance Agency
3129 Dixie Hwy
Waterford, MI 48328
Phone: 248-674-0355
Email: info@a-oneinsurance.com
Servicing: Oakland County, Addison Township, Auburn Hills, Berkley, Beverly Hills, Bingham Farms, Birmingham, Bloomfield Township, Clawson, Commerce Township, Farmington, Farmington Hills, Ferndale, Franklin, Hazel Park, Highland Township, Holly, Holly Township, Huntington Woods, Independence Township, Keego Harbor, Lathrup Village, Lyon Township, Madison Heights, Milford, Milford Township, Northville, Novi, Oak Park, Oakland Township, Orchard Lake, Orion Township, Oxford Township, Pleasant Ridge, Pontiac, Rochester, Rochester Hills, Royal Oak, Southfield, South Lyon, Troy, Walled Lake, Waterford Township, West Bloomfield Township, White Lake Township, Wixom
Medicare Friendly Income Products
What is an annuity?
Annuity ... from the medieval Latin "Annuitas," meaning "yearly payment." An annuity is an agreement between an individual and an insurance company. An individual pays some amount of money (referred to as a "premium") to an insurance company, which the company later pays back under an agreed-to payment schedule.
One method of receiving income might be a lump sum payment; another might be a guaranteed income to last at least as long as the annuitant lives. Most annuities have a deferral period (the period prior to the time income payments begin). During this deferral period the interest earned on the annuity is free from income tax until withdrawn.
How does an annuity help provide financial security in retirement?
Just a heartbeat ago, the average worker could not expect to live more than a few years past age 65, the normal retirement age. Now any healthy person may reasonably expect to live into his or her late seventies or eighties. Many people still face an uncertain financial future when their regular stream of income stops. Purchasing an annuity to guarantee a regular retirement income can be a highly satisfactory solution.
Single Premium Immediate Annuity Products
Standard Life of Indiana offers two great Single Premium Immediate Annuities: SPIATM and SPIA+TM.
Single Premium Immediate Annuities (SPIA) are purchased with a single lump sum investment of funds. The source of the funds might be life insurance proceeds, an inheritance, a one-time sale of assets, the sale of a business, a distribution from another annuity, or a distribution from a retirement plan. Income generally begins under an SPIA one payment period after the single premium has been paid and the annuity is issued. Income may be deferred under an SPIA, but if it is, the contract usually cannot be surrendered for its cash value, as is possible with deferred annuities.
SPIA's may generally be purchased to pay income on a monthly, quarterly, semi-annual or annual basis. This means that the first income payment will generally occur one month, three months, six months, or one year after issue.
SELECT ANNUITY
With the Select Annuity, the client has the satisfaction of knowing they are earning the highest possible yield, consistent with safety. The initial interest rate is guaranteed for a period as stated on the specifications page of the contract. On each anniversary your client will receive a complete accounting detailing their contributions and their account value.
The Select Annuity has tax-deferred accumulations...tax-favored income for the rest of your client's life, you can only get this from Standard Life!
Saver's 5, 6, 7, 8, 9, or 10TM
A traditional fixed annuity with a fixed year term -- plus a bailout provision. If your renewal rate falls below the safety withdrawal rate (bailout), you may withdraw your entire account value penalty free
Value PlusTM
Traditional annuities offer tax-deferred accumulations and tax-favored income for the rest of the policyholder's life. Traditional annuities bring the satisfaction of earning the highest possible interest rate - consistent with safety.
Value PlusTM: The first tax-deferred annuity to offer a re-entry provision. The re-entry provision allows clients, at the end of the fifth year, and every four years thereafter to "re-enter", or start all over, with current first year bonus and base rates. In addition, the ValuePlus annuity offers both regular and Medicaid-friendly annuitization options at the end of the first contact year.
Guaranteed Five: Overview
Since 1934, Standard Life has been serving people just like your clients all over America. And we're proud to say that our annuity programs are some of the finest you'll find.
With the Guaranteed Rate Annuity, you'll have the satisfaction of knowing that the client is earning the highest possible yield, consistent with safety, on 100% of your initial contributions. Your yield will be guaranteed for the period specified on the contract.
This product is a single premium, tax deferred annuity with a long term interest guarantee and market value adjustment
Equity Income Plus: Overview
EQUITY INCOMETM PLUS ANNUITY
The Equity IncomeTM Plus Annuity is a traditional tax-deferred annuity that will offer you stock market-linked returns with none of the losses...and a 10% annuitization bonus.
At the end of each month after the annuity is issued, and with each subsequent payment, we record the value of the Standard & Poor's® 500 Index. On each one-year anniversary of the policyholder's Equity IncomeTM Plus payment, we compare the average of the 12 monthly values to the value of the S&P 500 Index at the beginning of the payment year. Then the percentage of change is multiplied by the participation rate in effect for the annuity. The resulting percentage rate is the annual interest rate applied to the value of the annuity for the year.
Remember, the Equity IncomeTM Plus Annuity averages its return over the course of a policy year. In a volatile market, averaging may tend to produce higher index increases if the index has risen and fallen substantially between measuring points. This, along with strong guarantees (114% if held for the full 10-year term, assuming no withdrawals), and a guaranteed participation rate make the Equity IncomeTM Plus the product of choice for many financial planners.
For individuals desiring a lifetime income, the Equity IncomeTM Plus will credit them with a 10% annuitization bonus (based on their initial deposit).
The Equity IncomeTM Plus Annuity credits interest once a year at a guaranteed rate of 100% of that year's growth in the monthly average of the Standard & Poor's® 500 Index, less an index adjustment and subject to a maximum rate stated in the contract.
If the S&P 500 Index declines in any given year, the principal and all previous gains are locked in, as along as no withdrawals have been taken.
"A tremendous product to compliment other retirement income."
What are you really earning?
When it comes to interest rates, do you calculate the effects of income taxes?
Taxable investments, like Certificates of Deposit, post their current interest rates without the effect of income taxes.
After - Tax Yields can be significantly less than advertised.
Tax-deferred vehicles, like Annuities, are credited with 100% of their yield because you don't have to pay income tax on annuities until you withdraw the money.
Ted Lewicki can help with all your insurance and financial planning needs. Visit http://www.pillarmortgage.com/ more information and details about his special Family Care Package and Senior Care Package.
Servicing: Oakland County, Addison Township, Auburn Hills, Berkley, Beverly Hills, Bingham Farms, Birmingham, Bloomfield Township, Clawson, Commerce Township, Farmington, Farmington Hills, Ferndale, Franklin, Hazel Park, Highland Township, Holly, Holly Township, Huntington Woods, Independence Township, Keego Harbor, Lathrup Village, Lyon Township, Madison Heights, Milford, Milford Township, Northville, Novi, Oak Park, Oakland Township, Orchard Lake, Orion Township, Oxford Township, Pleasant Ridge, Pontiac, Rochester, Rochester Hills, Royal Oak,
Southfield, South Lyon, Troy, Walled Lake, Waterford Township, West Bloomfield Township, White Lake Township, Wixom
conventional mortgage, reverse mortgage, long-term care, senior care package, family care package, HECM, HECM reverse mortgage, reverse mortgage for seniors, mortgage reverse, mortgage reverse taxes, lender mortgage reverse, calculator mortgage reverse, lender reverse mortgage, Michigan reverse mortgage, home mortgage reverse, aarp mortgage reverse, hud mortgage reverse, seller financing, private mortgage, seniors in foreclosure, distressed property Michigan, jumbo loans, own your home, FHAsecure, refinance real estate, refinance investment property, investment property financing, finance investment property, lower interest rate, interest rate, foreclosure, get out of foreclosure, repair bad credit, restore credit, cash out, cash back at closing, income property, first time buyers, first time home buyer, low income home buyer, credit problems, need cash, finance, refinance, equity, home equity, home equity loan, equity line of credit, insurance, insurance quote, insurance policy, home owners insurance, auto insurance, car insurance, motor cycle insurance, boat insurance, recreational vehicle insurance, health insurance, life insurance, long term care insurance, disability income insurance, annuities, liability insurance, liability coverage, medical insurance, insurance claim, insurance application, adequate insurance coverage
Medicare Supplement
Medicare is a federal health insurance program for people over 65 years of age or better, and certain younger people with disabilities or End-Stage Renal Disease (permanent kidney failure). The program contains 2 parts:
Part A - Hospital Insurance
Part B - Medical Insurance
It pays for much of your health care, but not all of it. You still pay for some costs yourself, unless you buy more insurance. This is where Medicare Supplement policies come to play. We will discuss this issue later on.
Medicare General Enrollment Period is from January 1 through March 31 of each year. You can sign up for Part A or Part B at your local Social Security Administration office. Part B coverage will start on July 1 of that year.
If you did not take Part B when you were first eligible because you or your spouse were working and had group health plan coverage through your or your spouse's employer or union, you can sign up for Part B during a Special Enrollment Period.
You can sign up anytime you are still covered by the employer or union group health plan through your or your spouse's current or active employment, or
Within 8 months of the date when the employer or union group health plan coverage ends, or when the employment ends (whichever is first).
If you are disabled and working (or you have coverage from a working family member), the Special Enrollment Period rules also apply. Most people who sign up for Part B during a Special Enrollment Period do not pay higher premiums. However, if you are eligible, but do not sign up for Part B during the Special Enrollment Period, the cost of Part B may go up.
What is a Medicare Supplement policy and how does it work?
A Medicare Supplement policy is sold by private insurance companies to fill the "gaps" in Original Medicare Plan coverage. In all but three states (Minnesota, Massachusetts, and Wisconsin), there are 10 standardized Medicare Supplement plans called "A" through "J". Each plan has a different set of standard benefits.
When a Medicare Supplement policy is purchased, you pay a premium to the insurance company. As long as you pay your premium, policies bought after 1990 are automatically renewed each year. This means that your coverage continue year after year as long as you pay your premium. You still much pay your monthly Medicare Part B premium.
Question: If I am in the original Medicare Plan, why would I buy Medicare Supplement Insurance?
Answer: Medicare Supplement Insurance may help you lower your out-of-pocket expenses and receive more health insurance coverage.
You may want to buy Medicare Supplement Insurance because the original Medicare program does not pay for all of your health care. There are "gaps" or costs that you must pay. Purchasing a Medicare Supplement Insurance policy may fill these "gaps" or costs.
When you purchase a Medicare Supplement Insurance policy you pay a premium to the insurance company selling the policy. As long as you pay your premium, policies bought after 1990 are automatically renewed each year. This means that your coverage continues year after year as long as you pay your premium. However, you still must pay your monthly Medicare Part B premium.
You do not need to buy a Medicare Supplement policy if you are in a Medicare managed care plan, Private Fee-for-Service plan, Medicare Medical Savings Account plan, or a Religious Fraternal Benefit plan.
In all but three states (Massachusetts, Minnesota, and Wisconsin), you can buy any one of up to 10 standardize Medicare Supplement policies (Plans A through J) that are sold in your state. Each standardized Medicare Supplement policy must cover basic benefits which includes:
Mutual of Omaha and State Mutual sells Plans A, C, D and F.
Question: When is the best time to buy a Medicare Supplement Insurance policy?
Answer: The best time to buy a Medicare Supplement Insurance policy is during your open enrollment period.
Your Medicare Supplement open enrollment period last for 6 months. It begins on the first day of the month in which you are both age 65 or over; and enrolled in Medicare Part B. If you buy a policy during your Medicare open enrollment period, the insurance company must shorten the waiting period for pre-existing conditions by the amount of previous health coverage (creditable coverage) you have.
Question: How can I tell if I am in my Medicare Supplement open enrollment period?
Answer: Your Medicare card shows the dates that your Part A and/or Part B coverage started. If you are age 65 or older, you can figure out whether you are in your Medicare open enrollment period by adding 6 months to the date that your Part B coverage starts. If that date is in the future, you are still in you Medicare open enrollment period. If that date is in the past, you have missed your Medicare open enrollment period.
Question: What situations give me the right to buy a Medicare Supplement policy after my open enrollment period ends?
Answer: There are certain situations involving health coverage changes where you may have the right to buy a Medicare Supplement policy after your open enrollment period ends. These are called "guaranteed issue" rights because insurance companies are required by law to issue you a policy.
For example:
In these conditions, the Medicare insurance company cannot deny you insurance, place conditions on a policy, or charge you more for a policy because of past or current health problems.
Important Note:
If you are under age 65 and disabled or have End-Stage Renal Disease, you may have the right to buy certain Medicare Supplement policies that are sold to people under age 65.
Question: Does the Medicare Supplement Insurance company pay my doctor directly?
Answer: The insurance company will pay your doctor or provider directly when:
When these conditions are met, the Medicare Carrier will process the claim and send it to the Medicare Supplement Insurance company. You Medicare Supplement Insurance company will pay your doctor or provider directly and then send you a notice. If you don't get this notice, you may ask your insurance company for it.
In most cases, Medicare claims are sent directly to the insurance company, even if the doctor does not accept participation agreement.
Question: What happens if the Medicare Supplement Insurance company does not pay my doctor directly?
Answer: If the Medicare Supplement Insurance company does not pay your doctor directly (when the above 3 conditions are met), you should report this to your State Insurance Department.
Question: Can I pay on my own for services that are not covered by Medicare?
Answer: Yes, you may choose to pay on your own for services the original Medicare plan doesn't cover. You are always free to get non-Medicare-covered services on your own if you choose to pay for the service yourself.
Question: Can my Medicare Supplement Insurance company drop me?
Answer: In most cases, no. Medicare policies sold after 1990 are required to be guaranteed renewable. This means that your insurance company must let you renew your Medicare policy unless you do not pay the premiums, you lie, or commit fraud under the policy. There is only one situation where you may lose a Medicare guaranteed renewable policy: if the insurance company goes bankrupt.
In addition, insurance companies may refuse to renew older Medicare Supplement policies that were sold as guaranteed renewable. To do this, an insurance company must decide to cancel all policies of this type sold in your state.
Question: Do I have to switch my older Medicare Supplement policy for one of the newer standardized Medicare Supplement plans?
Answer: No, you do not have to switch your policy.
Question: If I decide to switch my Medicare Supplement policy, and then I change my mind, can I go back to my older Medicare Supplement policy?
Answer: No. If you do switch Medicare Supplement policies, you will not be able to go back to your Medicare Supplement policy if it was sold to you before 1990.
Question: Do I have to have my Medicare Supplement policy for a certain length of time before I can switch to a different Medicare Supplement policy?
Answer: No. However, if had a Medicare Supplement policy for at least 6 months and you decide to switch, your second Medicare Supplement policy generally must cover you for all pre-existing conditions. If you had a Medicare Supplement policy for less than 6 months, the new policy must give you credit for the time you were covered under the older policy. If there is a benefit in the second Medicare Supplement policy that was not in your first policy, the company can make you wait up to 6 months before covering that benefit.
Question: Do I need more than one Medicare Supplement policy?
Answer: No. It is illegal for insurance companies to sell you a second policy. If you already have a Medicare Supplement policy and you want to buy another one, you must sign a statement saying that you plan to cancel your first Medicare Supplement policy. Do not cancel your first policy until the second one is in place, the pre-existing condition waiting period is over, and you decide to keep the second Medicare Supplement policy. You have 30 days to decide if you want to keep the new policy. This is called your free look period.
Important Note:
If you have further questions relating to Medicare Supplement policies, please refer to your 2000 Medicare Supplement Buyer's Guide.
Ted Lewicki can help with all your insurance and financial planning needs. Visit http://www.pillarmortgage.com/ more information and details about his special Family Care Package and Senior Care Package.
Servicing: Oakland County, Addison Township, Auburn Hills, Berkley, Beverly Hills, Bingham Farms, Birmingham, Bloomfield Township, Clawson, Commerce Township, Farmington, Farmington Hills, Ferndale, Franklin, Hazel Park, Highland Township, Holly, Holly Township, Huntington Woods, Independence Township, Keego Harbor, Lathrup Village, Lyon Township, Madison Heights, Milford, Milford Township, Northville, Novi, Oak Park, Oakland Township, Orchard Lake, Orion Township, Oxford Township, Pleasant Ridge, Pontiac, Rochester, Rochester Hills, Royal Oak,
Southfield, South Lyon, Troy, Walled Lake, Waterford Township, West Bloomfield Township, White Lake Township, Wixom
conventional mortgage, reverse mortgage, long-term care, senior care package, family care package, HECM, HECM reverse mortgage, reverse mortgage for seniors, mortgage reverse, mortgage reverse taxes, lender mortgage reverse, calculator mortgage reverse, lender reverse mortgage, Michigan reverse mortgage, home mortgage reverse, aarp mortgage reverse, hud mortgage reverse, seller financing, private mortgage, seniors in foreclosure, distressed property Michigan, jumbo loans, own your home, FHAsecure, refinance real estate, refinance investment property, investment property financing, finance investment property, lower interest rate, interest rate, foreclosure, get out of foreclosure, repair bad credit, restore credit, cash out, cash back at closing, income property, first time buyers, first time home buyer, low income home buyer, credit problems, need cash, finance, refinance, equity, home equity, home equity loan, equity line of credit, insurance, insurance quote, insurance policy, home owners insurance, auto insurance, car insurance, motor cycle insurance, boat insurance, recreational vehicle insurance, health insurance, life insurance, long term care insurance, disability income insurance, annuities, liability insurance, liability coverage, medical insurance, insurance claim, insurance application, adequate insurance coverage
About Medicaid
The Medicaid program provides medical benefits to people who are financially needy. This program is not primarily a program for people who are elderly. Rather, it is for people who are poor. It is not available to seniors under the age of 65, unless they are blind or disabled. However, Medicaid eligibility is important to seniors due to gaps in Medicare coverage. For example, as a result of Medicare's limited nursing home coverage, less than 10 percent of nursing home costs in Michigan are paid by the Medicare program. Due to the high cost of nursing home care, many seniors living in nursing homes need Medicaid to help pay for their care. Medicaid also pays for support services provided to people with disabilities through the Family Independence Agency and the local Community Mental Health system.
The Federal Department of Health and Human Services, the Michigan Department of Community Health and the Family Independence Agency administer Medicaid. The program uses both federal and state funds.
Some people mistakenly believe that any indigent person may qualify for Medicaid. The fact is, that to qualify for the Medicaid program, a person must pass 4 eligibility tests:
(1) Categorical Eligibility: blind, disabled, age 65 or older, SSI recipient, former SSI recipient;
(2) Non-financial Eligibility: Michigan resident, United States Citizen or Alien status, social security number;
(3) Financial Eligibility Requirements: asset poor; income poor;
(4) Procedural Requirements: complete and sign an application form, provide timely proof of eligibility, and report changes in circumstances.
To apply for Medicaid, contact your local Family Independence Agency. There is at least one office in every county. You can pick up an application form ahead of time if you wish. Application can be made at any time.
The financial eligibility requirements of this program are complex and confusing. Medicaid has specific limits on the amount of assets and income you are allowed to keep and still qualify for Medicaid nursing home coverage. Income includes any money or payments you receive such as Social Security benefits pensions, interest, dividends, rent from a tenant, or Veteran's benefits.
An asset is anything that you already own. Medicaid counts some assets toward your eligibility, and exempts others from affecting your eligibility. The most common countable assets are:
(1) cash, savings and checking accounts;
(2) certificates of deposit;
(3) U. S. Savings Bonds;
(4) individual retirement accounts and Keogh plans;
(5) nursing home trust funds;
(6) prepaid funeral contracts which can be cancelled;
(7) trusts (depending on the terms of the trusts);
(8) real estate, or land contracts or mortgages held on real estate;
(9) boats or recreational vehicles; and
(10) stocks, bonds and mutual funds.
A single person can have up to $2,000 in countable assets and still be eligible for Medicaid. In addition, a single person can have assets that are exempt from deter- mining their eligibility for Medicaid. The most common exempt assets are:
If you own an asset jointly with someone else, Medicaid will consider the entire asset to be yours (if the asset is cash, savings and checking accounts and other similar types of assets). If the asset is real estate, you and the other owner(s) will be considered to own equal shares of the property unless the deed states otherwise. Giving away or selling your assets for less than they are worth will affect your eligibility for Medicaid coverage. If you give away assets in order to become eligible for Medicaid, you may be ineligible for Medicaid coverage for a period of time (please note this may not apply if you receive SSI). The period of ineligibility is based on how long the assets could pay for private nursing home costs. This amount is often referred to as the divestment penalty divisor, and in 2003 that amount is $5,043.00. Transferring assets to your spouse or your blind or disabled children, and specific types of trusts will not affect your Medicaid eligibility. If you anticipate applying for Medicaid coverage, you should seek legal counsel before giving away or transferring any of your assets.
There are special asset rules that apply to a married couple when one spouse is in a nursing home (often referred to as the "institutionalized spouse"), and the other spouse is not (often referred to as the "community spouse"). These rules are triggered when a person with a community spouse begins a continuous period of care of at least thirty (30) consecutive days where they have been or are expected to be in a hospital; and or in a long-term care nursing home facility.
The first day of a continuous period of care is called the initial assessment date. At this time an Initial Asset Declaration form will be filled out for the married couple. All of the couple's countable assets will be added together to comprise the initial assessment amount. This amount is then divided by two to produce a "spousal share" upon which Medicaid eligibility is determined.
The community spouse may retain all exempt assets, plus the "community spouse protected resource allowance". This allowance is determined as of the date of the initial assessment. The community spouse resource allowance is generally the greater of the spousal share or $18,123.00, up to a maximum community spouse resource allowance of $90,660.00. These amounts are adjusted annually for inflation, and the numbers referenced here are the 2003 figures.
The spouse in the nursing home will be disqualified from receiving Medicaid until all non-exempt assets and income in excess of the community spouse resource allowance are spent down. Remember that you must also be considered income poor to qualify for Medicaid. Medicaid is intended to be a cost-sharing program; therefore a recipient must pay for a portion of their cost of care.
The amount of income the recipient is required to contribute is called the "patient-pay amount". Subject to the following deductions, all of the person's income must be spent towards the cost of medical and nursing home care:
(1) Payments for health insurance premiums;
(2) Guardianship/Conservatorship expenses up to a maximum of $60.00;
(3) A $30.00 monthly income allowance;
(4) Family and children's allowance which applies when there are other family members legally dependent on the Medicaid recipient; and
(5) The community spouse income allowance (discussed below).
Income from investments solely in the husband's name is considered available solely to the husband. Income from investments in the wife's name is considered available solely to the wife. Income from assets that are held jointly by the husband and wife are divided equally among the spouses. That means the community spouse will be able to keep half of the income from a joint investment. The other half will be used to calculate the patient pay amount.
The spouse in the nursing home can divert income to meet the needs of the community spouse.
This allows the couple to divert enough of the nursing home spouse's income to bring the community spouse's income to a minimum of $1,493.00, with a maximum of $2,267.00 in 2003.
The allowance may also be increased, if the community spouse does not have sufficient income to cover his or her housing costs.
More Information
This is only a brief overview of two important but complex programs. Further information on these topics can be obtained from the following sources:
(1) For information about Medicare, call (313) 225-8317 or 1-800-482-4045;
(2) For information about Medicaid call 1-800-642-3195;
(3) For information about both programs contact your local area agency on aging, or the Michigan Office of Services to the Aging at 1-800-MEDICAR.
Please keep in mind that if you disagree with a decision made in respect to your benefits you may request an appeal. The following resources are available to assist you with additional information, or requesting an appeal:
(1) Michigan's Medicare/Medicaid Assistance Program (MMAP): This is a state- wide health insurance education and counseling program. Direct counseling services are provided over the phone, at senior centers, or through home visits for those with mobility limitations. The telephone number is (517) 374-8230;
(2) The Legal Hot Line for Older Michiganians is available to all Michigan residents 60 years and older, regardless of income. Hot line attorneys determine if callers have a legal problem, give free legal information over the phone, and provide brief services. Problems that cannot be resolved by the hot line are referred to legal aid organizations, pro bono attorneys, or to attorneys in private practice who agree to charge reduced fees. The telephone number is 1-800-347-5297.
To learn about health plans and family financial services visit http://www.pillarmortgage.com/
Servicing: Oakland County, Addison Township, Auburn Hills, Berkley, Beverly Hills, Bingham Farms, Birmingham, Bloomfield Township, Clawson, Commerce Township, Farmington, Farmington Hills, Ferndale, Franklin, Hazel Park, Highland Township, Holly, Holly Township, Huntington Woods, Independence Township, Keego Harbor, Lathrup Village, Lyon Township, Madison Heights, Milford, Milford Township, Northville, Novi, Oak Park, Oakland Township, Orchard Lake, Orion Township, Oxford Township, Pleasant Ridge, Pontiac, Rochester, Rochester Hills, Royal Oak,
Southfield, South Lyon, Troy, Walled Lake, Waterford Township, West Bloomfield Township, White Lake Township, Wixom
conventional mortgage, reverse mortgage, long-term care, senior care package, family care package, HECM, HECM reverse mortgage, reverse mortgage for seniors, mortgage reverse, mortgage reverse taxes, lender mortgage reverse, calculator mortgage reverse, lender reverse mortgage, Michigan reverse mortgage, home mortgage reverse, aarp mortgage reverse, hud mortgage reverse, seller financing, private mortgage, seniors in foreclosure, distressed property Michigan, jumbo loans, own your home, FHAsecure, refinance real estate, refinance investment property, investment property financing, finance investment property, lower interest rate, interest rate, foreclosure, get out of foreclosure, repair bad credit, restore credit, cash out, cash back at closing, income property, first time buyers, first time home buyer, low income home buyer, credit problems, need cash, finance, refinance, equity, home equity, home equity loan, equity line of credit, insurance, insurance quote, insurance policy, home owners insurance, auto insurance, car insurance, motor cycle insurance, boat insurance, recreational vehicle insurance, health insurance, life insurance, long term care insurance, disability income insurance, annuities, liability insurance, liability coverage, medical insurance, insurance claim, insurance application, adequate insurance coverage
We offer more than mortgages; we also offer financial services, investment and retirement products, and all insurance needs including home, car, life, boat, RV, annuties, liability, business and more.
Hi, my name is Ted Lewicki and I have been an insurance agent since 1961. I have been married 37 years with five children and one son in the U.S. Navy. I have been in the same location for 27 years. I also own Pillar Financial Corporation dba Pillar Mortgage, which specializes in reverse mortgages for seniors.
As an Independent Insurance Agency, A-1 Insurance, located in Waterford Michigan, is able to represent a variety of insurance companies to better serve your Insurance needs. For more information click on a link below or call us at 248-674-0355!
Residential CommercialWe are affiliated with Pillar Financial Corporation, providing all your mortgage financial needs including Conventional, FHA, and Home Equity Loans. Pillar also specializes in Reverse Mortgages for seniors age 62 and older, allowing access to equity in their home without a single payment. See www.pillarmortgage.com for further information.
I am the President of Pillar Financial Corporation and have been in the mortgage business for 17 years. I also have 43 years in the insurance business, starting out on a debit in Detroit for Metropolitan Life Insurance Co. Since then I have been an AAA agent for 12 years and have been working as a Farmers Insurance agent for 25 years. I have been working within the community for all of these years dealing face to face with people of all ages and occupations. I am a family man with a wife and 5 children and I can relate to a multitude of scenarios. I have built my reputation on honesty and trust - backed by sincerity, dedication, and plain old hard work. I would be happy to help you define and achieve your financial goals.
Mr. Hutton is 74 years old and his wife is 72 years old. Their home has been appraised at $300,000 and they own it free and clear of mortgage. They qualify for a reverse mortgage and are eligible for a lump sum of cash in the amount of $138,000 or a guaranteed income of $900 per month for as long as they live in their home. If they purchased an annuity with the cash, they would receive $960 per month for the rest of their lives wherever they live. If they choose to receive the money from their reversed mortgage in the line of credit option, the unused portion would grow at the same rate as their loan balance. They would receive the interest earned on a monthly basis ($675) or on an annual basis ($8,400) and still have the $138,000 available as reserve. They can also mix or match those options to provide them with the most appropriate solutions for their needs. Regardless of which option they choose, the reverse mortgage provides several practical options to fund either their long-term care insurance policies or their long-term care services. The Senior CARE Package provides both of the products in one!
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
