The Celtic ValueOne Health Plan
Provides economical major medical insurance coverage for individuals ages six months to 641/2 and their families. ValueOne works hard for your clients by controlling costs. Celtic partners with nationwide provider and pharmacy networks to offer quality services at reduce fees.
Additional Benefits:
Celtic Comprehensive Major Medical Plans:
Three Plans To Choose From:
CeltiCare Select PPO (Doctor and Hospital Network)
You receive high quality care for the lowest premium by accessing participating providers within the respected PHCS Network. This new physician and hospital PPO plan offers savings on every visit to any network provider with a $10 copay.
CeltiCare "Any Doc" PPO (Hospital Network)
With the CeltiCare "Any Doc" PPO plan you don't have to change doctors to realize the advantage of a low $25 office visit copay. You have the flexibility to choose your own physicians while saving money with preferred rates at prominent hospitals in the nationwide PHCS Network.
CeltiCare Managed Indemnity (No Network)
Offers you traditional, comprehensive major medical insurance with the flexibility to select the doctors and hospitals of your choice.
You can also add on to your plan by selecting the CeltiCare Plus Option with its preventive care coverage, Healthy Lifestyle Program, and Rx Drug card.
All of our plans will offer you high-quality health care. Ted Lewicki of Pillar Financial Corporation can help you pick the plan that is best for you. Visit our site for more information 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
Reverse Mortgage Fact Sheet
1. Definition: A reverse mortgage is a unique financial tool that enables homeowners ages 62 and over to tap into their home's equity, receiving either a monthly income, lump sum of cash or a line of credit. There are no income or credit qualifications and there is no repayment until the homeowner permanently leaves the home. The borrower retains full ownership of the property.
2. Qualifications: Applicant(s) must be at least 62 years of age and must own their home free and clear or nearly free and clear - in many cases borrowers use the reverse mortgage to pay off existing liens or mortgages, which eliminates their monthly loan payments. Borrowers must also live in their home as their primary residence.
Mobile homes have specific requirements that must be met in order to be eligible for reverse mortgages. Please contact us for a list of these requirements. Commercial properties are currently ineligible for reverse mortgages.
3. Determination of Loan Amount: The loan amount is based on the home value, the number and age of the homeowner(s), the current interest rate and the maximum allowable home value.
The maximum allowable home value varies depending on the reverse mortgage program selected. The FHA-Insured Reverse Mortgage Program has limits, called Maximum Claim Amounts, ranging from $132,000 to $239,250. This amount varies by county. The Fannie Mae Home Keeper program has a nationwide limit of $275,000.
4. Counseling: All borrowers are required to receive free counseling from a third-party counseling agency prior to applying for a reverse mortgage. Your local Correspondent Lender has a list of counselors in your area and can refer you to the reverse mortgage counselor nearest you. The counselors often will be willing to do the counseling session over the telephone if you are unable to go to their office.
5. Payment Plans: Reverse mortgage borrowers can choose from several payment plan options:
6. Processing Time: On average it takes 6-8 weeks to process a reverse mortgage.
7. Closing Costs: Most closing costs are financed into the loan. Check with your local reverse mortgage specialist as to how the charges for your appraisal, title insurance, origination fee and recording fees are handled. Your local reverse mortgage specialist will be happy to provide you with a Good Faith Estimate of Closing Costs when they meet with you.
8. Interest Rate: The interest rate charged varies depending on the reverse mortgage program selected by borrower. All programs offer adjustable rates, and have lifetime caps on the maximum allowable rate. Please call your local reverse mortgage specialist for a quote on the current rates.
9. Impact on Income Taxes and Social Security: Proceeds from a reverse mortgage are considered to be a loan, not income. Therefore, the funds received are not subject to income tax and do not affect Social Security Benefits. Borrowers receiving Medicaid or SSI may not be affected if the funds from the reverse mortgage are spent in the month they are received. As always, we recommend you consult your tax advisor for further details.
10. Repayment: The reverse mortgage becomes due and payable at the time the borrower permanently leaves the home. The reverse mortgage can be repaid either from the proceeds of the sale of the property; other liquid assets or the heirs can obtain a conventional mortgage to pay off the reverse mortgage.
The loan balance consists of the financed closing costs, the cash that was advanced to the borrower and any interest that accrued. Remaining equity belongs to the borrower or their heirs. The reverse mortgage is subject to a non-recourse limit, which states that the borrower or their heirs are only required to repay the loan balance or the fair market value of the home, whichever is less.
Ted Lewicki of Pillar Financial Services specializes in reverse mortgages for seniors. He will be happy to come to your home for a relaxed conversation about your options. A reverse mortgage is a type of home equity loan that allows you to convert some of the equity in your home into cash while you retain home ownership. Rather than making a payment to your lender each month, the lender pays you. Unlike conventional home equity loans, most reverse mortgages do not require any repayment of principal, interest, or servicing fees for as long as you live in your home. Funds obtained from a reverse mortgage may be used for any purpose, including health care, housing expenses, taxes and insurance, fuel, and maintenance costs. 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
Whole Life Insurance
Whole Life is a great solution for young adults just beginning an insurance program and families who need protection while saving for the future. Whole life is the most common type of permanent insurance. The premiums generally remain constant over the life of the policy and must be paid periodically in the amount indicated in the policy. As long as the policy remains in force, it provides protection for your "whole life."
Whole Life provides a guaranteed premium for issue ages of 0 to 75, and a face amount as low as $5,000. Most whole life policies provide coverage to age 100. If the insured lives to age 100, then the policy endows with a cash value equal to the face amount of the policy. The cash value can help them with future life events; to pay a mortgage ahead of schedule, finance a college education or supplement a retirement income. Plus, the death-benefit proceeds offers cash at the time when it's most needed. You can also choose to name as your beneficiary a church, college or other charitable organization
Illinois Mutual's whole life policies are participating, which means that dividends credited may be used in three ways: to reduce future premiums; to purchase additional insurance; or to increase policy values by accumulating at interest.
Included is an Accelerated Death Benefit* at no additional premium. This Rider provides access to policy funds for financial needs that arise from a terminal illness.
Ted Lewicki is the president of Pillar Financial Corporation located in Waterford, Michigan. Ted will help you analyze your financial situation and customize a plan that works for your family's life insurance needs. Find out more at 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
Universal Life Insurance
Universal Life is an innovative concept in the life insurance industry for your family and business needs. It combines the advantages of low cost term insurance with current market interest rates and the preferred tax treatment of whole life insurance. Universal Life is a type of permanent insurance, which provides lifelong protection. As long as you pay sufficient premiums, the death benefit will be paid.
As your life changes, a universal life policy can change with you. This policy was developed to give you the ultimate in both life insurance and financial flexibility. You can select the amount of coverage you need or the amount of premium you wish to spend. After the first year the policy is in force, you can adjust the policy death benefit and premium amounts. Universal life allows you, after your initial payment, to pay premiums at any time, in virtually any amount, subject to certain minimums and maximums. You also can reduce or increase the death benefit more easily than under a traditional whole life policy.
You also have the security of permanent protection with the tax-deferred build-up of your policy cash value, which is credited with a competitive current interest rate. You can choose a level death benefit or a death benefit that pays your beneficiary the death proceeds plus the policy cash value. You may add or withdraw cash from your cash value and still maintain your protection.
There are a variety of optional riders and benefits you can add to the policy. Our most commonly sold include the Waiver of Monthly Deduction and/or Waiver of Amount which will keep your policy in force during a period of disability, even though you're not making premium payments. There are also options to increase your face amount without evidence of insurability or options to provide coverage for your spouse and children in the same policy.
Ted Lewicki is the president of Pillar Financial Corporation located in Waterford, Michigan. Ted will help you analyze your financial situation and customize a plan that works for your family's life insurance needs. Find out more at 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
Term Life Insurance
Term insurance, as the name implies, provides protection for a particular term or length of time and therefore pays a benefit only if you die during the term. Term insurance is the lowest premium life insurance product available, since you are purchasing pure life insurance protection. There is no cash value or savings feature.
Illinois Mutual's Term life policy is specifically designed to meet the needs of today's basic life insurance buyer. It offers flexibility, choice and competitive prices. Each term life plan is guaranteed renewable to age 95 and convertible to a permanent policy through the 20th policy year, or Age 70, if earlier.
*Premium guarantees of up to 15 years on the initial premium are also available at an additional cost.
**Premium guarantees of up to 20 years on the initial premium are also available at an additional cost.
Return of Premium Term* Life is ideal for individuals interested in basic Term protection but hesitant to invest in insurance they may not need. By adding the Surrender Benefit Rider to our 15, 20 and 30- year Term life plans, a death benefit is there if you need it. However, if the benefit is not needed, you will receive 100% of the premiums paid, including the rider premium at the end of the term period with a partial premium return beginning at the end of the fifth policy year upon lapse.
As you can see, this offers a win-win solution for you - you get protection if you need it and your money back if you don't. Ted Lewicki is the president of Pillar Financial Corporation located in Waterford, Michigan. Ted will help you analyze your financial situation and customize a plan that works for your family's life insurance needs. Find out more at 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!
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