Pillar Financial Corporation offers a unique package we call the Family Care Package and includes the following:
- Individual Health Care Plans
- Group Health Care
- Family Life Insurance
- Family Health Care
- Individual Disability Coverage
- Group Disability Insurance
- Group Retirement Plans
Family Security Fund
The Illinois Mutual Family Security Fund provides a cash lump sum payment at the time of death of the Insured plus monthly payments over a 20-year period plus a final lump sum payment after the monthly payments end.
The initial death benefit is provided by a term life insurance policy underwritten by Illinois Mutual Life Insurance Company.
The premiums are guaranteed level for 20 years and thereafter increase annually to age 95. There are no cash values under the term plan. The Monthly Benefit Rider provides the Family Security Fund benefits and the Deferred Benefit Rider in addition to the Surrender Benefit Rider is optional at an additional premium.
Under current tax laws, the initial death benefit payment to the beneficiary is received income tax free. A portion of both the 20-year monthly benefit and the final death benefit will be taxed as ordinary income to the beneficiary in the year of receipt. Please consult your tax advisor.
At Pillar Financial, we understand you want your family to be financially prepared for the unexpected. With Illinois Mutual, you have peace of mind - innovative solutions giving you ...
with life.
Security
You work hard so that your family can enjoy a comfortable lifestyle. Planning ahead to secure their future is important to you because they depend on you as a provider. With Illinois Mutual's Family Security Fund, you'll rest easy knowing your family is financially prepared for the unexpected.
This innovative life insurance plan gives you the ability to provide a death benefit, on-going monthly income for 20 years and a final lump sum benefit at the end of that 20 years.
Illinois Mutual understands how you live. We design flexible life insurance solutions that take care of your family - even when you're not there.
"With the Family Security Fund, I am to continue my family's current standard of living."
planning
How the Family Security Fund works
$1,000/mo
Monthly Cash Payment for 20 Years
$100,000
Final Lump Sum Cash Payment
$440,000 Total Benefit Amount Your
family will receive an immediate life insurance cash payment upon your death that can be used to pay off large debts. After your family has received their immediate cash payment, a monthly cash payment is paid without interruption, guaranteed for 20 years. A final lump sum will be paid at completion of the 20 year monthly benefit period.
The initial death benefit, monthly payment for 20 years, and final lump sum payment provides a total benefit amount.
$100,000
Immediate Cash Payment
When you add the Surrender Benefit Rider, you will receive 100% of all premiums paid, after 20 years. A portion of the premiums paid will be returned after the 5th policy year upon lapse or surrender of the rider.
Get your money back
When you add the Surrender Benefit Rider, you will receive 100% of all premiums paid, after 20 years. A portion of the premiums paid will be returned after the 5th policy year upon lapse or surrender of the rider.
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 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
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