Uncovering $350/mo in savings- Client Success Story with Randy Harvey

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Imagine this scenario. You’re retired and living on a fixed income. You have a life insurance policy that you try to pay a little extra into each month, and you pay a LOT for your health insurance. $400/mo to be exact! To make matters worse, The Medicare Supplement you have does not offer drug coverage, and you and your wife both take a number of prescriptions. You don’t have anything extra in your fixed monthly income to pay for your prescriptions so you’ve been racking up a hefty credit card bill. The bill now totals $8,000 and you see no way possible to pay this down, as you just keep adding to it every month with your expensive prescriptions. What would you do? Can you see any way out of this situation?

This is exactly what one couple was faced with when they met with their Cornerstone Wealth Representative Harry “Randy” Harvey, a certified Senior Advisor who was providing financial reviews to this family and their neighbors.

Believe it or not, Harvey was not only able to save this family money on their monthly prescriptions, he was able to help them completely pay off their credit card debt AND save $350/month on the cost of their health insurance! If you’d like to see how he did it, watch this month’s Client Success Story video, or read on below.

Client Success Story with Randy Harvey

 

“This family is dear to my heart,” Harvey relates. “When I met with them they felt they were in dire straights and saw no way out of their predicament.

“The couple was paying $400/month for their Medicare supplements and they did not have drug coverage included in their plan. They were putting the cost of their prescriptions onto credit cards each month, racking up over $8,000 of debt!”

Fortunately, there was a silver lining. While meeting with them and conducting a full financial review, Harvey discovered that they had been overpaying each month on their life insurance policy and this had created a cash value within the life insurance policy of over $9,000.

First, Harvey switched the couple to a Medicare Advantage plan WITH drug coverage. This cost them only $50/month TOTAL and covered both husband AND wife on their health insurance with a drug plan included! Now they no longer had to worry about putting prescriptions onto their credit card. Plus they were saving $350/month on their health insurance! That kind of savings is HUGE to someone on a fixed income.

Next Harvey facilitated a change in the couples life insurance policy. They were able to take some of the cash value into from the old policy and dump it into a new one. This gave them the same death benefit with a monthly premium that was $2 less per month than the previous plan. Finally they used the remainder of the cash value to fully pay off their credit card debt.

As you can imagine, this couple was overjoyed at the outcome!

“It was a win/win and in the end everyone went home happy,” Harvey says.

Stories like these are why we at Cornerstone STRONGLY encourage everyone to meet with a licensed representative for a financial review EVERY year! You never know what kinds of savings or opportunities may be uncovered!

Don’t hesitate! Set up a review today, at NO COST to you!

Randy Harvey has been helping retirees in South Carolina since 2005, and for many years before that in New Hampshire. He enjoys living in sunny Summerville South Carolina where he resides with his wife Vicki. In his spare time Randy plays golf and is an active member of his church, St. Paul’s of Summerville. To set an appointment with Randy, contact Cornerstone’s corporate office at 843-376-3350.

Protecting Families with true WHOLE LIFE benefits- Client Success Story with Gary Braddy

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Four Years ago when Licensed Advisor Gary Braddy visited his very first client, he knew he had found the career he wanted to be in. Watch his story by clicking here —> Client Success Story with Gary Braddy or read below.

“I was able to help people,” he said. “Four years ago I went out into the field after receiving training and the first person I ever spoke to was a man whose wife had passed away a while back and he had been under the impression that she’d had a life insurance policy with a death benefit of $10,000. Unfortunately what he’d thought was $10,000 ended up being worth only $800 because she’d had a graded death benefit.”

Gary learned that this client didn’t have any insurance himself and so at that point he was able to provide education on the type of policy that would be the best fit for the client’s circumstances.

A TRUE whole life insurance policy was put in place and now the client felt confident that he would be able to give his family the full $10,000 benefit on his passing.

“Right there at my first appointment I was able to help someone,” Gary said.

And that’s what we do here at Cornerstone. We educate and we change lives.

If you’re concerned about the true value of your insurance policy’s death benefit, contact Cornerstone today to set up an insurance policy review at no charge to you!

 

Gary Braddy has been in the industry since 2014 and resides with his family in Moncks Corner, South Carolina .

Maximize Growth and Preserve Wealth -Client Success Story- Troy Bell

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Who wouldn’t want to earn the best rate of return on their investment? Who wouldn’t want to know that their life-long earnings were safe from the risks of market decline? Many pre and post retirees feel that it’s not possible to have BOTH of these options. It seems too good to be true, but the reality is, we help clients to maximize the growth of their investments AND safely preserve their wealth EVERY DAY!

Our advisor Troy Bell has just such a story he would like to share. Watch his video by clicking the link below or scroll down to read more about it.

Client Success Story with Troy Bell

“I had a client that had in excess of $500,000 increments in about 3 different banks. Her money was earning a very low rate of return, less than .04% on each investment. No one had ever talked to her about fixed index annuities. When I met this client I wanted to help her in ALL areas of her retirement planning, so we handled her life insurance needs first and then we worked on answering her health ins questions as well. She had a school aged child and two other children going off to college and I was able to consult with her on all of these area.

“Then we were actually able to pull together those investments from all three of those banks and after introducing her to a fixed index annuity we increased her rate of return and almost tripled the amount of money she was earning, on a tax deferred basis.

“She wanted to maximize growth and preserve wealth and we were able to help her accomplish those goals in a very efficient way.”

“Her investments weren’t something she was living off of, this was legacy money to leave to the children and grandchildren and she wanted to maximize growth and preserve wealth and we were able to help her accomplish those goals in a very efficient way.

“As a result she’s come back several times and purchased policies on family members and I will be helping her father with his investment portfolio as well.

“Servicing people’s needs at that level is really what I get the most enjoyment out of. It’s not a job at that point, it’s not work. It’s something you just enjoy doing because you’re actually helping someone.”

 

Troy Bell is a native Charlestonian and a 1988 graduate of Old Dominion University in Norfolk, VA.

 Troy has a history in the financial   services industry, with past experience working as a Loan Officer and Bank Manager and as an Insurance Manager for AIG. He joined the Cornerstone team in 2014.

 His hobbies are horseback riding, swimming and tennis. Troy is also on the Board of the South Carolina      Association of Community Residential Care Programs.