Disclosures

Independent brokerage

Cornerstone Capital is an independent life insurance brokerage. We are not an insurance company and we do not issue policies. Insurance products are issued by insurance carriers, and each carrier is solely responsible for its own products and financial obligations.

What independent means

An independent brokerage is not tied to one insurance company. It may compare products from more than one carrier, subject to the producer's appointments, product availability, licensing and your eligibility. Independent does not mean every carrier or every product is available, and it does not make Cornerstone Capital a fiduciary. Carriers make their own underwriting decisions, availability varies, and no approval is guaranteed.

Products vary by state and carrier

Products, riders, features and availability vary by state and by carrier. Not every product is available in every state, and a product described on this Site may not be available to you. Insurance is offered only where the producer is licensed and appointed. See Licenses.

Underwriting and approval

Eligibility for coverage and the premium you pay depend on underwriting by the insurance carrier. Underwriting may consider factors such as age, health, tobacco use, coverage amount and state of residence. Approval is never guaranteed. Any premium figure discussed before a carrier has completed underwriting is an estimate and may change.

Carrier guarantees

Any guarantees in an insurance policy are backed solely by the claims-paying ability of the issuing insurer. They are not backed by Cornerstone Capital.

How we are compensated

Insurance brokers may receive commissions from an issuing insurer when a policy is placed. Compensation can vary by carrier and product. You may ask the producer you work with about the compensation that applies to a product you are considering.

Not advice

The content on this Site is general information. It is not individualized insurance, investment, legal, accounting or tax advice. Coverage decisions should be based on your own circumstances and on the terms of the actual policy.

Replacing existing coverage

Replacing a life insurance policy can have disadvantages. A new policy may have a new contestability period, new surrender charges, higher premiums because of your current age or health, or different benefits. Compare the existing and proposed coverage carefully before deciding.

Never cancel existing coverage, or let it lapse, before replacement coverage has been approved, accepted and is in force, and before you have carefully compared the two.

Indexed universal life and cash value life insurance

Indexed universal life (IUL) and other cash value policies are life insurance. Their primary purpose is a death benefit. They are not bank deposits, securities or retirement plans. Please consider the following:

• Illustrations are not promises. A policy illustration shows non-guaranteed elements alongside the minimums stated in the policy. Non-guaranteed illustrated values are not guarantees and are not predictions of future performance. Actual results may be more or less favorable than shown.
• Not invested in an index. An IUL policy is not an investment in the stock market or in any index. Interest is credited by the carrier using a formula that refers to the performance of an index, generally excluding dividends.
• Limits on credited interest. Credited interest is subject to caps, participation rates and spreads set by the carrier. The carrier may change these, subject to any minimums stated in the policy.
• Charges. Policies have charges, including cost of insurance charges, administrative charges, premium charges, rider charges and surrender charges. Charges reduce policy values and cost of insurance rates may increase, subject to any maximums stated in the policy.
• Loans and withdrawals. Policy loans and withdrawals reduce the cash value and the death benefit, may incur interest or charges, and may have tax consequences.
• Lapse risk. A policy can lapse if premiums are insufficient or if charges and loans exhaust the cash value. A lapse ends coverage and, where there is an outstanding loan, may result in taxable income.
• Modified endowment contracts. A policy that is funded above limits set by federal tax law becomes a modified endowment contract (MEC). Distributions from a MEC, including loans, are taxed differently and may be subject to an additional tax if taken before age 59 1/2.

Read the policy, the illustration and any buyer's guide provided by the carrier before you purchase.

Tax disclaimer

Cornerstone Capital does not provide tax, legal or accounting advice. Statements about tax treatment are general, are based on our understanding of current law and may change. Consult your own tax or legal advisor about your situation.

No government or other affiliation

Cornerstone Capital is not affiliated with, endorsed by or acting on behalf of any government agency, Medicare or Social Security. We are not affiliated with any lender or funeral home. Life insurance proceeds are paid to the beneficiary named in the policy.

Testimonials and statistics

We do not publish testimonials, ratings, statistics or performance claims without substantiation. Any testimonial that appears reflects one person's experience and is not a promise of the result you will have.

Advertising disclosures

This Site and our advertisements are solicitations for insurance. If you respond, a licensed insurance producer may contact you. Our advertisements are general in nature and are not an offer of coverage. Descriptions of products are summaries, and the policy issued by the carrier contains the complete terms, limitations and exclusions.

Our final expense questionnaire at get.cornerstonecapital.org is a separate application with its own notices.

Contact us

Questions about these disclosures can be sent to support@cornerstonecapital.org or you can call (501) 476-1468. You can also reach us through the contact page.