Newlyweds, new home owners, new parents - there’s no better time to get life insurance than when entering a phase of new responsibility in life. While times like these are when money is short, there are a variety of options for any budget. Remember, the younger you are when you first get insurance, the lower the price will be.

Jennifer, 31 and Dave, 34 got their first life insurance policies right before their wedding. Levine Insurance Brokers, LLC helped Jennifer choose a $500k, 30 year term policy with a “return of premium” option for $510 a year ($370 without the option). 30 years from now if she outlives the term, she will receive all her premiums back, totaling $15,300 - tax free! Dave chose a traditional $1 million, 30 year term policy for $960/year as this best suits his needs. We chose policies that lock in these premium rates for all 30 years.

Jim and John have been together over 20 years and depend on each other emotionally and financially. They purchased insurance and named each other as the beneficiary. They now have the peace of mind if something happens to either of them, their partner is well taken care of.

Dan was in a cigar shop and struck up a conversation with the shop’s owner, who mentioned he was interested in term insurance. He showed Dan some quotes he received, and when Dan reviewed them he noticed they were all priced at “Smoker’s Rates” even though the owner smoked cigars, not cigarettes. These quotes were for a $500,000 10 year term with a premium of $5,740 per year.

Dan performed his FREE assessment and provided two quotes: a $500,000 10 year term policy with a premium of $1,700 per year, and a $1,000,000 20 - year term policy for $5,900 per year. Needless to say the owner purchased the policy from Levine Insurance Brokers, LLC and got twice the face amount for double the time for nearly the same price!

Rudi, 28, had a “whole life” policy with a $100k death benefit purchased for him by his grandfather when he was a child. A FREE Assessment, discovered the policy might require future payments depending upon the financial performance of the insurance company holding the policy. We were able to move the cash value from that policy to a new policy via a “§1035 tax free exchange.” The new policy was fully paid-up, meaning Rudi would never have to make another payment. Better yet, the new policy had a death benefit of $376k versus the $100k in the original policy.

Bob, 53, felt he would never qualify for life insurance because he had been declined in the past. Bob isn’t fond of doctors and does what he can to take care of himself, but because of a lack of medical history failed to meet the insurer’s requirements. Levine Insurance Brokers, LLC was not only able to secure a policy for Bob, but one with a major insurance company that rated Bob a “Standard PLUS,” meaning Bob is better than average risk.

A 64 year old woman asked Levine Insurance Brokers to review her $500,000 “Whole Life -Term Blend” policy, meaning the policy was a blend of 50% term and 50% whole-life insurance. The policy was purchased ten years ago and the current premium was $14,200/year. After a FREE Assessment, we learned her premium would increase every year, and the next premium would exceed $16,000. Levine Insurance Brokers, LLC was able to roll over her cash value (tax free) and obtain a policy for a guaranteed $500,000 with a fixed premium of $8,200/year. Additionally, we were able to negotiate a “Preferred” medical rating for her.

A husband and wife came to Levine Insurance Brokers, LLC for Long Term Care Insurance. We were able to obtain a policy for the husband at the best rating class, but the wife, a smoker and diabetic, had been declined by many companies. We negotiated with a different top rated company in order to issue her a competitive policy. Levine Insurance Brokers, LLC was able to shop around and get each of them the right policy for their needs - an advantage over “captive agents” who can only place insurance with one company.

A doctor came to Levine Insurance Brokers, LLC with a need for Disability Insurance. We obtained a policy with a company that will provide for the doctor should he be unable to perform his job. Many disability insurers do not have this stipulation, and will refuse benefits if the insured can do any job. This little known fact is why it is important to make sure you deal with an expert broker when purchasing insurance.

The owner of a small business came to Levine Insurance Brokers, LLC when his group health bills became too high for his modest budget. Levine Insurance Brokers, LLC provided a FREE Assessment, reviewed his current policy, and by making some minor modifications, was able to save him $15,000 a year. Now, each policy anniversary Levine Insurance Brokers, LLC reviews his plan to make sure he has the best plan for his needs.