Personal Insurance

Personal Insurance Products:

Life Insurance

  • Term
  • Whole Life
  • Universal Life
  • Guaranteed Universal Life
  • Variable Universal Life
  • Indexed Universal Life
  • Survivorship Life

 

Disability Income

  • Non-Cancellable —  Own Occupation
  • Business Overhead Expense
  • Buy-Sell

 

Long Term Care

  • Traditional LTC
  • Life Insurance/LTC Combo
  • Life Insurance with LTC Rider

If you are seeking personal insurance services, contact Levine Group today and learn how we can help you build a secure future.

*Long-term care insurance benefits may be subject to limitations, waiting periods, and other restrictions. Riders and conversion provisions are subject to additional costs. Products and services may not be available in all states.

Services

Life insurance is often purchased to provide liquidity to fund estate taxes. However, life insurance may also be purchased as an asset that provides a very competitive rate of return. The potential rate of return on a death benefit can be significant in the short term as well as competitive through life expectancy. We can illustrate how this can benefit you and your family.
*Guarantees & benefits provided by life insurance products are subject to the claims-paying ability of the issuing insurance company.

The most typical form of sophisticated life insurance planning involves the use of an Irrevocable Life Insurance Trust (ILIT). An ILIT is created to own life insurance and is the owner and beneficiary of the policy(ies). When drafted and administered properly, the life insurance proceeds received will not be subject to income or estate taxes upon the death of the insured(s). It can replace income for surviving family members, pay estate taxes and transfer wealth to children and other heirs.
*Transfers to an ILIT are irrevocable and the client may not possess any incidents of ownership in the life insurance policy owned by the ILIT. Trusts should be drafted by an attorney familiar with such matters in order to take into account income as well as gift & estate tax laws (including generation skipping transfer tax). Failure to do so could result in adverse tax treatment of trust proceeds.

Although simple in concept, a life insurance policy can be a complex financial instrument. Levine Group is capable of monitoring your life insurance to be certain that it remains appropriate for your goals and performs according to expectations.

Key Person Insurance is appropriate for any business that employs one or more people who are key to its success. This coverage (life insurance or disability insurance) insures against the business loss if that key employee dies or is disabled. Levine Group has a number of products and carriers available to fit your needs.

It’s hard to know exactly how much income you will need after you suffer a disability. Most of your fixed expenses won’t change, and you may save money on work-related expenses such as automobile costs and clothing. However, you’ll also spend more on other items such as medical expenses, living expenses and possibly child care expenses. Let us help you think through the options and tailor a policy to fit your needs.

If you participate in a traditional pension plan, you may receive monthly benefits from the plan after you retire. There are several methods to increase the amount of your monthly pension using either life insurance, annuities or both. Also, your beneficiaries will receive a lump sum upon your death.

If you have partners, a buy-sell agreement is the center of a business continuation plan. This is a contractual agreement between shareholders and their company or between partners of the company. Life insurance is commonly used to provide liquidity to buy out the widow of a deceased partner.

When developing a succession plan for your business, you must make many decisions. The key is to pick the best plan for your circumstances and objectives and to seek assistance from financial and legal advisors to carry out your plan.

Do you know anyone with Alzheimer’s or in a nursing home? According to AARP, more than 50% of us will need Long Term Care in our lifetimes. In addition to providing much needed dollars for nursing homes, it also covers home-based care. We have several types of policies that fulfill these kinds of need.