Broker Check

Life Insurance

Experience • Trust • Integrity

We are independent insurance agents and therefore we represent our clients, not the insurance companies. We find the most suitable type of insurance policy to address our client’s needs from a large selection of companies at competitive prices.

 These are just some of the companies we work with:

  • Prudential
  • John Hancock        
  • Lincoln Financial        
  • Met Life        
  • Transamerica        
  • Protective Life        
  • AXA        
  • Nationwide        
  • Pacific Life

Understanding the different types of life insurance can be complicated. We can help you determine which type of life insurance is right for you.      

  • Term Insurance
  • Whole Life
  • Universal Life
  • Variable Universal Life


Term Insurance

Term life insurance is a form of temporary insurance that provides a lump-sum payout upon death for a stated period of time. Since term insurance can be purchased in large amounts and for a relatively small out-of-pocket expense, it is most suitable for income replacement and short-range goals (e.g., to pay off a mortgage or loan, to fund a child’s education, etc.).

Death Benefit: Level

Premium: Choice of level or increasing
Cash Value: No
Goal: Pure Protection


Whole Life

Whole Life is a form of permanent insurance that covers a client for as long as he or she lives and continues to make the required premium payment. Whole Life can be a good fit for achieving long-range goals, as the premiums remain the same for the life of the policy. In addition, cash values may provide money to help with temporary needs or emergencies that may arise.

Death Benefit: Fixed or Increasing
Premium: Fixed
Cash Value: Yes
Goal: Protection and Cash Value


Universal Life

Universal Life is a permanent, flexible-premium, adjustable death benefit life insurance policy that builds cash value. The flexibility of this policy allows you to change the amount of insurance, as your needs change. Some of these changes may require an additional medical exam. Universal Life makes sense for those individuals who have a long-term need for life insurance and desire premium flexibility.

Death Benefit: Fixed 
Premium: Flexible
Cash Value: Varies by Policy
Goal: Protection and Cash Value


*Five Star Professional Wealth Manager Award based on 10 objective criteria associated with providing quality services to clients such as credentials, experience, and assets under management among other factors. Wealth managers do not pay a fee to be considered or placed on the final list of 2013, 2014, 2015 & 2016 Five Star Wealth Managers.

This material contains only general descriptions and is not a solicitation to sell any insurance product or security.  For information about specific insurance needs or situations, contact your insurance agent.  This content is intended to assist in educating you about insurance generally and not to provide personal service. This may not take into account your personal characteristics such as budget, assets, risk, tolerance, family situation or activities which may affect the type of insurance that would be right for you.  In addition, state insurance laws and insurance underwriting rules may affect available coverage and its costs.  Guarantees and based on the claims paying ability of the issuing company.

The companies mentioned on this page are all separate entities from Luongo Wealth Management and LPL Financial.