About Regency
Regency is owned by Jack Goldberg, a well-respected Career Agent and Michael S. Goldberg, J.D. an Insurance Attorney. They work together on your behalf to provide you with the most professional Life Insurance planning available.
REGENCY SPECIALIZES IN:
.TERM LIFE
.UNIVERSAL LIFE
.WHOLE LIFE
.LINKED POLICIES COVERING LIFE AND LONG TERM CARE
.LIFE INSURANCE WITH LIVING BENEFITS
.COVERAGE FOR SENIORS
.COVERAGE FOR FOREIGN NATIONALS
.COVERAGE FOR ORPHAN POLICYHOLDERS
.COVERAGE FOR FINAL EXPENSE
REGENCY finds the right coverage with the best company for the lowest cost to you. We accomplish that goal by shopping and comparing the rates of a select group of TOP-RATED LIFE COMPANIES so that we can provide you with the most affordable plan that offers the proper options. An example of a proper option is the CONVERSION OPTION.
REGENCY always makes certain that all TERM LIFE POLICES recommended have an excellent CONVERSION OPTION. This is perhaps the most important options that can be found in TERM LIFE Policies because it guarantees that your health classification for your TERM LIFE Policy will remain the same if and when you decide to convert the policy to a GUARANTEED PREMIUM UNIVERSAL LIFE or WHOLE LIFE Policy.
ABOUT JACK GOLDBERG
Jack has become well known within the insurance industry as a result of his professionalism and the quality of service that he affords ORPHAN POLICYHOLDERS. These are insureds who have an insurance policy, but they do not have an active agent with the Company. This may happen as a result of an agent leaving the business or no longer being active with the Company as well as many other reasons.. Statistics show that 30-50% of all policyholders are ORPHAN POLICYHOLDERS.
Jack advises his clients about the following CONSEQUENCES of BECOMING an ORPHAN POLICYHOLDER:
1. You may not be advised about your conversion option.
2. Your premium will increase very substantially at the expiration of your guaranteed TERM LIFE Policy
3. If you contact the Company for help, you will be speaking to a Customer Service Rep. (CSR). They can only help on a limited basis as they are not Licensed Agents and cannot give insurance advice.
Jack’s expertise with servicing ORPHAN POLICYHOLDERS was recognized by several LIFE INSURANCE COMPANIES. He was awarded the opportunity to service orphan policyholders on a national basis with Great Southern Life, Old Line Life, and AIG for the past 40 years.
ABOUT MICHAEL S. GOLDBERG, J.D.
Michael is an insurance attorney. He keeps current on legal matters affecting the insurance industry and its clients. He was a long time member of The National Academy of Elder Law Attorneys and the Academy of Florida Elder Law Attorneys. Michael accepts no legal fees and is not participating in the active practice of law.
Michael and Jack work together on one client at a time to make certain that each client receives the most professional insurance advice possible.
BELOW ARE SOME OF MICHAEL’s VALUABLE LIFE INSURANCE INSIGHTS REGARDING THE PURCHASE OF A LIFE INSURANCE POLICY:
1. Term Life Insurance policies today are mostly Guaranteed Premium Plans for specified periods of time. Some policies are more competitive than others. It is important to know that the Company has excellent financial ratings. The financial ratings of a company should be provided to you. It is also important to know what your options are at the expiration of the Term. Does the Term Life policy include a Conversion Option, and, if so, when does that option expire?
2. Universal Life policies are much more complex than Term policies. You should make certain that you receive an illustration with an explanation sent to you by email or in writing from the Agent or Company so that you have a record for your file. It is important to know how long the premium is Guaranteed to stay the same. Many Universal Life policies are guaranteed to age 100, 110 or 120. However, in many cases that Guarantee could be lost by virtue of certain provisions in the contract. For example, the client should know if the premium guarantee can be lost by taking a loan, a partial withdrawal, skipping a premium or just paying a premium late.
3. Many clients are financially sound and are not sure if they need life insurance or not. They should be aware that attorneys routinely advise their clients against making any major decisions, including financial decisions, for at least 6 months after losing a spouse. That gives the surviving spouse time to think clearly and less emotionally. Also, when assets are invested in annuities, mutual funds, CDs, stocks, bonds, real estate etc., there are often adverse consequences when turning such assets into liquid assets equivalent to cash. Professional advice is often needed to avoid unnecessary surrender charges, penalties and taxes. Life insurance provides tax free cash at a tumultuous time so that these matters can be handled with as little stress as possible.