Melissa Levin, CFP®, CFS

Other Names:	Melissa Leann Levin, Melissa Leann Romero
Firm:	LPL Financial LLC
DBA:	Romero & Levin Wealth Management, Inc.
Advisor Location:	Santa Ana, CA
Advisor AUM:	$53,227,841
Firm Primary Clients:	Individuals
Type:	Dual Registration

Description

Melissa is part of a three person team at Romero & Levin Wealth Management. Her area of expertise lies in the Life Insurance, Long-Term Care & Disability arena. Melissa Levin, CFP®, CFS is a Registered Representative with and Securities & fee based asset management are offered through LPL Financial, LLC a Registered Investment ... see more

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Answers and Guides

Level 5 Level 5 Contributor 1 Answer and 2 Financial Guides

What are the pros and cons of term vs. whole life insurance?

Answered Feb 07, 2012 near Cowan Heights, CA

8 votes

The best way I can describe the term insurance vs. permanent insurance is by using the example of your home. If you "rent" your home, this would be similar to a term policy. Typically, when you rent your home, you have a lease for a certain time period ...(more) The best way I can describe the term insurance vs. permanent insurance is by using the example of your home. If you "rent" your home, this would be similar to a term policy. Typically, when you rent your home, you have a lease for a certain time period - 6 months, 1 year, 2 years, etc. At the end of this term, your landlord has the right to raise your rent. Well, term insurance is very similar. At the end of your "term" (10 years, 20 years, 30 years, etc), the insurance company has the ability to raise the cost of your insurance. During the "term" however, the price remains the same. Whole Life Insurance is a permanent type of policy. A permanent policy is similar to owning your home. When you own your home, you typically pay more. However, you build equity in your home. A permanent policy is similar (there are many types that specialize in building "equity", guaranteed death benefit, etc). The pro of term insurance is that it is cheaper. The con is that if you still need the insurance after your term is up - it can become really expensive. The con of a whole life policy is that it is more expensive than a term policy. The pro is that you can design a policy so that the premium is guaranteed for the entire life of the policy and as long as you pay and the insurance company is around... your beneficiary will receive a death benefit. Every situation is different. However, if cash flow is tight, term insurance is typically the way to go if you are looking purely to protect your loved ones in case of your passing. With estate planning, we typically recommend a permanent policy. But every situation is different. Melissa Levin, CFP®, CFS LPL Financial Due to industry regulations, the advisor may not post additional reply comments. If you would like to contact the author, please email her at Melissa.Levin@lpl.com. Securities and Advisory services offered through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) may be appropriate for you, consult your financial advisor prior to investing. Guarantees are based on the claims paying ability of the issuing company. hide

Top Guides

Term Life Insurance: Are You Throwing Away Money?

Published May 14, 2012

5 votes

I am a CERTIFIED FINANCIAL PLANNER™ Practitioner, who specializes in family protection, and I love what I do. The reason why I love what I do is because I can help families protect their most ...(more)

Top 5 items to consider when purchasing Long Term Care Insurance

Published Mar 07, 2012

6 votes

Have you started to look at protecting your retirement assets by purchasing a Long Term Care Insurance Plan but you are confused with all the information that is out there? I have put together a ...(more)

*Answers and guides are provided without compensation.

Advisor Information

Articles/Publications

RomeroWM.com's Melissa Levin Wins LPL Financial’s Coveted 2010 Insurance Champion Award

Over 2,500 LPL Financial Advisors nationwide were in the running for this prestigious annual title, which merits the few insurance agents and advisors who successfully closed life or long-term care insurance cases with LPL Financial’s insurance agency. With hard work and an esteemed track record, Melissa Levin landed herself in the prominent top 40 of this pool for 2010. LPL Financial Tracking #602008

Long-Term Care Insurance: Are You Uninsurable?

“These couples have worked hard their entire life to save for retirement,” explains Levin. “Without long-term care insurance, they could potentially not only lose their entire savings, but also be unable to leave a legacy for their children. I want to help them get the most out of their retirement, for them and their children.” LPL Tracking #723960

Social Media

http://www.facebook.com/RomeroLevin

http://www.linkedin.com/pub/melissa-levin/3/a9/8b1

Advisor Assets Under Management

$53.2M

Total Assets

190

Clients

$280.1K

Estimated Average Account Balance Per Client

*An individual AUM and number of accounts has been entered by the advisor and has not been verified.

Firm Client Types

	Individuals
	High Net Worth Individuals
	Pension and Profit Sharing Plans
	Corporations or Other Businesses
	Charitable Organizations
	Investment Companies
	State or Municipal Government Entities
	Insurance Companies

*The Client Types data displayed is firm level data as reported on the SEC ADV filing.

Experience and Employment History

Employer	Years	Dates
LPL Financial LLC	13 years, 9 months	Sep 1998 - Present

*Experience and Employment History information reflects the past 10 years of employment as reported on the SEC ADV filing as of 12/16/2011, and is not a complete representation of the advisor's experience and employment history. Furthermore, the advisor is required to provide this information only while registered with an investment advisor firm and the information is not updated through Form U4 after the advisor ceases to be registered. Therefore, an employment date of "Present" may not reflect the advisor's current employment status.

Licenses and Conduct

Regulator
License Status	Registered	Registered
Disclosures	No Disclosures Found	No Disclosures Found
As of Date	12/16/2011	05/23/2012

*This advisor may not be SEC registered. The SEC maintains the database for state registered advisors as well as SEC registered advisors.
*A single dispute is often reported by both the SEC and FINRA and therefore will be reported as both an SEC dispute and FINRA dispute in this section.
*BrightScope is not endorsed by or affiliated with FINRA.

Advisor Exams

Exam	Series	Passed Date
General Securities Principal Examination	Series 24	09/12/2003
Uniform Investment Adviser Law Examination	Series 65	11/20/1998
General Securities Representative Examination	Series 7	11/05/1998
Uniform Securities Agent State Law Examination	Series 63	09/23/1998
Investment Company Products/Variable Contracts Representative Examination	Series 6	11/05/1997

Firm Compensation Arrangements

Types of Compensation Arrangements

Percentage of Assets
Hourly Charges
Fixed Fees
Commissions

Location

Contact Information

Address	1585 E. 17th St. Santa Ana, CA 92705
Phone Number	(714)547-8787
Email Address	melissa.levin@lpl.com
Website	www.RomeroWM.com

State Registrations

Melissa Levin, CFP®, CFS is registered in the following states: CA, CA, AZ and SC

Professional Designations

Certified Financial Planner

A standard certification for advisors, designees are exposed to nearly 100 topics on integrated financial planning. Major topics include, but not limited to: insurance, employee benefits, securities, state and federal tax, estate taxand planning, asset protection, etc.

Certified Fund Specialist

CFS Designees have expertise in mutual funds and the mutual fund industry. These individuals advise clients on which mutual funds best suit their particular needs. Does not license individuals to buy or sell mutual funds.

Membership Associations

No membership associations listed.

Advisor Services

	Insurance	70%
	Life Insurance
	Health Insurance
	Long-Term Care Insurance
	Other Insurance
	Financial Planning	30%
	Estate Planning
	Comprehensive Financial Planning
	Charitable Planning