Tom Meaglia photo

Tom Meaglia, ChFC®, AEP®,

CLU®, CRPC®, MSFS

Chartered Financial Consultant

Investment Advisor Representative

Chartered Retirement Planning Counselor

CA Insurance Lic. #0567507

 

Meaglia Financial Consulting

2105 Foothill Blvd., #B140, La Verne, CA 91750

 

Toll Free: 800-386-3700

Bus:         909-593-6105

Cell:         818-681-8600

Fax:         909-593-6120

 

Email: tom@meagliafinancialconsulting.com

Website: www.meagliafinancialconsulting.com

January/February 2019

Check Your Insurance

Check Your Insurance

It’s the New Year and, if you’re like many people, you may look at various areas of your life to see where there is room for improvement. One area many people don’t explore is their insurance. Are you and your family covered? Consider this three-pronged approach to insurance.


Health Insurance
If there is one type of insurance that’s on most people’s minds, it’s health insurance. Despite its increasing cost, health insurance typically covers expenses that far outweigh the cost of premiums. One way you might reduce your health care expenses is through a Health Savings Account (HSA). If you have a high deductible health plan, you qualify to make contributions to an HSA. Contributions are tax-deferred, potential growth is also tax-deferred and qualified distributions are tax-free.


Life Insurance
While the need for health insurance is only an accident away, we hope the need for life insurance is in the distant future. However, hope doesn’t always equal reality and having life insurance can help provide the future financial security you want for your family.


As with health insurance, you’ll probably want to take advantage of any group life insurance your employer offers. If you change jobs, though, this coverage could end. Buying an individual life insurance policy outside of the workplace may make sense, especially given the price and design alternatives from which you can choose. Term life insurance provides basic protection at a cost that starts out low, but typically rises with age. Whole life insurance is permanent and its premium payments never go up as long as you pay them on time.


Disability Insurance
Of the three types of insurance, disability income (DI) insurance is the one type of coverage most often misunderstood. Many people get short-term DI insurance for free from their employers, who may also offer group long-term DI insurance paid for by employees. The latter is vital coverage that replaces a portion of what is the largest asset of many people: their ability to earn a living.


Your financial professional can help you compare DI and other types of insurance as part of a comprehensive look at your financial protection.


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Thomas Meaglia is an Investment Adviser Representative of Coppell Advisory Solutions LLC, dba, Fusion Capital Management, a registered investment adviser that only conducts business in jurisdictions where it is properly registered, or is excluded or exempted from registration requirements. Registration as an investment adviser is not an endorsement of the firm by securities regulators and does not mean the adviser has achieved a specific level of skill or ability. The firm is not engaged in the practice of law or accounting.
Insurance and annuity products are not sold through Fusion Capital Management. Fusion does not endorse any annuity or insurance product, nor does it guarantee any insurance or annuity performance. Annuity and life insurance guarantees are subject to the claims-paying ability of the issuing insurance company. If you withdraw money from or surrender your contract within a certain time after investing, the insurance company may assess a surrender charge. Withdrawals may be subject to tax penalties and income taxes. Persons selling annuities and other insurance products receive compensation for these transactions. These commissions are separate and distinct from Fusion's investment advisory fees.
Meaglia Financial Consulting and LTM Marketing Specialists LLC are unrelated companies. This publication was prepared for the publication’s provider by LTM Client Marketing, an unrelated third party. Articles are not written or produced by the named representative.

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