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Tom Meaglia, ChFC®, AEP®,


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




July/August 2021

Changing Priorities

Changing Priorities

You might have originally purchased a life insurance policy* to protect your young family from the loss of your income in the event of your death. But what if you no longer need that protection? Life insurance is versatile and can play a variety of roles in a financial plan. Consider how such flexibility could benefit you and your loved ones.

Tap Your Policy’s Cash Value
You can supplement your retirement income by accessing your permanent policy’s cash value or borrowing against it. Remember that loans and withdrawals may reduce the amount of the policy’s death benefit.

Add a Long-Term-Care Rider
This rider allows you to use a portion of the policy’s death benefit to pay long-term-care expenses. When applicable, adding a rider to your policy may be more affordable than buying a stand-alone long-term-care policy. The death benefit is reduced only if you use the coverage.

Include an Accelerated Death-Benefit Rider
You can use the policy’s death benefits if you’re diagnosed with a terminal illness that will substantially shorten your life. Using the benefit will reduce the death benefit for your beneficiaries.

Leave a Legacy
Life insurance can be used to benefit loved ones or to make a charitable donation to an organization that’s important to you.

Replace Lost Income
Social Security and pension benefits typically stop at your death, potentially leaving your spouse with an income deficit. Life insurance proceeds can make up the shortfall.

Pay Final Expenses
Life insurance proceeds can be used to pay your funeral and burial expenses.

*Applications for life insurance are subject to underwriting. No insurance coverage exists unless a policy is issued and the required premium to put it in force is paid. Accessing cash values may result in surrender fees and charges and may require additional premium payments to maintain coverage and will reduce the death benefit and policy values. Guarantees are based on the claims-paying ability of the issuer. Riders may incur an additional premium. Rider benefits may not be available in all states. Riders that pay benefits for events other than death will likely reduce the policy’s death benefit and cash value.


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Investment advisory services are offered through Fusion Capital Management, an SEC Registered Investment Advisor. The firm only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements. SEC registration is not an endorsement of the firm by the commission and does not mean that the advisor has attained a specific level of skill or ability. All investment strategies have the potential for profit or loss.
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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