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Securing Your Future: The Importance of Life Insurance

Life is a beautiful journey filled with precious moments and cherished memories. However, it is essential to prepare for the unexpected and ensure the well-being of your loved ones even when you are no longer around. That is where life insurance becomes an invaluable tool. Life insurance provides a safety net for your family and offers peace of mind by ensuring their financial security in the event of your untimely demise. In this blog post, we will explore how Savage can help you navigate the world of life insurance, providing comprehensive solutions to protect your family’s financial future.

1. Customized Coverage to Meet Your Needs:
At Savage, we understand that every individual and family has unique requirements. Our team of experienced professionals will work closely with you to assess your specific needs and goals. Whether you are looking for term life insurance to cover a specific period or permanent life insurance that offers lifelong protection, we’ll tailor a policy that aligns with your circumstances, budget, and long-term objectives.

2. Comprehensive Financial Protection:
If you are the primary breadwinner in your family, your sudden absence could leave your dependents in a challenging financial situation. Life insurance can bridge this gap by providing a steady income stream to replace the earnings they relied upon. The death benefit, paid out by the policy, can assist your family in covering funeral expenses, outstanding debts, mortgage payments, and day-to-day living costs. It ensures that your loved ones can maintain their quality of life during a difficult transition.

3. Expert Guidance and Education:
Navigating the world of life insurance can be overwhelming, with various policy options and technical jargon to decipher. Savage takes pride in offering personalized guidance and education throughout the process. Our team will patiently explain the different types of policies, their benefits, and any associated riders or add-ons, empowering you to make informed decisions about your coverage. We believe that by understanding the nuances of life insurance, you can select the most suitable policy for your needs.

4. Flexibility and Adaptability:
Life is dynamic, and your insurance needs may change over time. At Savage we recognize the importance of adaptability. If your circumstances evolve, such as starting a family, purchasing a home, or retiring, we can review your policy and recommend adjustments to ensure your coverage remains relevant. We are committed to building lasting relationships with our clients, providing ongoing support and maintaining open lines of communication to address any changes or concerns.

5. A Partner in Financial Security:
Choosing Savage means partnering with a trusted ally dedicated to your financial security. Our team takes the time to understand your financial goals beyond life insurance, considering your comprehensive financial plan. We can help you explore additional strategies, such as retirement planning, investment options, and wealth preservation, to create a well-rounded approach that safeguards your family’s future and builds a legacy.

Life insurance is an essential component of a comprehensive financial plan, offering peace of mind and protecting your loved ones from unforeseen circumstances. Savage strives to be your trusted partner, guiding you through the intricacies of life insurance and providing tailored solutions that align with your unique needs and aspirations. With our expertise, personalized service, and commitment to your financial security, you can confidently embrace the future, knowing that your loved ones will be protected no matter what lies ahead. Contact a Savage advisor today to embark on your journey toward a secure future.


To learn more, check out our Life Insurance page:

Savage hires two area graduates

Savage and Associates announced the addition of two associates to the team – both with close ties to northwest Ohio. Lauren Hehl-Myers and Kirby McLoughlin will assist clients with saving, risk management, group health and protecting assets.

“Savage is excited to add new, energetic talent to our company,” said J.R. Toland, president and CEO, Savage and Associates. “We know Lauren and Kirby very well from their experience in our internship program last year, and we’re excited to keep them a part of Savage for years to come.”

Hehl-Myers, a Toledo native, attended Bowling Green State University, where she graduated this year with honors, achieving her bachelor’s degree in business administration with a specialization in finance.

Originally from Monclova Township, McLoughlin graduated from The University of Toledo this spring, completing his bachelor’s degree in business administration as well, majoring in finance.

Hehl-Myers and McLoughlin are neither registered, nor affiliated, with Osaic Wealth, Inc.

The importance of preparation

We hear the word, “prepare,” in some form, quite often from clients.

“I wish I had better prepared.”

“Can you tell me how I can prepare for the future?”

… and so on.

It is not uncommon when something as catastrophic as a pandemic leaves the world thinking more and more about some basic necessities of life that are sometimes overlooked – and wishing they had prepared. COVID-19 has heightened our awareness in many ways. Many can lay claim to knowing someone who contracted the virus, whether a family member, friend, co-worker, etc. Maybe it was even our own first-hand experience!

It has turned the focus of many toward life insurance.

It is such an important piece in life, which also happens to be one of the services at Savage that is seeing an exponentially increased awareness.

There are those who think they are covered sufficiently through their life insurance policy at work. The reality is that may not always be enough.

In a study published in 2020 by LIMRA (an organization that helps 600+ insurance/financial services companies across 73 companies increase marketing effectiveness), and Life Happens (nonprofit providing information to consumers to help make smart insurance choices) held a study just last year. Some fascinating statistics:

  • Nearly a quarter of American households do not have coverage, and another 30 million do not have enough. (That’s roughly half of all households!)
  • The average coverage gap between what people have, and what they need, is about $200,000.
  • About 44 percent of households said they would face financial hardship within six months if the primary wage earner were to die prematurely. For 28 percent of households, financial hardship would hit within one month.
  • More than half say they haven’t purchased life insurance because they don’t know how much they need or what type to buy.
  • Six in 10 Americans say they have a heightened awareness of the importance of life insurance due to COVID-19.

    Kevin Baumeier

While these are alarming statistics, there is good news. Almost 30 percent of adults are more likely to buy life insurance over the next year. Are you one of them?

It’s more inexpensive than people realize, and to make life easier, we even accept e-signatures to ease the process.

If you already work with a financial professional at Savage, reach out to them for their insight. If not, and you would like to speak with someone about life insurance, contact Kevin Baumeier, CLU®, manager of risk services, at 419-725-7243, or [email protected].

Kevin Baumeier is not registered with Osaic Wealth, Inc.

Turnwald joins Savage to serve Putnam County area

Dan Turnwald, associate*, has joined Savage and Associates to serve clients in Putnam County and beyond. Savage is a full-service financial, insurance, and group benefits services firm partnering with clients across the nation.

“Dan has an outstanding reputation throughout multiple northwest Ohio counties,” stated J.R. Toland, president and CEO, Savage. “We are thrilled to have him on board, and this now gives clients even easier access as we expand to our fourth location.”

Turnwald has more than 15 years of experience developing life protection plans for individuals and families. In only his second year, he qualified for membership in the Million Dollar Round Table (MDRT) – an association that qualifies insurance and financial services professionals in exceptional professional knowledge, strict ethical conduct and outstanding client service. In 2009, he finished with the lowest lapse rating in North America, indicating very high client satisfaction.

With the addition of Turnwald and his location at 150 Church St., Glandorf, Ohio 45848, Savage – which started in 1957 – also has offices in Maumee, Bowling Green and Findlay.

(* Dan Turnwald is not affiliated with Osaic Wealth, Inc.)
(Qualifying membership in the MDRT is based on minimum sales production requirements and gross business generated within a year. Each MDRT status designation is granted for one year only. All members must apply every year to continue their affiliation with the Million Dollar Round Table. Third-party rankings and recognitions are no guarantee of future investment success and do not ensure that a client or prospective client will experience a higher level of performance or results. These ratings should not be construed as an endorsement of the advisor by any client nor are they representative of any one client’s evaluation.)

Savage and Associates adds three advisors

Savage and Associates announced the addition of three advisors to its team, bringing the total number of associates to its highest level in company history:

  • Craig Bruning, financial professional
  • Julie Fullerton*, benefits advisor
  • Joshua Holzemer, employee benefits consultant

“More than ever, Savage has the resources to service clients to a wider area and through a larger scope with the addition of Craig, Julie and Joshua,” stated J.R. Toland, president and CEO, Savage and Associates. “They each have a unique skill set and expertise that will provide great value to our clients.”

As part of his responsibilities, Bruning will assist clients in a holistic way through investments, risk management, and group health. Fullerton has more than 15 years of experience in health insurance, specializing in Medicare supplements and individual health insurance. Joining his father’s practice, Holzemer will primarily focus on employee benefits, in addition to offering investment services and individual strategies.

Founded in 1957, Savage is a full-service financial, insurance, and group benefits services firm partnering with clients across the nation.

(* Julie Fullerton is not affiliated with Osaic Wealth, Inc.)

Leading health care strategist to visit northwest Ohio

Known as one of the nation’s most prominent and respected speakers in the health care industry, Bradford Koles, vice president and national spokesperson, Advisory Board – a best practices firm helping health care organizations worldwide – will speak on the current and future status of the industry, Wednesday, April 1, 2020 from 8:30 to 10 a.m. at The Pinnacle in Maumee, Ohio, sponsored by Savage and Associates.

“Savage is thrilled to have Mr. Koles present to our region, particularly with the strong attention the health system will receive with the upcoming presidential election,” stated Scott Walsh, vice president of employee benefits and partner, Savage and Associates. “This will be an outstanding value added to our clients, as well as others who would like to gain some fascinating insight.”

Based in Washington, D.C., Koles has significant expertise in health care economics, strategy, and reform initiatives including coverage expansion, vertical integration and physician partnership models, managed care and payer contracting, and quality-based payment.

There is no cost to attend, and a free continental breakfast will be provided. Doors open at 8 a.m. for check-in and networking. Advanced registration is required at

Ready for Open Enrollment 2017?

Know Your Dates

The open enrollment period for 2017 coverage is between the dates of November 1, 2016- January 31, 2017. You must apply by December 15, 2016 to ensure an effective date for January 1. Because of the expected volume of applicants, please contact an agent as soon as possible to complete your application.

Savage agent Steve Milewski cautions clients to make sure they apply as soon they can. His advice is to “Be aware that you will have a limited opportunity to buy coverage outside of the open enrollment period. If you do lose coverage, you should take action within two months”.

Know Your Numbers

Depending on your expected annual income, you may be eligible to receive a subsidy to help offset the cost of health insurance premiums. It is imperative to accurately estimate your household income, as this subsidy can change based on that number. There are repercussions for inaccurately estimating your income; if you use more tax credits than you qualified for, you will have to pay back the difference on your tax return. If your household income ends up being lower than you estimated, you will get the difference back in the form of a tax refund.

Know Your Coverage

The Affordable Care Act includes guaranteed issue provisions, which means that no one can be denied coverage because of their health conditions. While that means anyone can apply, the process can still be cumbersome. A Savage agent is able to simplify the process for you by presenting the best options for your unique scenarios and help you find the coverage you need, at the cost you can afford.

There are four metal tiers of coverage: PlatinumGoldSilver, and Bronze. All plans include preventive care benefits, but have different levels of cost sharing and coverage. According to Daniel Finkel, a Savage agent specializing in individual coverage, “While it may be tempting to choose the lowest priced plan, it’s important to consider if you can afford the deductible that comes with it, and to have a company and an agent that are there when you need them”.

Know the Consequences

Going without health insurance opens you up to the risk of not being covered in the case of an emergency. It also means you might be responsible for paying a steep fee, known as the individual shared responsibility payment. The fee is calculated based on either your income, or a per person fee, whichever is higher.

Know Your Allies

An agent is your lifeline in a world that may be foreign to you. Agent Tamy Hagan supports her clients by providing “the expertise of helping you choose a plan to best suit your needs by searching all plans available, cross referencing your doctors, and assisting you throughout the year with any questions or concerns you may have”.

In a world of options, your Savage agent can help you navigate through the overwhelming amount of information to find the best coverage for you and your family. Contact a Savage agent for personalized assistance on getting a health insurance policy that meets your needs.

Savage and Associates offers a team of Certified Health Insurance Agents that can help you find the health insurance you need for yourself and your family.  Our agents can explain the details so that the process will be completed correctly, thereby avoiding any potential processing delays. Using an agent will ensure that you sign up for a plan that fits within your budget and that your doctors are in network. When using an agent, there is no additional fee, and you will have a licensed professional as an ally who will help you select the correct plan and help with future service questions or claim issues. Your agent is there for you long after you are enrolled in a plan.

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