Move your insurance local. Moving to a new community means starting over – with physicians, beauticians, landscapers, mechanics… The list can be overwhelming at first, but don’t neglect to find a local insurance broker too! Having someone who lives and works here means they will be in the know on the best state rates for Medicare, health, and life insurance, and are easily accessible should you need to file a claim. Plus, they will be a familiar, friendly face around town as you adjust to your new surroundings. 

Find a broker who can shop the whole market. While traditional insurance agents can offer a lot of options, independent brokers can offer even more. They are not limited to selling products from just one company but can compare prices and coverage across dozens of policies to customize a plan that’s a perfect fit for your needs. 

Prepare for the unexpected. Disability and term life insurance can provide your loved ones with mortgage protection. This is a crucial step for top earners in a household, a practical act of love through service, that will alleviate the stress of downsizing homes on family members in an already tough time.

Get serious about retirement planning. New homes and job changes often come with pay increases. Rather than splurging on exciting, but expendable, high-ticket items that decrease in value, put that new cash to work for you by paying down debt and saving for retirement. An insurance broker can show you the benefits of tax-sheltered investment vehicles such as an indexed universal life policy, which can be overfunded in earning years and retains cash value to withdraw in retirement. If you own a business, you can utilize many tax-efficient and high-ROI retirement vehicles for you or your key employees.

Consider adding an insurance group plan to your small business. It’s more affordable than you might think! Offering health insurance coverage to employees is a sure-fire way to attract and retain top talent in a competitive job market. In fact, a UCLA study found that 70% of respondents would choose a lower-paying job if it included a benefits package over a higher-paying job with no benefits. For key employees at the management level, an executive bonus that becomes fully vested after 10, 20 or even 30 years can incentivize them to work hard and avoid leaving for new experiences or competing offers.