When most people think about insurance, they think about a death benefit that helps a family if something happens. That’s important, but it’s only part of the picture.
At Eastman Wealth Strategies, we see insurance differently. We view it as the foundation of a resilient financial plan that protects your income and covers health risks.
And when it’s structured properly, it also builds tax-free wealth you can use while you’re living.
Take our Financial Control & Tax Efficiency Scorecard to see how well your coverage works and where hidden risks may exist.
Insurance coverage should never be piecemeal, but rather comprehensive.
Many families collect policies along the way—life insurance at work, a disability rider here, a health plan there—without ever seeing how those pieces fit together. The result is duplication in some areas, and dangerous gaps in others.
Our role is to design a coordinated plan that ensures your coverage is complete, efficient, and aligned with your long-term goals. This includes:
Life Insurance:
Term, whole, and advanced permanent designs for both protection and wealth-building.
Disability Insurance:
Income replacement if illness or injury prevents you from working.
Health Insurance:
Guidance on coverage, Medicare, and supplemental plans.
Long-Term Care Insurance:
Protection against the costs of assisted living or nursing care that can drain retirement savings.
Business Protection:
Key person coverage, buy-sell agreements, and succession strategies for business owners.
When these are properly integrated, you gain peace of mind knowing your family, health, income, and legacy are protected.
Consider a family with a mix of policies purchased over the years: term life from an old employer, partial disability coverage, and a health plan that changes with jobs.
On paper, they feel covered. But when illness or accident strikes, they find themselves underinsured in one area and overpaying in another.
Comprehensive planning eliminates this risk. By reviewing everything together, we can close gaps, reduce inefficiencies, and ensure your insurance dollars are working as hard as you do.
Of all the insurance strategies we use, the most transformative for retirement and tax planning is the 7702 account.
Defined by the IRS tax code, this is a specialized form of permanent life insurance structured to maximize living benefits, not just a death benefit.
A properly designed 7702 account offers:
Tax-free growth and withdrawals.
Protection against market losses with a 0% floor.
Annual gains locked in for uninterrupted compounding.
Flexible access to funds at any age, without penalties.
Income-tax-free transfer to heirs.
Optional living benefits if you face chronic or terminal illness.
These benefits make 7702 accounts a cornerstone for families who want both protection and financial growth.
Insurance planning is for families, professionals, and business owners who want both protection and efficiency.
It’s for pre-retirees and retirees who know healthcare costs, disability, or market downturns could threaten their savings.
And it’s for high earners who want to redirect money they’d otherwise lose to taxes.
It isn’t for people seeking the cheapest product without considering long-term impact, or those who prefer to manage coverage piecemeal without coordination.
Our founder Earl Eastman has guided families through insurance planning for nearly 50 years.
Unlike agents who push products, Earl uses a contrarian approach rooted in stewardship and results. He designs strategies he personally uses, and he coordinates with your CPA and attorney to ensure your insurance plan integrates with your tax, retirement, and estate strategies.
The goal isn’t to sell a policy. It’s to give you clarity, protection, and a stronger financial foundation.
Want to see how efficient and coordinated your insurance planning really is? Start with our Financial Control & Tax Efficiency Scorecard. Ten quick questions give you instant clarity.
If you’d rather talk it through directly, schedule a relaxed, 20-minute Discovery Call. Together we’ll explore how comprehensive insurance planning, including the power of 7702 accounts, can protect your future.
*Disclaimer: Financial Advisors do not provide specific tax/legal advice and this information should not be considered as such. You should always consult your tax/legal advisor regarding your own specific tax/legal situation. Separate from the financial plan and our role as a financial planner, we may recommend the purchase of specific investment or insurance products or account. These product recommendations are not part of the financial plan and you are under no obligation to follow them. Life insurance products contain fees, such as mortality and expense charges (which may increase over time), and may contain restrictions, such as surrender periods.