Are You Covered for Travel Abroad?

Eagle Wealth Management |


World travel, both for business and pleasure, is on the rise again.  This time at home has given us plenty of time to plan the trips we’ve been putting off. 

Along with the increased tourism is the risk exposure for travelers.  Liabilities and risks that most people typically cover with a typical homeowner’s policy or travel benefits from their credit card companies are multiplied when traveling the globe.  Everything from personal liabilities to auto coverage to medical coverage suddenly becomes more complicated and traditional insurance solutions can fall short of providing the needed protection.  Here are a few things to keep in mind if you’re setting sail this summer.  

Driving Internationally

Driving a car in a foreign country is difficult enough when you aren’t familiar with the geography, but it can be a nightmare if you don’t have the right kind of insurance coverage.  Relying on the pay-as-you-go coverage provided by car rental companies or other local insurers can be costly especially if it doesn’t provide the liability limits you might need.

If you travel extensively overseas, look into having auto insurance that provides maximum coverage for the vehicles you drive anywhere in the world.  Most luxury car insurance plans include this kind of coverage in their policy.  Check your personal umbrella policy to ensure that it covers you worldwide.

Your Health Comes First

With most health insurance plans, your full coverage stops at the shores of the United States.  The good news is that most developed countries will provide medical care should you need it.  

If you are a frequent global traveler, you multiply the risk of becoming ill or injured overseas.  The only type of medical coverage that can ensure quick and quality medical care is an extended travel insurance policy which provides excess medical coverage for co-pays, deductibles and hospital charges that are not likely to be covered by your personal health insurance plan.  Comprehensive travel insurance plans will also cover the expense of emergency transportation to quality medical facilities.

Secure your Phone Plan

You’ll likely want access to your cell phone to stay in contact with loved ones at home or navigate a new city.  There are a few options to avoid racking up a sky-high cell phone bill while you’re abroad.  Reach out to your carrier to ask about international plans.  You can also download messaging apps like WhatsApp, Skype, or Google Voice.  If you prefer to keep it simple, you can stick to Wi-Fi but make sure to research that your lodging accommodations offer that service.  

Prepare for the Unexpected

Make sure you have access to all of your important documents if you become separated from your belongings.  Keep in mind that your wealthview vault is a secure place to store copies of your passport, travel visa, and travel insurance policy.  

Remember, travel doesn’t have to be stressful.  All you need is a plan, a little organization, and an appetite for adventure.  Let us know if you’re planning a trip abroad.  We’d love to hear about it.

Happy trails,

Your Eagle Wealth Team

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5 Health Benefits of Owning a Dog

It’s true:  America loves dogs. Besides our four-legged best friends being cute, friendly, and always glad to see us, they offer a whole host of health benefits to keep our spirits up, help to combat loneliness, and have an excuse to get outside for some fresh air and exercise. Here are a few added benefits of canine ownership:

  • Pet your dog for stress relief. Petting a dog reduces stress. It triggers your brain to release oxytocin (known as the “love hormone”) and reduces the release of cortisol (a stress hormone).
  • Unconditional love. No pressure—your dog loves you no matter what. Sometimes it’s just what the doctor ordered.
  • Never lonely. The companionship of a dog can alleviate feelings of loneliness and give meaning because a dog needs consistent care. Dogs are also good for those who have trouble connecting with other people, such as those diagnosed with PTSD or dementia.
  • Better than blood pressure pills. Studies have shown that in some cases, dog ownership may help lower cortisol levels, which in turn, could result in lower blood pressure.


Tip adapted from Canine Weekly

The Week on Wall Street

Stocks rallied last week as investor spirits lifted thanks to a better-than-expected start to the second-quarter earnings season.

The Dow Jones Industrial Average gained 1.95%, while the Standard & Poor’s 500 added 2.55%. The Nasdaq Composite index jumped 3.33% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, advanced 3.54%.1,2,3


Earnings Propel Stocks

Earnings season kicked off last week, with major banks reporting second-quarter results. While their results were mixed, they appeared to indicate that consumers and businesses remained reasonably healthy–a perspective that helped erase some negative sentiment overhanging the market.

As the week progressed, stocks gained momentum as earnings results poured in from different sectors of the economy, showing that businesses were navigating higher inflation and slowing growth better than investors feared. Technology and other gloomier sectors were among the market’s best performers for the week. A few disappointing corporate reports and a weak economic report sent stocks lower to close out a solid week.

Cracks in the Foundation 

Data released last week indicated more trouble in the housing market. The latest monthly homebuilder sentiment survey showed the single largest monthly drop in its 37-year history, except for April 2020. The sentiment report preceded a drop in June housing starts and issued building permits. Housing starts declined for the second month, falling 2.0% and surprising economists who had expected an increase.4,5

Housing weakness made itself known through a 5.4% month-over-month decline in June's existing home sales, representing the slowest pace since June 2020. Increasing prices and higher mortgage rates demonstrated drags on buyer demand.6




Tuesday:  New Home Sales
Wednesday:  FOMC Announcement. Durable Goods Orders
Thursday:  Gross Domestic Product (GDP). Jobless Claims


Source: Econoday, July 22, 2022
The Econoday economic calendar lists upcoming U.S. economic data releases (including key economic indicators), Federal Reserve policy meetings, and speaking engagements of Federal Reserve officials. The content is developed from sources believed to be providing accurate information. The forecasts or forward-looking statements are based on assumptions and may not materialize. The forecasts also are subject to revision.



Tuesday:  Microsoft Corporation (MSFT), General Electric Company (GE), Visa, Inc. (V), Alphabet, Inc. (GOOGL), General Motors Company (GM), The Coca Cola Company (KO), McDonald’s Corporation (MCD), Archer Daniels Midland Company (ADM), 3M Company (MMM), Texas Instruments, Inc. (TXN), United Parcel Service, Inc. (UPS), KimberlyClark Corporation (KMB)


Wednesday:  The Boeing Company (BA), Ford Motor Company (F), Qualcomm, Inc. (QCOM), Bristol Myers Squibb Company (BMY), Lam Research Corporation (LRCX), Shopify, Inc. (SHOP), ServiceNow, Inc. (NOW), General Dynamics Corporation (GD), Norfolk Southern Corporation (NSC)

Thursday:  Apple, Inc. (AAPL), Intel Corporation (INTC), Mastercard, Inc. (MA), Pfizer, Inc. (PFE), Merck & Co., Inc. (MRK), The Southern Company (SO), Northrop Grumman Corporation (NOC), Southwest Airlines (LUV)

Friday:  AbbVie, Inc. (ABBV), Exxon Mobil Corporation (XOM), Chevron Corporation (CVX), The Procter & Gamble Company (PG), ColgatePalmolive Company (CL)

Source: Zacks, July 22, 2022
Companies mentioned are for informational purposes only. It should not be considered a solicitation for the purchase or sale of the securities. Investing involves risks, and investment decisions should be based on your own goals, time horizon, and tolerance for risk. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost. Companies may reschedule when they report earnings without notice.

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Any companies mentioned are for informational purposes only, and this should not be considered a solicitation for the purchase or sale of their securities. Any investment should be consistent with your objectives, time frame, and risk tolerance

1. The Wall Street Journal, July 22, 2022
2. The Wall Street Journal, July 22, 2022
3. The Wall Street Journal, July 22, 2022
4. CNBC, July 18, 2022
5. The Wall Street Journal, July 19, 2022
6. CNBC, July 20, 2022
Investing involves risks, and investment decisions should be based on your own goals, time horizon, and tolerance for risk. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost.
The forecasts or forward-looking statements are based on assumptions, may not materialize, and are subject to revision without notice.
The market indexes discussed are unmanaged, and generally, considered representative of their respective markets. Index performance is not indicative of the past performance of a particular investment. Indexes do not incur management fees, costs, and expenses. Individuals cannot directly invest in unmanaged indexes. Past performance does not guarantee future results.
The Dow Jones Industrial Average is an unmanaged index that is generally considered representative of large-capitalization companies on the U.S. stock market. Nasdaq Composite is an index of the common stocks and similar securities listed on the NASDAQ stock market and is considered a broad indicator of the performance of technology and growth companies. The MSCI EAFE Index was created by Morgan Stanley Capital International (MSCI) and serves as a benchmark of the performance of major international equity markets, as represented by 21 major MSCI indexes from Europe, Australia, and Southeast Asia. The S&P 500 Composite Index is an unmanaged group of securities that are considered to be representative of the stock market in general.
U.S. Treasury Notes are guaranteed by the federal government as to the timely payment of principal and interest. However, if you sell a Treasury Note prior to maturity, it may be worth more or less than the original price paid. Fixed income investments are subject to various risks including changes in interest rates, credit quality, inflation risk, market valuations, prepayments, corporate events, tax ramifications and other factors.
International investments carry additional risks, which include differences in financial reporting standards, currency exchange rates, political risks unique to a specific country, foreign taxes and regulations, and the potential for illiquid markets. These factors may result in greater share price volatility.
Please consult your financial professional for additional information.
This content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG is not affiliated with the named representative, financial professional, Registered Investment Advisor, Broker-Dealer, nor state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and they should not be considered a solicitation for the purchase or sale of any security.  Copyright 2022 FMG Suite.