BeamaLife Blog

With tuition costs rising dramatically over the past 20 years, it’s no wonder that financially savvy parents have started saving more money more quickly, just to make sure there’s enough to put the kids through college when the time comes.  And 529 college savings plans have been promoted as the number one way to set [...]

There’s an old saying that goes, “there are two kinds of people in the world: those that divide the world into two types of people, and those that don’t.”  You have to love the logic of Aristotle, even when it sounds funny, like that old saying does.  But a recent Gallup poll did divide people [...]

Okay, so I’m not the biggest fan of country music, but I know a wise saying when I hear one, and recently I read where country superstar Garth Brooks once said “The greatest conflicts are not between two people, but between one person and himself.”  And according to a recent study, that’s becoming more and [...]

We’re all familiar with the difficulties facing our country and fellow Americans due to the current economic downturn.  But did you know that according to a recent survey, one in four Americans say that at least one member of their family has lost health insurance coverage in the last year?  Those were the findings of [...]

Aristotle once wrote that “happiness is the highest good” because it’s the only thing that we don’t pursue for the sake of something else.  Think about it.  Why do we work hard?  We may love our work, but for most people, work is about making money.  And having money is about being secure, and being [...]

ING – one of the largest financial services groups based in Europe with a significant presence in the United States, announced plans to split its banking and insurance/investment management operations with the goal of selling off its insurance operations over the next few years.
ING is selling its insurance business to gain approval from European competition [...]

I want to share with you these eye popping disability trends. The Council for Disability Awareness (CDA) conducts an annual review of long-term disability claims among the U.S. working population to determine continuing or emerging trends. The 2007 CDA Long-Term Disability Claims Review includes long-term disability insurance claims data from member companies and Social Security [...]

Too often, you have been advised to buy term insurance and invest the difference in the stock market for better return. Even though this sounds convincing on paper, it lacks verifiable facts, ignores feasibility of continue investing in stock market and demonstrate ignorance of life insurance tax advantage. When you calculate long term compounding tax [...]

Most of the time we view life insurance as an expense - especially the term insurance but the greatest strength of life insurance is the ability to pay a specified amount on the death of an insured. For what can be a relatively small amount of money each year, your beneficiaries (your family and loved ones) can [...]

BEAMALIFE COMMENTARY: The hybrid aspects of guaranteed universal life insurance are the simplest and most reliable ways to obtain financial security for the rest of your life.