Comments for BeamaLife Blog

Comment on My child is in a college, am I entitled to any education tax credits? by John Anthony

John Anthony — Wed, 13 Jan 2010 17:39:16 +0000

Your topic My child is in a college, am I entitled to any education tax … was interesting when I found it on Wednesday searching for college savings in Google…

Comment on My Child Will be Going to College in Couple Years and We Haven’t Saved Much! by gmarris

gmarris — Thu, 07 Jan 2010 12:26:50 +0000

gmarris…

I was just checking my blog awstats and I found some traffic flowing from your blogabout My child will be going to college in couple years and we … so I landed in your world Thursday. me.Nice meeting you virtually. Hope you do all your best in upcom…

Comment on The Rise And Fall Of 529 Savings Plans by athensguy

athensguy — Tue, 22 Dec 2009 14:13:07 +0000

I am not a parent, but I am a non-traditional student. I have put money into a 529 recently, for myself. I merely chose the money market option as a way to reduce the risk of losing money. I won’t have much or any gains, but I will still get the state income tax deduction.

Comment on I have some Life Insurance, but will I be able to buy more later if I develop a medical condition? by Andrew A. Sailer

Andrew A. Sailer — Tue, 08 Dec 2009 19:16:28 +0000

I loved this long term care insurance site for quotes. To the point.

Comment on Why Payday Is Becoming The Worst Day Of the Week? by Jack Mender

Jack Mender — Mon, 30 Nov 2009 16:17:53 +0000

It seems like business is still getting hit hard. Is anybody seeing an upswing in their respective niches? Health reform seems like a mess. I generate long term care insurance leads and annuity leads for the insurance industry, but volume has been terrible in the last two months. I am afraid the worst is yet to come, but maybe it is just my attitude.

Comment on I have some Life Insurance, but will I be able to buy more later if I develop a medical condition? by Paul O'Malley

Paul O'Malley — Mon, 30 Nov 2009 03:46:50 +0000

Health reform will not cover very much long term care, at least nothing close to what long term care insurance covers.

Comment on My parents can’t manage alone anymore. What should I do? by Burton Haynes

Burton Haynes — Sat, 28 Nov 2009 22:08:18 +0000

Health Care Reform does not cover but $50 a day of long term care and only for home care. You have to pay into it for five years and then continue paying into it at over $100 per month. I think investigating long term care insurance sounds like a safer endeavor.

Comment on Whole Life Insurance – A Powerful Savings Vehicle With The Life Time Of Protection by Denise Mancini

Denise Mancini — Tue, 03 Nov 2009 21:26:25 +0000

If you have decided on a permanent life insurance policy against a term life one, you must be informed about the variations available such as universal, whole and variable life insurance. All three offer coverage for your entire life and in all policies have an investment element that builds cash value in addition to the death benefits. As long as the premiums are paid, this cash element that can be redeemed through surrenders or policy loans. A universal life insurance allows the policy holder more flexibility as it differentiates between the three elements of the policy (the death benefits, the cash value component and the expense element). The premium or face amount can be modified later on depending on the needs or requirements at the time. Variable life insurance is the most expensive insurance available in today’s market. In this type of policy, the insurer can control the investment component in terms of stocks, funds and bonds and thus bring in higher returns than most other policies. That said, the risks inherent in such a type of policy are also much higher and unless you are absolutely confident about your investment skills and have sound knowledge of the market, this option is not really recommended.

Denise at AccuQuote
Disclaimer: I work for AccuQuote and this is my personal opinion.

Comment on Am I Better of Buying Term Insurance as My Life Insurance Needs Will decrease as I Get Older? by Denise Mancini

Denise Mancini — Tue, 03 Nov 2009 21:23:16 +0000

I would like to point out that term life can be used as financial protection, to offset estate taxes, as an inheritance as well. The significant difference between whole and term life insurance can boil down to the fact that at the end of the day, a term life policy offers only life coverage. Unlike whole life insurance where there is an investment component attached. But, this in turn also makes whole life insurance policies much more expensive. This extra cost might make sense if the investments assured rich pay offs. But this is not always the case. Marketed as retirement funds or forced savings, it has to be said that there are several more effective ways to invest your money. Many of these policies come along with commissions and high fees. In comparison, term life policies are inexpensive. The money saved as compared to a whole life policy could then be invested in several more rewarding ways.

Denise at AccuQuote
Disclaimer: I work for AccuQuote and this is my personal opinion.

Comment on Life Insurance is an Asset! by Denise Mancini

Denise Mancini — Tue, 03 Nov 2009 21:21:39 +0000

There is no doubt that everyone would benefit from an insurance policy. The main reason behind taking out a life insurance policy is to replace the income of the insurer after his or her death. A dependent spouse, young children and even siblings who rely on you financially will not suffer after your demise with the correct insurance plan. Life insurance benefits can be used to cover burial and funeral expenses, debt and medical bills and estate taxes. Your beneficiaries can benefit from the inheritance of your life insurance policy benefits. Insurances such as whole life and universal life insurance with a cash value component can even be used as a mode of savings as this element can be withdrawn or borrowed on request. Insurance here acts as an enforced savings plan and is imperative for anyone who recognizes the importance of planning for the future.

Denise at AccuQuote
Disclaimer: I work for AccuQuote and this is my personal opinion.