BeamaLife Blog

Many people question the difference between an Insurance Agent and an Insurance Broker. Here is a brief description of the two:
Insurance agents represent one or more Insurance Companies and work on their employers behalf. When someone is interested in purchasing insurance, the agent primarily obtains quotes on products from the insurance carriers they work for, [...]

Higher-education experts say the Obama administration has proposed the broadest overhaul of federal college aid programs in decades. But for all the focus on the size of the budget, it has been hard to tell just what this means for students and their families. A detail article by The New York Times:
http://www.nytimes.com/2009/03/11/your-money/student-loans/loanprimer.html
BeamaLife’s mission is to [...]

There are several reasons why you may want to replace your current life insurance policy with a new one.
If you have term life insurance, you may want to replace your policy to reduce the price, extend the coverage period, or increase the amount of insurance. Keep in mind, though, that you likely will be required [...]

There’s really no such thing as nursing home insurance. What you’re probably referring to is long-term care insurance (LTCI), which typically provides coverage for several different types of long-term care, including nursing home care. For example, home health care, adult day care, and assisted-living care will also be covered under a typical LTCI policy.
Although LTCI [...]

Since the main purpose of life insurance is to protect against financial loss when someone dies, it’s not required to purchase life insurance on child as there will be no loss of income.  Although your child’s death would be a tragedy, it would probably not affect your family much financially unless he or she was [...]

The price or premium you pay for life insurance depends on your age, your health, and your lifestyle. However, there are ways to lower your life insurance premiums. The following are some simple suggestions.
Often, you’ll actually pay less for a little more insurance as you approach multiples of $250,000 in coverage. For example, $240,000 of coverage [...]

Between the recession and the rising cost of college, more families than ever are filing the FAFSA (Free Application for Federal Student Aid) this year, their first step toward Pell grants, Stafford loans, Perkins loans, work-study programs and much state aid. As of Feb. 15, the Department of Education had already received 2,213,408 forms, 20 [...]

There are some individuals who feel that the process of buying Life Insurance is like ordering a pizza, just pick up the phone and soon you will have what you ordered. What people fail to realize is that Life Insurance is the most valuable gift you can give to your loved ones and that the [...]

Let’s take a moment and be honest, “Life Insurance is complicated”; there…I said it, whew! There are many options to choose from and unlike buying a car or a house you can’t sit in it or walk around in it, you just have to trust that the person selling it to you knows more than [...]

Time magazine had a wonderful article explaining why the life insurance industry is so much safer than all the other financial service industries. The article explained that insurance companies only held about ten percent of total assets in the real estate investments that pulverized the bank and investment industries. The article even explains that AIG, [...]