BeamaLife Blog

Single people with no children often don’t need life insurance because no one is relying on their income. But there are some reasons why you might need life insurance if you’re single.
If you died, who would pay for your funeral? Even a simple ceremony could be costly. If you don’t have life insurance, someone else [...]

Estate planning allows you or anyone to implement certain tools now to ensure that your concerns and goals are fulfilled after you die. Your objective may be to simply make sure that your loved ones are provided for. Or you may have more complex goals, such as avoiding probate or reducing those dreaded estate taxes.
Estate [...]

A new tax law with some very favorable tax treatment for long term care benefits from annuities and life insurance has been passed. As of January 2010, any withdrawals or early distributions from life insurance or annuity products to pay tax-qualified long-term care expenses will be tax free – yes, tax free!

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 [...]

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 [...]

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 [...]

The Wall Street journal published an estate tax article on the top fold of the paper two days ago highlighting President-Elect Obama’s intent to retain the tax. Both chambers of Congress have debated the merits of seemingly inevitable stimulus legislation. Obama has met resistance from members of his own party regarding his intent to include [...]

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, [...]