Compare Term, Universal and Whole Life Insurance Quotes from Top 100 Insurance Companies!
BeamaLife has develop the latest technology that helps you research and compare the top 100 life insurance companies so you can save significant amounts on various life insurance quotes. Our salaried and expert advisors will also help you with smart Tax Planning, Retirement & College Savings plans and various other plans like Annuities, Disability Insurance and Long Term Care Insurance.
Let’s understand the most misunderstood LIFE INSURANCE
One of the most valuable functions of life insurance is to create “CASH” for you and your loved ones when you need it most. This “cash” or “death benefit” guarantees that your surviving spouse can raise your family while maintaining their established standard of living, be able to pay off your mortgage and send your children to the best universities in the event the worst does happen. But life insurance is much more than just a death benefit.
The fact is, when you buy whole life insurance, a one of a kind of permanent insurance, you are buying a money-making machine that creates tax-efficient dollars for you while you’re alive. Whole life plan provides very attractive, long term returns on your premium dollars without stock market risk.
The tax advantages and superb fixed returns have attracted institutions such as banks, large corporations and charitable endowment funds to buy lots and lots of permanent life insurance. Wealthy people have used these highly discounted life insurance dollars very strategically throughout the past century, and they continue to use them for solid wealth creation and tax reduction purposes.
Types of Policies – Term, Universal and Whole Life Insurance
Term life is a pure death benefit. You pay initial lower premiums for a specific period such as 10, 20 or 30 years then your premium goes up substantially if you want to continue the insurance protection. Term life is most appropriate when you need life insurance but have a very limited budget, due to your personal financial circumstances. Term insurance is most suited to lower income young couples, resident doctors, new entrepreneurs or anyone with tight budget.
Whole life is like buying a house. Whole life provides protection for your entire life with many living benefits. This highly tax-efficient whole life plan is best suited to successful couples, middle-aged physicians, attorneys, engineers, business owners and established professionals.
No lapse guaranteed universal life insurance provides permanent benefits with very reasonable fixed premiums. In fact, this kind of universal life policy is like having life long term life that will never expire. Successful people over the age of 55 with permanent insurance needs are best suited for this kind of policy. This plan works best for estate tax liquidity needs, charitable gift purposes and for legacy and wealth creation for your spouse and your next generation of heirs.
For your free life insurance quotes comparison online please click here or call (877) 972-3262 to speak with our highly knowledgeable adviser now.