Beamalife Blog

Disability Insurance

8 Tax-Efficient Retirement Plans for Your Business

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The first priority of every business is making a profit.  And unless you’re a sole proprietor, your workforce is one of the keys to achieving this goal.  Every business works

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529 College Savings Plans

529 College Savings Plans Pros and Cons

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If you are wondering what is 529 college savings plan, then, you are not alone. You’ve probably heard about qualified 529 plans or state-sponsored 529 college savings plans. Congress created

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Is Whole Life Insurance Attractive

If Whole Life Insurance Is So Attractive, Why Haven’t I Heard?

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So you’ve read about how the best whole life insurance consists of: coverage for your entire life; guaranteed premiums; the tax-deferred cash value build-up; tax-free death benefits;  tax-free access to

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3 Traps to Avoid When Seeking out the Best 401(k) Plans

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In addition to providing retirement benefits for small business owners and their employees, the 401(k) plans are able to significantly lighten the burden of annual income taxes. While good plans

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Effect of Interest Rates Changes

The Effect of Interest Rates Changes on Your Financial Situation

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When discussing bank accounts, investments, loans, and mortgages, it is important to understand the concept of interest rates. Interest is the price you pay for the temporary use of someone

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Capital Gains Tax on Property or Investments

6 Tips to Manage Capital Gains Tax on Property or Investments

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If not tracked and managed properly, capital gains tax can come as a large surprise at tax-filing time. In fact, many taxpayers don’t realize they have a capital gain until

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Pros and Cons of Whole Life Insurance

The Pros and Cons of Whole Life Insurance!

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Whole life insurance, also known as traditional permanent life insurance, is one of the most common and oldest forms of life insurance. A whole life insurance policy covers one’s entire

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Advance Medical Directive or a Living Will

Why Does a Doctor Need an Advance Medical Directive or a Living Will? Find Out to Protect Your Assets!

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Every day doctors come across families that are struggling with acceptance and death. When a loved one is sick beyond cure, it is indeed an emotional, ethical and legal gridlock.

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Small Businesses Involve Family in Estate Planning

How Can Small Businesses Involve Family in Estate Planning to Become More Tax Efficient?

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It takes years to develop a business. You must still remember the first day you decided to practice privately and started looking for real estate to support your dreams. Sometimes

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private clinic or a co-owned clinic

What Will Happen to Your Clinic and Your Property Once You Are Gone?

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Are you a doctor with your own practice? Your practice at your private clinic or a co-owned clinic usually classifies as a small business. You have certain investments in the

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