Financial Planning for Protection, Growing & Transferring Your Wealth

Financial planning offers a road-map for preserving and growing your assets. A comprehensive plan helps you balance competing financial priorities, implement specific goal strategies and keep more of the money you earn.

Contrary to popular belief, financial planning is not just another phrase for “investing.” It’s a long-term process that links your finances to your goals. You and your financial planner need to address where you are today – your personal balance sheet – and where you want to be tomorrow. Through asset allocation, proper risk management, proper estate planning documents, and other tax, financial, savings & investment strategies, you can then begin an informed journey.

There are three key pillars in a secure financial planning foundation:


This includes protecting what you already have and built such as your current savings, investments, business assets, your home, your ability to earn income and financial security to your family. This can be accomplish by combination of various strategy and financial products such as asset protection plan and strategy, disability income insurance, life insurance, proper property and umbrella insurance and proper will and estate planning documents.

Choosing the right insurance solutions for risk management – in the right amounts and for the right reasons – is both a wise financial strategy as well as a responsible and caring act that provides loved ones with a genuine feeling of security.


This stage is much more exciting and includes various investment, business growth and wealth creation strategies and products. This where you put in various money principles in a place to make your investments work harder and create stunning in investment portfolio. Besides employing smart wealth creation strategies it includes – stocks, bonds, real estate, gold, commodities, cash value life insurance such as whole life and indexed universal life, annuities and other alternative investments. Keep in mind, it’s not one asset class or one kind of investment but well crafted and balance portfolio will create substantial assets over the longer term period.


This stage includes primarily protecting and transferring your hard earned wealth during your lifetime with proper asset protection and estate planning. Without proper protection planning, all of your visions of a secure future for you and the generations to come can be easily toppled. This includes creating proper estate planning strategies, documentation and life insurance.

Estate cash and income needs

If you’ve amassed significant wealth, a little planning can go a long way in helping you save in estate taxes. Many families find they are temporarily “cash poor” after a death; it takes time to liquidate many assets. As a result, an Irrevocable Life Insurance Trust (ILIT) funded with a life insurance policy can be used to create nearly instant liquidity and save frustration and headaches.

Just as importantly, depending on the size of the estate, federal estate and income taxes, state taxes and other levies can dramatically shrink assets. Add on estate taxes are typically payable within the 9 months of death. Life insurance, when structured correctly, could, at the very least, help your family pay estate taxes from the proceeds of the policy.

Estate distribution

Keeping family harmony is another goal of life insurance. Assume that the business – or perhaps the family home – is going to one of four children. That’s a large asset and siblings may feel angry or shortchanged. Life insurance can help by making the division of assets more equitable.

In addition, the estate owner can earmark estate assets for charitable giving, ensuring that the support of a favorite charity lives on…and quite possibly, saving on taxes as well.

Special needs

Providing for children with special needs presents its own unique difficulties. Life insurance may be a cost-effective way to help provide for future financial needs

Save On Taxes and Preserve Your Estate

While the basic premise of life insurance is protection, most wealthy families are also using it as a long-term savings/investment and wealth creation resource. Let’s take at the reasons why permanent high cash value life insurance makes sense as part of your financial planning.

Family protection

Even after death, life goes on. The mortgage needs to be paid and so do auto, school and home equity loans, college costs, as well as final expenses: hospital bills, funeral and burial or cremation costs.

Used in its most traditional sense, life insurance provides critical money at a time when a family is emotionally overwhelmed. It can easily be tapped into to pay off housing expenses, outstanding debt, and provide replacement income.


1. Develop strategies aligned with your personal goals and objectives.

2. Prepare strategically for large expenses on the horizon such as college savings for your children.

3. Help ensure the wealth you have accumulated supports the lifestyle you envision for your retirement years.

4. Minimize your current income tax burden and future potential estate taxes.

To put it another way, in the voice of author Nick Murray: “We insure against what can go wrong in order to acquire the luxury of investing for what can go right.”

We have helped more 3000 physicians, 1000 dentists, 3000 successful business owners and 600 independent pharmacy owners create most optimal asset allocation, reduce taxes and almost double their retirement income, preparing proper estate planning documents and various life insurance based planning for last 20 years. If you like this article then love to help you with your financial planning. Please call (877) 972-3262 or complete contact us to speak Neil Jesani, CFP.

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Regardless of the topic or question, BeamaLife has unique individuals with the right background to address my concerns. As a result, I have a much clearer understanding of how certain wealth creation strategies were the right fit for my company. I also have been able to take much higher income tax deductions for the corporation by implementing a plan set forth by Neil Jesani. They have maintained an unmatched level of professionalism during my interactions with them over the years.”

Mr. Peters
Software Company Owner, California

“BeamaLife was referred to me by my CPA for my pension plan funding. I also wanted to take care of my estate tax need. Neil and his team have done a superb job of creatively funding my pension plan, acquiring most cost-effective life insurance for our estate planning need with very minimum out pocket using velocity of money principle and putting my existing investment to second use. They also help us setting up all our estate planning documents.”

Dr. Martin
New Jersey

“BeamaLife has been a great advisor to us for many, many years. They not only helped us take higher income tax deductions but, also helped us organize our investment portfolio in an efficient manner. Through this relationship, we were able to create substantial wealth with the very low out-of-pocket expense. Neil Jesani from BeamaLife is very responsive, professional and extremely knowledgeable”

Mr. Sakaria
Multiple Pharmacy Owner, New York

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