Life Insurance in Madison
Want to buy life insurance but don’t know which plan you should choose? Contact our Madison life insurance specialists now. In order to select the option that works best for you, we’ll take your unique situation into consideration. Call us now to take the necessary steps towards a more secure future.
What’s Life Insurance?
Life insurance is an agreement between a person and an insurance company. The customer agrees to pay a specified amount at regular intervals, which is known as a “premium”. In return, the company will pay a lump sum to a designated beneficiary under certain circumstances (usually the policyholder’s death).
What are the pros & cons of term & universal life insurance
With term life insurance, the owner of the policy pays for a certain time period and the benefits are only available for a fixed period.
Whole or universal life insurance is guaranteed for the owner’s entire life. If set up correctly, universal or whole life insurance plans can provide easy access to needed funds, while providing tax-advantaged growth of wealth.
Each form of life insurance has benefits. Talk to our life insurance professionals in Madison to learn about the best solution for you.
What are the financial benefits of life insurance policy as opposed to investing in other ways?
Every investment program has its pros and cons depending on each client’s unique financial circumstance. Finding an experienced financial advisor is the right way to ensure you make the right choice.
Who Needs Life Insurance?
Everybody needs a life insurance policy! It really doesn’t matter if you are 22 or 72; you still have a need for this important financial product.
Why Should Everyone Purchase Life Insurance?
- Funerals can cost tens of thousands of dollars. Why put that burden on your family?
- To pay for the expense of children that may still be living at home.
- To pay off mortgages and other debts.
These reasons are only the tip of the iceberg. Contact a Retirement Income Strategies life insurance professional to learn more about your options.