Life Insurance in Madison, Wisconsin
Our team of Madison life insurance specialists can assist you through the unfamiliar process of selecting life insurance. We provide life insurance professionals to help find the best life insurance option for your unique situation. Stabilize your financial future. Call us today.
What is Life Insurance?
Life insurance is a contract between an insurance provider and a customer which outlines each party’s obligation to one another. The customer pays a specified amount, or “premium”, on a regular basis, and the company pays a lump sum to the designated beneficiary under certain circumstances (usually at the policy owner’s time of death).
Universal & Term Life Insurance
With term life insurance, the policy owner pays for a specific amount of time and the benefits are only available for a fixed period.
Universal or whole life insurance is guaranteed for the owner’s entire life. If set up correctly, whole or universal life insurance plans can provide easy access to needed funds, while also providing for tax-advantaged growth of wealth.
You will find benefits to both types of life insurance. Contact one of our insurance professionals in Madison to learn which life insurance solution is best for you.
What are the financial benefits of life insurance policy compared to investing in other ways?
Each type of investment strategy has its pros and cons depending on each client’s particular financial circumstance. Choosing an experienced financial advisor is the best way to ensure you make the right choice.
Who Needs Life Insurance?
The simple answer? Everyone should buy a life insurance policy.
Why Should You Buy Life Insurance?
- Provide a way for your family to pay for funeral costs.
- To cover school fees, bill payments, groceries, and other costs of living.
- Paying off outstanding debts, including mortgages.
These only represent a few of the reasons why you should buy life insurance. Contact a Retirement Income Strategies life insurance professional to learn more about your options.