Life Insurance in Madison
Want to buy life insurance but aren’t sure which plan you should select? Talk to our life insurance specialists in Madison now. We will look over your unique situation in order to find the option that will work best for you. Call us now to take the necessary steps towards a more secure future.
About Life Insurance
Life insurance is a contract between an individual and an insurance company. The policyholder agrees to pay a certain amount of money at scheduled intervals, which is called a “premium”. In return, the company agrees to pay a lump sum to a designated beneficiary after a specified event (usually the policyholder’s death).
What are the pros & cons of term & universal 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 correctly set up, universal or whole life insurance plans provide easy access to funds, while also providing for tax-advantaged growth of wealth.
Both types of life insurance have benefits. Call one of our Madison insurance professionals to learn which life solution is best for you.
How does life insurance compare to other investment options?
The pluses and minuses of to every investment plan will be unique to you, depending on your financial circumstance. This is why choosing a dependable financial advisor is so important.
Who Needs Life Insurance?
The answer is simple: Everyone should buy a life insurance policy.
Why Should You Buy Life Insurance?
- Provide the means for your family to pay for funeral expenses.
- To cover the expense of children still living at home.
- Paying off mortgages and other outstanding debts.
These only represent a portion of the reasons why you need life insurance. Learn more about your options by contacting a life insurance professional at Retirement Income Strategies.