Life Insurance in Madison, Wisconsin
Looking for life insurance but aren’t sure which plan you should choose? Talk to our life insurance specialists in Madison now. In order to choose the option that is best for you, we’ll take your specific situation into consideration. Contact us now to take the necessary steps towards improved financial security.
About Life Insurance
Life insurance is an agreement between a person and an insurance provider. The customer pays a specified amount of money at regular intervals, which is called a “premium”. In return, the company agrees to pay a lump sum to a designated beneficiary under certain circumstances (usually the policyholder’s death).
What is the difference between term & universal life insurance? What are the pros & cons of each?
Term life insurance relates to a specified time period, relating to both premium payments and the payout.
In contrast, whole or universal life insurance is guaranteed for the duration of the owner’s life. If set up correctly, these life insurance plans provide quick access to needed funds, while also providing for tax-advantaged growth of wealth.
Both kinds of life insurance offer benefits. To learn which life insurance solution will work for you, talk to our Madison insurance professionals.
What are the benefits of life insurance policy as opposed to investing in other ways?
Every investment plan has its pros and cons depending on your individual financial circumstance. To make the right choice, selecting an experienced financial advisor is necessary.
Who Needs Life Insurance?
Everybody needs life insurance coverage! It doesn’t matter if you are 28 or 78; you still have a need for this important product.
Why Should Everyone Purchase Life Insurance?
- Provide the means for your family to pay for funeral costs.
- To cover school fees, bill payments, food, and other costs of living.
- Paying off outstanding debts, such as mortgages.
There are several other reasons to purchase life insurance. Learn more about your options by contacting a life insurance professional at Retirement Income Strategies.