Life Insurance in Madison
Our life insurance specialists are the solution you’re looking for if you need life insurance in Madison. We take your unique situation into account in order to select the option that will work best for you. Secure your financial future. Call us today.
What’s Life Insurance?
Life insurance is an agreement between an insurance provider and a customer which outlines the obligations of each party. The customer pays a certain 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 is the difference between term & universal life insurance
With term life insurance, the owner of the policy pays for a specific amount of time and the benefits lasts for a fixed period.
Conversely, whole or universal life insurance is guaranteed for the duration of the owner’s life. The benefits of this type of life insurance include easy access to funds and tax-advantaged growth of wealth.
Each form of life insurance offers benefits. Contact one of our Madison insurance professionals to learn which life solution is best for you.
What are the financial benefits of owning a life insurance policy compared to investing in other ways?
The benefits and disadvantages to every investment strategy will be unique to you, depending on your financial situation. If you want to make the correct choice, you need to find an experienced financial advisor.
Who Needs Life Insurance?
All adults, no matter how old they are, have a need for life insurance.
Why Should Everyone Buy Life Insurance?
- Funerals can cost thousands of dollars. Why place that burden on your family?
- To cover school fees, utility bills, groceries, and other costs of living.
- Paying off mortgages and other debts.
These only represent a few of the reasons why you should buy life insurance. Talk to a life insurance professional at Retirement Income Strategies to learn more about your options.