Life Insurance in Madison
Retirement Income Strategies is a group of life insurance specialists in the area of Madison, Wisconsin. Our life insurance professionals will help you find the best life insurance option for your unique situation. Add some extra stability to your future by contacting us now.
What’s Life Insurance?
Life insurance is an agreement between an individual and an insurance provider. The customer pays a specified amount, called a “premium”, at regular intervals, and the company pays a lump sum to the designated beneficiary under certain circumstances (usually at the policy owner’s time of death).
What is the difference between universal & term life insurance? What are their pros & cons?
With term life insurance, the owner of the policy pays for a certain time period and the benefits are only available for a set period.
In contrast, whole or universal life insurance is guaranteed for the entire duration of the owner’s life. This life insurance also allows for easy access to funds and provides tax-advantaged wealth growth.
You can find benefits to both types of life insurance. To learn which life insurance solution will work for you, talk to our insurance professionals in Madison.
What are the benefits of owning a life insurance policy as opposed to investing in other ways?
The pluses and minuses of to each investment strategy will be specific to you, depending on your financial situation. Finding an experienced financial advisor is the best way to ensure you make the right choice.
Who Needs Life Insurance?
The answer is simple: everyone. Life insurance provides peace of mind to people at any stage of life.
Why Should Everyone Purchase Life Insurance?
- Funerals can cost tens of thousands of dollars. Don’t let these expenses send your family into financial distress.
- To pay for the expense of children that may still be living at home.
- Paying off debts that have been left behind, including mortgages.
These are just some of the reasons why you should buy life insurance. Talk to a Retirement Income Strategies life insurance professional today to learn more.