Madison Life Insurance
Retirement Income Strategies is your life insurance specialists in the Madison area. Our life insurance professionals will help you find the best life insurance option for your unique situation. Secure your financial future. Please call us today.
What’s senior life insurance?
In a senior life insurance contact, an agreement is made between an insurance provider and a customer. The company pays a lump sum to a designated beneficiary in the event of the policyholder’s death in return for scheduled payments, or premium.
Term & Universal life insurance?
Term life insurance means the owner of the policy is only required to pay for specific time frame, and the benefit only lasts for a fixed period.
In contrast, universal or whole senior 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.
There are benefits to both types of senior life insurance. Call one of our Madison insurance professionals to learn which life solution is best for you.
How does senior life insurance compare to other investment options?
The benefits and disadvantages every investment strategy will be unique to you, depending on your financial circumstances. To make the correct choice, working with an experienced financial professional is imperative.
Who needs senior life insurance?
Everyone needs senior life insurance coverage! It really doesn’t matter if you are 26 or 76; you have a need for this important financial product.
Why should you purchase senior life insurance?
- Remove the burden of paying for funeral expenses from your family.
- To cover the cost of living, such as tuition, food, and utility bills.
- Pay off mortgages and other debts.
There are many other reasons to buy senior life insurance. Talk to a Retirement Income Strategies senior life insurance professional today to learn more.