Senior Life Insurance in Madison
Our staff of life insurance specialists in Madison can help you through the unfamiliar process of selecting your life insurance policy. In order to choose the option that will work best for you, we’ll take your specific situation into consideration. Add a little extra stability to your future by calling us now.
What is senior life insurance?
Senior life insurance creates an agreement between an insurance provider and a customer. The insurance company agrees to pay a lump sum to a designated beneficiary in the event of the policyholder’s death in return for scheduled payments, or premium.
Universal & Term life insurance?
Term life insurance means the owner of the policy is only required to pay for a specified time frame, and the benefit only lasts for a certain time.
Conversely, universal or whole senior life insurance is guaranteed for the entire duration of the owner’s life. If set up correctly, these senior life insurance plans can provide quick access to needed funds, while also providing for tax-advantaged growth of wealth.
Each type offers benefits. Call one of our Madison insurance professionals to learn which life insurance solution is best for you.
What are the financial benefits of owning a senior life insurance policy compared to investing in other ways?
The pluses and minuses of each investment program will be unique to you, depending on your financial situation. The most important thing to think about is selecting an experienced financial professional who will take care of your needs.
Who needs senior life insurance?
Every adult, no matter what age, has a need for senior life insurance.
Why should you buy senior life insurance?
- Remove the burden of paying for funeral costs from your family members.
- To pay for living expenses, such as school fees, food, and bill payments.
- Paying off debts that have been left behind, such as mortgages.
These reasons are just the beginning. Talk to a Retirement Income Strategies senior life insurance professional today to learn more.