Life Insurance in Madison
Looking for life insurance but don’t know which plan you should choose? Contact our Madison life insurance specialists today. We will look over your unique situation in order to find the option that will work best for you. Call us today to take the necessary steps towards improved financial security.
About Senior Life Insurance
In a senior life insurance contact, an agreement is made between a customer and an insurance agency. The customer pays a specified amount, or “premium”, on a regular basis, and in return the company pays a designated amount to a beneficiary under certain circumstances (generally at the policy owner’s time of death).
Term & Universal life insurance?
Term life insurance means the owner of the policy is only required to pay for a specified time frame, and the benefit to your heirs only lasts for a fixed period.
Universal or whole senior life insurance is guaranteed for the duration of the owner’s life. If set up correctly, universal or whole senior life insurance plans provide quick access to needed funds, while providing tax-advantaged growth of wealth.
Each type has benefits. To find out which senior life insurance solution will work for you, talk to our Madison insurance professionals.
How does senior life insurance compare to other investment options?
Every investment strategy has its pros and cons depending on each client’s individual circumstances. This is why choosing a financial professional is so important.
Who needs senior life insurance?
The simple answer? Everyone should buy a senior life insurance policy.
Why should you purchase senior life insurance?
- Funerals cost thousands of dollars. Why place that burden on your family?
- To cover the expense of children still living at home.
- Pay off mortgages and other debts.
There are lots of other reasons to purchase senior life insurance. Talk to a Retirement Income Strategies senior life insurance professional to find out more about your options.