Madison Life Insurance
Our specialists are the answer you’re looking for if you need life insurance in Madison. We provide life insurance professionals to help find the best life insurance option for your specific situation. Contact us now to take steps towards improved financial security.
About Senior Life Insurance
In a senior life insurance contact, an agreement is made between an insurance provider and a customer. The customer agrees to pay a specified amount, called a “premium”, on a regular basis, and in return the company agrees to pay a lump sum to the designated beneficiary under certain circumstances (usually at the policy owner’s time of death).
What is the difference between term & universal life insurance?
Term life insurance is linked to a specified time period, regarding both the premium payments and the payout.
Whole or universal senior life insurance is guaranteed for the duration of the owner’s life. This life insurance offers easy access to funds and provides tax-advantaged wealth growth.
Each form of senior life insurance has benefits. Talk to our licensed Madison senior life insurance professionals to find out the best solution for you.
What are the financial benefits of a senior life insurance policy compared to investing in other ways?
The pluses and minuses of each investment plan will be specific to you, depending on your financial situation. If you want to make the right choice, you need to find an experienced financial professional.
Who needs senior life insurance?
Everybody needs senior life insurance coverage! It doesn’t matter if you are 25 or 75; you still have a need for this important financial product.
Why should you purchase senior life insurance?
- Remove the burden of paying for funeral costs from your family.
- To pay for the expense of children that may still be living at home.
- Pay off mortgages and other debts.
These three reasons are just the beginning. Contact a senior life insurance professional at Retirement Income Strategies to learn more about your options.