Senior Life Insurance in Madison
Retirement Income Strategies is the solution if you’re looking for life insurance in Madison. We provide life insurance professionals to help find the best life insurance option for your unique situation. Stabilize your financial future. Call us today.
What’s senior life insurance?
In a senior life insurance contact, an agreement is made between an insurance agency and a customer. The customer pays a specified amount of money at regular intervals, which is known as a “premium”. In return, the company will pay a lump sum to a designated beneficiary under certain circumstances (usually the policyholder’s death).
Universal & Term life insurance?
Term life insurance means the owner of the policy is only required to pay for a specified time period, 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, whole or universal senior life insurance plans can provide simple access to funds, while also providing for tax-advantaged growth of wealth.
There are benefits to both kinds of senior life insurance. Talk to our licensed Madison senior life insurance professionals to find out the best solution for you.
How does senior life insurance compare to other investment options?
Depending on our financial circumstance, there will be pros and cons to every investment program. The most important thing to consider is selecting an experienced financial professional who will take care of your needs.
Who needs senior life insurance?
Every adult, no matter how old, 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, groceries, and utility bills.
- Pay off mortgages and other debts.
These are just a few of the reasons why you need senior life insurance. Talk to a senior life insurance professional at Retirement Income Strategies to find out more about your options.