Madison Life Insurance
Looking for life insurance but don’t know which plan you should choose? Call our life insurance specialists in Madison today. In order to choose the option that will work best for you, we’ll take your unique situation into account. Call us today to take the necessary steps towards improved financial security.
About Senior Life Insurance
Senior life insurance is an agreement between a person and an insurance company. 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 specific period of time, and the benefit only lasts for a fixed period.
Universal or whole senior life insurance is permanent, guaranteed for the entire duration of the owner’s life. If correctly set up, these senior life insurance plans can provide simple access to needed funds, while also providing for tax-advantaged growth of wealth.
You will find benefits to both types of senior life insurance. Talk to our senior life insurance professionals in Madison to find out the best solution for you.
What are the benefits of a senior life insurance policy as opposed to investing in other ways?
Each type of investment plan has its pros and cons depending on each client’s unique financial circumstance. The most important thing to think about is how to select a professional financial professional who will take care of your needs.
Who needs senior life insurance?
All adults, no matter how old they are, have a need for senior life insurance.
Why should everyone buy senior life insurance?
- Provide the means for your family to pay for funeral expenses.
- To pay for the cost of living, such as tuition, food, and bills.
- Pay off debts that have been left behind, including mortgages.
These reasons are just the beginning. Learn more by contacting a senior life insurance professional from Retirement Income Strategies.