Madison Senior Life Insurance
Retirement Income Strategies is a group of life insurance specialists in the Madison area. In order to select the option that is right for you, we’ll take your unique situation into account. Secure your financial future. Please call us today.
About Senior Life Insurance
In a senior life insurance contact, an agreement is made between a customer and an insurance provider. The company pays a lump sum to a beneficiary in the event of the policyholder’s death in return for scheduled payments, or premium.
What is the difference between term & universal life insurance? What are their pros & cons?
With term life insurance, the owner of the policy pays for a certain time period and the benefits lasts for a fixed period.
Universal or whole senior life insurance is guaranteed for the owner’s entire life. This form of life insurance also allows for easy access to funds and provides tax-advantaged wealth growth.
You can find benefits to both types of senior life insurance. To find out which senior life insurance solution will work for you, speak with our Madison insurance professionals.
What are the financial benefits of a senior life insurance policy as opposed to investing in other ways?
The pluses and minuses of every investment strategy will be unique to you, depending on your financial situation. Choosing an experienced financial professional is the right way to ensure you choose the right path.
Who needs senior life insurance?
Every adult, no matter how old, has a need for senior life insurance.
Why should everyone buy senior life insurance?
- Funerals cost thousands of dollars. Don’t let these expenses send your family into financial distress.
- To pay for living expenses, such as school fees, groceries, and bills.
- Pay off mortgages and other debts.
There are many other reasons to buy senior life insurance. Learn more by contacting a senior life insurance professional at Retirement Income Strategies.