Life Insurance in Madison
We are the solution if you’re looking for life insurance in Madison. We take your unique situation into account in order to find the option that will work best for you. Contact us today to take steps towards improved financial security.
What is senior life insurance?
In a senior life insurance contact, an agreement is made between an insurance agency and a customer. The policyholder agrees to pay a certain amount at scheduled intervals, which is called a “premium”. In return, the company agrees to pay a lump sum to a designated beneficiary under certain circumstances (usually the policyholder’s death).
What is the difference between universal & term life insurance? What are their pros & cons?
With term life insurance, the policy owner pays for a certain time period and the benefits are only available for a fixed period.
Universal or whole senior life insurance is guaranteed for the duration of the owner’s life. If correctly set up, whole or universal senior life insurance plans provide quick access to needed funds, while providing tax-advantaged growth of wealth.
Each form of senior life insurance has benefits. Speak with 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 unique circumstance, there will be pros and cons to every investment program. In order to make the proper choice, finding an experienced financial professional is vital.
Who needs senior life insurance?
The simple answer? Everyone should buy senior life insurance.
Why should everyone buy senior life insurance?
- Provide the means for your family to pay for funeral costs.
- To pay for the expense of children that may still be living at home.
- Paying off mortgages and other outstanding debts.
These reasons are just the beginning. Talk to a senior life insurance professional at Retirement Income Strategies today to learn more.