Life Insurance in Madison
Our staff of Madison life insurance specialists can help you through the unfamiliar process of selecting life insurance. By reviewing your unique situation, we’ll help you with selecting your best option. Add some extra stability to your future by contacting us today.
About Senior Life Insurance
In a senior life insurance policy, an agreement is made between a customer and an insurance provider. The customer 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 after a specified event (usually the policyholder’s death).
Universal & Term life insurance?
Term life insurance is linked to a specified time frame, regarding both premium payments and the payout.
Whole or universal senior life insurance is guaranteed for the duration of the owner’s life. If set up correctly, these senior life insurance plans provide simple access to needed funds, while also providing for tax-advantaged growth of wealth.
There are benefits to both kinds of senior life insurance. Contact one of our Madison insurance professionals to learn which life solution will work best for you.
How does senior life insurance compare to other investment options?
All investment programs have pros and cons depending on your individual background. The most important thing to consider is how to select the correct financial professional who will take care of your needs.
Who needs senior life insurance?
Everybody needs senior life insurance! It really doesn’t matter if you are 28 or 78; you still have a need for this important product.
Why should everyone buy senior life insurance?
- Provide a way for your family to pay for funeral expenses.
- To pay for school fees, bill payments, food, and other costs of living.
- Pay off mortgages and other debts.
These three reasons are just the beginning. Learn more by contacting a senior life insurance professional from Retirement Income Strategies.