Madison Senior Life Insurance
Retirement Income Strategies is a team of life insurance specialists in the area of Madison, Wisconsin area. We provide life insurance professionals to help find the best life insurance option for your specific situation. Stabilize your future. Call us today.
What is senior life insurance?
Senior life insurance creates an agreement between an insurance provider and a customer. The customer pays a specified amount, called a “premium”, at regular intervals, and in return the company pays a lump sum to the designated beneficiary once the term of insurance is over (generally at the policy owner’s time of death).
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 to your heirs only lasts for a certain time.
Conversely, whole or universal senior life insurance is guaranteed for the duration of the owner’s life. This form of life insurance offers easy access to funds and provides tax-advantaged wealth growth.
Each form of senior life insurance offers benefits. To learn which senior life insurance solution will work for you, speak with our insurance professionals in Madison.
How does senior life insurance compare to other investment options?
Depending on our financial circumstance, there will be ups and downs for every investment program. This is why choosing a financial professional is a necessity.
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?
- Funerals can cost thousands of dollars. Why place that burden on your family?
- To pay for school fees, utility bills, groceries, and other costs of living.
- Paying off mortgages and other outstanding debts.
These reasons are only the tip of the iceberg. Learn more about your options by contacting a senior life insurance professional from Retirement Income Strategies.