Life Insurance in De Forest, WI
Want to buy life insurance but aren’t sure which plan you should choose? Speak with our life insurance specialists in De Forest today. By reviewing your unique situation, we will help you select the best option for you. Contact us today to take steps towards improved financial security.
About Life Insurance
Life insurance sets forth an agreement between an insurance agency and a customer. The customer pays a specified amount, called a “premium”, at regular intervals, and in return the company pays a designated amount to a beneficiary under certain circumstances (usually at the policy owner’s time of death).
What is the difference between term & universal life insurance? What are the pros & cons of each?
Term life insurance means you only pay for specific period of time, and the benefit only lasts for a certain time.
Conversely, universal or whole life insurance is guaranteed for the entire duration of the owner’s life. The benefits of this type of life insurance include easy access to funds and tax-advantaged growth of wealth.
You can find benefits to both types of life insurance. Talk to our licensed De Forest life insurance professionals to learn about the best solution for you.
What are the benefits of owning a life insurance policy as opposed to investing in other ways?
The benefits and disadvantages to each investment program will be specific to you, depending on your financial situation. This is why choosing a knowledgeable financial advisor is so important.
Who Needs Life Insurance?
Everyone needs life insurance coverage! It really doesn’t matter if you are 21 or 71; you still have a need for this important product.
Why Should You Buy Life Insurance?
- Provide a way for your family to pay for funeral expenses.
- To cover living expenses, such as school fees, groceries, and bill payments.
- To pay off mortgages and other debts.
These reasons are only the tip of the iceberg. Talk to a Retirement Income Strategies life insurance professional today to find out more.